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After the boom, comes execution pressure
DataQuest
|September 2022
The second half of 2021 saw a boom for tech industry entrepreneurs to support the movement of conventional businesses to integrate technology into their business in the form of communication, manufacturing, and distribution development after a difficult first half of 2021 caused by the cruel second wave of Covid-19. However, along with these enormous prospects for tech CEOs and unicorn companies, comes execution pressure.
Various models are being used by businesses, including full work from home, hybrid, and full work from office. Tech and IT organisations have tailored their services to offer a secure working environment by taking into account varied needs. The Tech and IT industry reached a tipping point in FY2022 when its total sales surpassed $200 billion and its workforce surpassed 5 million people.
A recent CMR study on employability demonstrates how various educational institutions fared in terms of placing their students in tech and IT industry along with all other engineering streams.
BACKGROUND: DATAQUEST T-SCHOOL EMPLOYABILITY INDEX SURVEY 2022
Employability Index is one of the measures aimed at describing the transition from engineering graduates to employment. Overall, the report offers more guidance to students by indicating to the interested audience the potential of finding a job within the line of study being chosen.
CURRENT JOB MARKET 2022
The year 2022 is going well in terms of employment for engineering graduates as 95% of HR managers found current job market great in terms of opportunities. However, they also raised a few gaps in the skillset of engineering students as per current industry requirements. The first one is the lack of technical knowledge which is obvious due to increased demand of customized solutions.
Therefore, companies need to spend the first three months of their new employees' employment training on skills essential to accomplish business objectives.
INTRODUCTION TO REAL WORLD OF INDUSTRY
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