Auto Inc. keeps tech talent in demand as big tech companies continue with large-scale layoffs
Contents News/Article Date: 31st March 2023
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And in this instance: Increasing demand for tech talent in the automotive sector is turning out to be a boon for IT employees who have been hit by a spate of layoffs across big technology companies such as Google, Microsoft, and Amazon in recent months.
Automakers including the top three, Maruti Suzuki, Hyundai Motor, and Tata Motors said they expect an upswing in hiring across multiple functions including engineering, electric and electronics, product development, and operations management in the next few months amid sustained demand, pervasive technology applications, and progressive investments to accelerate capacity build-up.
Subject: Auto Inc. keeps tech talent in demand as big tech companies continue with large-scale layoffs
Appended is the complete news item
Auto Inc. keeps tech talent in demand as big tech companies continue with large-scale layoffs
Source: ET Bureau
Increasing demand for tech talent in the automotive sector is turning out to be a boon for IT employees who have been hit by a spate of layoffs across big technology companies such as Google, Microsoft, and Amazon in recent months.
Automakers including the top three, Maruti Suzuki, Hyundai Motor, and Tata Motors said they expect an upswing in hiring across multiple functions including engineering, electric and electronics, product development, and operations management in the next few months amid sustained demand, pervasive technology applications, and progressive investments to accelerate capacity build-up.
This will further boost the flow of tech talent into the auto sector which has increased in the last few quarters, HR experts said.
With tech companies resorting to downsizing manpower the last few months, “in the last two quarters there is a significant improvement” in the supply of tech talent, said the director (of general staffing) at staffing and recruitment services firm Adecco.
This is a boon, especially to the automobile industry that is witnessing disruptions on account of the advent of connected, electric, and autonomous technologies, experts said.
Most auto companies are adapting digitalization in product design and engineering, “There is a constant increase in demand in the field of mechatronics, Autosar (Automotive Open System Architecture), battery management, AI (artificial intelligence) and ML (machine learning), robotics programming, product design, and development skills,” she said.
Tata Motors – which has integrated workforce planning with strategic business planning for its passenger vehicle business – expects Tata Motors – which has integrated workforce planning with strategic business planning for its passenger vehicle business – expects an upswing in hiring across multiple functions in the next few months in line with its growth trajectory.
Currently, we are looking at hiring engineering talent with relevant domain experience,” said the chief human resource officer of Tata Motors. “Good communication skills and adaptability to the fast-changing needs of the auto sector is a desirable skillset.”
The country’s top carmaker Maruti Suzuki is looking at hiring about 1,000 personnel from campuses alone across technical and management profiles in 2023-24. “A lot of work around new technology introduction and digital transformation is happening across the organization for which we require talent and new skills,” said a member executive board-HR at Maruti Suzuki India Ltd.
Korean auto major Hyundai, too, plans to recruit a mix of young and lateral talent equipped with new-age experiential skills that focus on technology. The roles open includes those for data scientists to artificial intelligence and application software engineers, developers, designers, and user experience consultants.
“While engineering and management backgrounds are the lookout streams at the campuses, there are three different areas of expertise or experiences we are focusing on while hiring talent with experience – new-age experiential skills focused on technology, transformational competencies, and behavior-driven skills that fast-paces transformation and influences business results,” said group head (human resources) at Hyundai Motor India.
Automotive Skills Development Council (ASDC) anticipates hiring to be 30% higher compared to the last few years for the industry, said the CEO of Quess IT Staffing.
This surge in hiring demand may lead to increased salary hikes this year, he said. “We anticipate a hike of 8-10% for manufacturing and plant employees and 12-15% for engineering, R&D, and technology applications.”
Sivaram said niche skills will command a larger increment.
Passenger vehicle sales in the local market are expected to maintain strong double-digit growth after a robust FY23 when total sales may be just shy of 4 million units.
Given the growth potential, companies including Maruti Suzuki, Hyundai, and Renault-Nissan have announced fresh investments in the country to fast-track product interventions and expand capacity here.