In the world of digital where everything is connected to the internet, Amazon has emerged as a revolutionary platform and changed the way people do shopping. The e-commerce behemoth is referred to as the most influential economic and cultural force in the world. Initially known for online bookselling, Amazon is one of the most valuable companies in the e-commerce and IT sector today. It has significantly escalated up its expansion into more industries and markets over the years. As Amazon is relentlessly expanding its business, it is also generating more and more job opportunities in the world.
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a consortium in partnership with pymetrics – the leader in fair talent matching – that brings together training partners Merit America, Per Scholas, Revature, and Woz Enterprise. The consortium will leverage Infosys Wingspan and pymetrics' AI-based talent-matching platform to meet the reskilling and employment needs raised by the COVID-19 crisis in America. Reskill and Restart--powered by Infosys Wingspan--takes job seekers on a guided journey, beginning with aptitude and skills assessment, followed by curated job-specific skills training, and culminating in matching them with available positions. The consortium of partners has built new pathways for talent to transition from traditional jobs across various industries and workstreams to digital and operations jobs of the future. It also enables employers who are scaling up to review the available talent pool for the right match and hire them while they undergo rapid and job-specific reskilling on this integrated multi-stakeholder platform.
Bengaluru: A move toward project-based work is prompting Indian information technology (IT) services companies to adopt the flexi or contractual staff model while hiring professionals in high-tech areas, spelling rising costs for companies. According to the latest talent market research by Infosys, called Talent Radar 2019, the top five technical skills in demand in digital projects are: analytics, user experience, automation, IT architecture and artificial intelligence. Companies like Tata Consultancy Services Ltd, Infosys Ltd, Wipro Ltd, HCL Technologies Ltd and Tech Mahindra Ltd have adopted this model in varying degrees. The sector's flexi workforce is expected to grow to 720,000 by 2021 from half a million in 2018, according to ISF. To be sure, the move toward contract hires has been a trend across industries, but it has become more visible in IT of late because of a rise in project-based work.
Infosys has announced that it plans to hire 10,000 American workers over the next two years. The company in a media release said that as part of this initiative it will open four new Technology and Innovation Hubs across the country focusing on cutting-edge technology areas, including artificial intelligence, machine learning, user experience, emerging digital technologies, cloud, and big data. These four hubs will not only have technology and innovation focus areas, but will closely serve clients in key industries such as financial services, manufacturing, healthcare, retail, energy and more. The first hub, which will open in Indiana in August 2017, is expected to create 2,000 jobs by 2021 for American workers and will help boost Indiana's economy. "Infosys is committed to hiring 10,000 American technology workers over the next two years to help invent and deliver the digital futures for our clients in the United States," said Dr. Vishal Sikka, Chief Executive Officer, Infosys.
Gartner says more than 3 million workers across the world will have a'robo boss' by 2018. High time businesses reorient skill development programs to help mid-level managers stay relevant. In July, the Vodafone-Idea merger was approved by the Competition Commission of India (CCI). The mega deal will make the shareholders of both companies become part of the largest telecom company in India, and reward them in the future. It will also create a situation that can quickly escalate into a nightmare.