Genpact, Tech Mahindra and TCS Launch Programmes For New Jobs Available: Details Here 

At a time when companies are laying off employees and cutting salaries, few Information Technology (IT) companies have launched relevant educational courses for the new digital era. This big move has been taken up in a bid to bridge the gap between the talent pool and the skills required for the available jobs. 

The three big companies, who have initiated this plan are Genpact, Tech Mahindra and Tata Consultancy Services (TCS). They have launched programmes for those who are looking to acquire skills for the new jobs available.

As per The Hindu BusinessLine report, Tech Mahindra, recently partnered with Jawaharlal Nehru Engineering College under the Mahatma Gandhi Mission University. This decision was taken to roll out a two-year post-graduate programme with the aim of bridging the skill-gap in new-age technologies, including digitalisation, mobility, AI and machine learning.

Taking a look at Tata Consultancy Services; they are scaling up its Digitate Academy to meet the growing demand for ignio-certified professionals. Giving an insight into - Ignio; it is the core of TCS’ digital platform. Currently, the academy has doubled the number of professionals trained in the last 12 months. 

Highlighting on what Genpact has done; earlier in June, they made its internal online learning platform, Genome, free. In a recent interview with BusinessLine, Tiger Tyagarajan, President and CEO, Genpact said; “Skills that were once seen as nice to have are now critical to succeeding in the digital economy. By opening Genome to the public, we are helping to accelerate the professional learning process for everyone."

Meanwhile, many firms are also changing in Global Delivery Model. It is when the IT companies started pioneering the Global Delivery Model, which was based on hiring people from engineering colleges, training them using company resources and then deploying them on projects. 

In this model, the projects involved were straightforward and the college curriculum was enough for the freshers to commence work with minimal training. Due to the pandemic and other issues, now, things have changed, as new projects are designed around digital projects like AI and robotics. 

Most engineering colleges are yet to adapt their curriculum to the new requirements. “The cost of training and hiring an individual after college is an expensive and time consuming affair. Post Covid-19, companies are preparing for a Just In Time (JIT) model wherein they can shorten the hiring time and reduce training costs once a person is on-board,” said T. V., Mohandas Pai, former Infosys CFO.

Currently, there is a growing crunch for data scientists, cloud architects and AI engineers, amongst others. In FY20, the IT sector added 2 lakh jobs and employees have started to embrace re-skilling efforts. Also, most of the large IT companies said the second half of fiscal 2020-21 will see a pick-up in growth in business, reports ET.