NEW DELHI, Mar 25: Zinnov, a leading Globalization and Market Expansion Advisory firm, today released its ‘Talent Outlook 2013,’
report which found India to bo be the third preferred center for innovation after Silicon valley and other United States cities
Another key finding of the Survey is that Organisations believe 25 per cent of their current talent will become redundant in the next 3-5 years,while specialised skill sets in User Experience and Mobility see rising demand.
‘Countries such as India and China will witness growth primarily due to the cost and access to talent’, the survey says.
The report highlights a paradigm shift in Human Resorouce trends this year. The survey revealed that 2013 will be a year of skill and talent reconciliation, even as new skill sets are brought to focus and HR is challenged to implement strategic planning within the organisation.
The Silicon Valley continues to be an ‘Innovation hub,’ with 80 per cent of respondents to the Zinnov survey indicating that their
organisations’ headcount will increase the highest in this region.
India ranked third as potential innovation region, with organisations revealing that 15 per cent of innovation is expected
out of the country, followed by EMEA at 10 per cent.
The survey revealed that this year there would be a marginal growth in China and India primarily due to the cost and access to talent and most respondents indicated that China would no longer be on the priority list for most companies.
According to the study, the headcount in India is set to increase by 13 per cent in 2013. Organizations are seeking talent with skills in the areas of Engineering (50 per cent of respondents indicated that it would be among the top 3 skills of the future), followed by
Analytics skills (40 per cent) such as Big Data, Predictive Modelling, HR
Analytics, and Mobility (32 per cent).
Commenting on the study, Mr Pari Natarajan, CEO, Zinnov, said, “Data scientists and user experience designers will witness very high demand, while mobile application developers and cloud computing experts will witness moderate to high demand. Significantly, all these skills were non-existent a decade ago. Organisations are also expected to increase their focus on soft skill development across levels and functions.”
The biggest talent challenges that organisations face are in the
areas of niche hiring and skillset assessment, with 50 per cent of
respondents suggesting that these would be key focus areas for HR in 2013. While dedicated statistical teams within HR departments can reduce challenges around skillset assessment, large volume data analysis and workforce planning, over half the organisations do not have such resources and just 20 per cent are focused on it for 2013, the survey says.
For ‘Talent Outlook 2013,’ Zinnov surveyed individuals in various HR functions across 40 global organisations, with 83 per cent employing over 1,000 technology professionals. (UNI)
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