The impact can be seen on jobs and there will be a spurt in hiring in IT/technology and marketing.
The Indian corporate is quite enthused about robotics and the shift to robotics is happening more quickly in India than in other countries.
According to the latest quarterly talent trends report by Randstad Sourceright, 90 per cent of the respondents in India expect a positive impact from automation and robotics on business in the next three to five years. The study shares that and the roles most impacted by automation are in IT/technology, manufacturing and marketing.
Next the study suggests that though there are layoffs happening at the top IT Services companies in India, the job market will not be so gloomy for the techies. “Over the next 12 months, Indian companies will fill more IT/technology roles than any other job family, followed by talent acquisition and marketing positions,” the report states as one of the key takeaways.
The study explains that owing to a positive economic outlook and robust economic expansion in the country, human capital leaders feel secure in the political climate and 82 per cent believe it is either helpful to their talent strategies or unlocks tremendous opportunities. Employers in India are also keen to make greater investments in innovation and technology. Nearly 96 per cent state that they are already spending enough on talent innovation, while nearly three-quarters believe their competitors are outspending them in this area.
Furthermore, to build on these investments, 82 per cent leaders admit that their organisations are adding digital specialists into the workforce, which is also a fact that has been established by some recent hiring announcements in the country. For instance, Infosys said last month that it plans to hire 20,000 engineers for skills in big data, analytics, automation platforms and products.
According to the report, digitisation is making inroads into every aspect of business, and particularly transforming HR in positive ways (82 per cent of the respondents agree to this). There is also a significant amount of concern about the pace at which this shift is happening. Nearly 66 per cent of the respondents feel that digitisation is moving too fast. Interestingly, 98 per cent admit to have already invested in more than 10 technologies in digitisation of HR.
Along with investments and efforts, this trend also has a relation to the kind of talent organisations are actively seeking for strengthening their employee engagement initiatives digitally. The top investment priorities for organisations include improving talent experience, hiring digital specialists and talent analytics.
About 84 per cent leaders spend on technology to improve talent experience, while 82 per cent invest in hiring more digital technology professionals to support HR. Nearly 80 per cent agree to spend on technology to improve candidate experience during recruiting and 80 per cent on deploying predictive analytics for talent.
The survey studied responses of more than 700 leaders from across 15 countries and found out that although emerging technologies, HR automation and increasingly popular flexible workplaces are reshaping how businesses are run, local politics, economic conditions and workforce demographics are presenting unique opportunities for employers that vary from country to country.
While Dutch employers are hiring for IT and technology roles, those in France are also investing in R&D hires. While talent leaders in Singapore are conservative in their future growth expectations, their counterparts in Brazil are bullish about the road ahead. Employers in the US recognize the positive effects of HR digitalisation, whereas those in Australia are equally concerned that the speed of its adoption is moving too fast.