If you’re looking to hire top-notch IT talent, India should be on your list of global destinations. Many companies around the world rely on Indian talent to thrive in today’s digital era. India’s abundant pool of skilled and educated professionals in the technology industry is a significant draw for companies seeking innovative solutions.
- 1: India's Talent Pool Continues to Grow as a Prime Destination for Hiring
- 2: India: The Top Destination for Sourcing Skilled Tech Talent
- 3: Leveraging India's Cost-Effective Workforce for Your Hiring Need
- 4: How Regulatory Changes are Making the Country a More Attractive Destination for International Companies
- Hiring Talents in India with an Employer of Record EOR Services provider
1: India's Talent Pool Continues to Grow as a Prime Destination for Hiring
India is an ideal location for a talent hunt, as it boasts a significant number of highly educated and skilled workers, and millions of students join the workforce every year. This talent pool makes India a prime destination for companies looking to hire skilled workers. The Indian Government’s vision to create a technologically advanced and digitally empowered society is being reinforced by the recent New Education Policy that emphasizes the integration of technology into education. This effort includes initiatives such as high-speed internet availability, seamlessly integrated services, mobile phone and bank account enablement, and universal digital literacy, among others.
With these strategies in place, the Indian government is recognizing the nation’s potential as a global technology leader and positioning it as a top talent market for companies looking to recruit top-tier workers.
2: India: The Top Destination for Sourcing Skilled Tech Talent
The demand for skilled workers in the technology sector is increasing rapidly. As a result, businesses are turning to India, which is recognized as the top global destination for sourcing tech talent by the India Brand Equity Foundation.
Indian IT & BPM have established over 1,000 delivery facilities in approximately 80 countries, and in the next five years, 40 percent of Indian developers are expected to enhance their skills. The IT sector’s export revenue is projected to increase by eight to nine percent annually.
To support this growth, the Indian Government is investing heavily in infrastructure. Additionally, India ranked second in the 2019 Agility Emerging Markets Logistics Index, with 48.1 percent of those surveyed expecting India’s e-commerce market to grow at the same pace as, or even faster than China.
3: Leveraging India's Cost-Effective Workforce for Your Hiring Need
Compared to other regions such as Asia, Latin America, Africa, and Eastern Europe, salaries for web developers in India are lower, making it an attractive option for companies seeking to minimize their hiring costs. Despite this, a report by NASSCOM indicates that 79% of HR leaders anticipate significant challenges in keeping up with the rapidly evolving technology landscape. This underscores the importance of hiring qualified professionals who are up to date with the latest trends and technologies, and India’s pool of skilled talent can be a valuable resource in meeting this need.
4: How Regulatory Changes are Making the Country a More Attractive Destination for International Companies
In 2019, the Indian government introduced the Personal Data Protection Bill in parliament, aimed at safeguarding individuals’ personal data and preventing companies from misusing it. However, the bill also has implications for international companies that are hiring in India, as it provides a framework to protect their data as well. This legislation is critical in ensuring that businesses are able to operate in a secure environment, which is essential for companies with sensitive data such as financial information, trade secrets, and proprietary data.
The Personal Data Protection Bill establishes guidelines for collecting, processing, and storing personal data, and mandates that companies obtain consent from individuals before collecting their data. This is a crucial safeguard that ensures individuals have control over their data and how it is used. The bill also stipulates that companies must implement reasonable security practices and procedures to protect personal data from unauthorized access, modification, disclosure, or destruction.
Overall, the Personal Data Protection Bill is a positive development for international companies looking to hire in India, as it demonstrates the government’s commitment to protecting their data and creating a secure business environment.
Hiring Talents in India with an Employer of Record EOR Services provider
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With an EOR, you can focus on what you do best – growing your business and tapping into the global talent pool. Contact us today to learn more about how an EOR can help you expand your business overseas and hire the best talent, hassle-free!
