Downtrends of IT/ITES

Global financial meltdown has proved that IT or ITES sector is not giving enormous opportunity to functional or non-IT workforce. Some of the analysts opine that key movers and shakers of the IT industry are moving into non-IT industry. As per the slogan that the direction of the wind can not be changes but the sailors can turn their direction as per the wind, IT movers and shakers are entering into non-IT segment instead of trying to fight with the prevailing slow down. This shifting is due to the current scenario prevailing in the IT and ITES industries that are demotivating the senior management to step of out of the stagnant market segments. A major influencing factor for these changes is that non-IT segment has a major demand of highly talented and dynamic leadership. In order to face this upcoming demand, the industry is promising the attractive career paths to new leaders.

The increasing hiring of the non-IT companies began weakening the leadership teams of some of the global IT majors. IT or ITES companies are facing the adverse effect indirectly due to considerable brain drain to other industries. Non-IT industries are hiring generalists and specialists with different skill sets and trying to enter into IT related or enable services, which in turn is a major threat of existing IT players. Some of the global IT majors are approaching various techniques to retain their key leadership by promising attractive pay scales, incentives and adding huge value to their existing or current businesses and portfolios.