25 Percent of Global Talent will Become Redundant in 3-5 Years: Zinnov

Computerworld March 25, 2013
25 Percent of Global Talent will Become Redundant in 3-5 Years: Zinnov
According to the Zinnov Talent Outlook 2013, India was found to be the third preferred center for innovation after Silicon valley and other US cities.
Zinnov, today released “Talent Outlook 2013”,a report that highlights a paradigm shift in HR 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 organization. Key Findings Indiafound to be the third preferred center for innovation after Silicon valley and otherUScities Organizations believe 25 percent of their current talent will become redundant in the next 3-5 years,while specialized skill sets in User Experience and Mobility see rising demand Countries such asIndiaandChinawill witness growth primarily due to the cost and access to talent. TheSilicon Valleycontinues to be an Innovation hub, with 80 percent of respondents to the Zinnov survey indicating that their organizations’ headcount will increase the highest in this region.Indiaranked third as potential innovation region, with organizations revealing that 15 percent of innovation is expected out of the country, followed by EMEA at 10 percent. The survey revealed that this year there would be a marginal growth in China&Indiaprimarily due to the cost and access to talent and most respondents indicated thatChinawould no longer be on the priority list for most companies. Commenting on the study, 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. Organizations are also expected to increase their focus on soft skill development across levels and functions” Organizations believe 25 percent of their current talent will become redundant in the next 3-5 years,while specialized skill sets in User Experience and Mobility see rising demand. In addition to this, according to the study, the headcount inIndiato increase by 13 percent in 2013. Organizations are seeking talent with skills in the areas of Engineering (50 percent of respondents indicated that it would be among the top 3 skills of the future), followed by Analytics skills (40 percent) such as Big Data, Predictive Modelling, HR Analytics, and Mobility (32 percent). The biggest talent challenges that organizations face are in the areas of niche hiring and skillset assessment, with 50 percent 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 organizations do not have such resources and just 20 percent are focused on it for 2013. About The Survey For “Talent Outlook 2013”, Zinnov surveyed individuals in various HR functions across 40 global organizations, with 83 percent employing over 1,000 technology professionals.

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