Infosys, India’s second-biggest outsourcer, has created an internal talent marketplace called FLUID to help employees reskill and move up the value chain, the Times of India mentioned in a report. The system will help the company have a larger talent pool so that it can meet the talent requirement in its digital projects.
According to the company, 34% of its hiring requirements in digital projects were staffed with reskilled employees, while 80% of the reskilled talent moved to digital projects within a year of upskilling. Digital revenue now contributes more than half of the company’s topline, the publication mentioned.
Worth mentioning here is that talent crunch has increased drastically in the IT sector post the pandemic as companies are getting huge digital transformation orders from global companies. Existing employees in the digital segment are now demanding between 50-80% hike for switching jobs. Amid this situation, large IT companies have decided to reskill and upskill their existing talent pool to prepare them for digital projects. This will help these companies in keeping manpower costs in check while meeting future talent requirements.
Meanwhile, Infosys has also introduced Skill Tags that function like skill badges to identify proficiency in different technologies. Employees can select a skill tag, and then a variant within it, to specialise in. It has 22,000 skill-tagged employees today, making up 29% of the digital solution specialist talent. More than 6,500 people hold premium skill tags in niche skill areas. Some major tags include cloud developer, scrum master, UX designer, DevOps professional and data scientist, the publication mentioned.
It also started a system named Digital Quotient to objectively assess an employee’s digital readiness. “Our Digital Quotient is a comprehensive score that helps Infoscions keep track of their digital capabilities. Using the score, Infoscions can understand how their skills compare to others, and enables them to realise new opportunities,” the ToI report quoted the company as saying in its Talent Pulse Report. About 80,000 employees have increased their capabilities through this.
