COVID-19 Impact | Job losses and Unemployment in IT sectors
Category : Blog
COVID-19 Impact | Job losses and Unemployment in IT sectors
If you are not worried about your immediate survival in the current national lockdown, then your next worry is how does this impact your employer and your future. Like most professionals, your job is and will remain your primary source of income for the most part of your life and this unprecedented crisis appears to be a major threat in the short to medium term. Let us go through some important knowledge of this outbreak and the impact on the IT sectors. Let’s meet Shreeram M*, a techie working for a small IT firm in Pune, was forced to resign along with six others, in March. A fortnight later, in another ITeS-BPO firm — Fareportal — more than 300 employees were laid off. This may just be the beginning as HR experts and industry players see around 1.5 lakh employees in India’s IT industry losing their jobs over the next three-to-six months. As per the news, we can see Spain has shed jobs at a record pace since it went into lockdown to fight the coronavirus, social security data showed on Thursday, laying bare the scale of the epidemic’s impact in the euro zone’s fourth-largest economy. As per the news, Some 900,000 workers have lost their job since mid-March, with those on short-term contracts in tourism or construction among the hardest hit. At least another 620,000 have seen their contracts suspended with temporary layoffs and tens of thousands are on sick leave. Jobless numbers for March, also published on Thursday, showed Spain registered its highest monthly increase ever, with a 9.3% jump from the previous month bringing the total number of unemployed people to around 3.5 million.
As the lockdown proceeds, you will increasingly feel disconnected and irrelevant, blunting your professional edge and reducing your employability. Thus, your most urgent requirement is to stay busy and connected with work. Establish and follow a proactive routine to manage time optimally and get the results you seek. Work diligently and don’t miss the daily team call routine. Volunteer for additional tasks and deliver within deadlines. Next, check out online training programs offered or assigned by your firm and set aside an hour daily to complete them. You will learn new stuff and keep your brain engaged and sharp. Now, formulate and lead online training sessions on different Skill sets for your junior team members. Finally, create and execute weekly projects from team goals that were put on the backburner earlier.
How to enhance your skills?
Learn Cloud Computing:
Cloud Computing refers to the computing services including servers, storage, databases, networking, software, analytics, intelligence and others over the Internet (“the cloud”). What does it do? It offers faster innovation, flexible resources, and economies of scale. Cloud Computing has the flexibility of offering a “pay per use” feature that enables business houses to pay only for services you use, helping lower your operating costs, run your infrastructure more efficiently and scale as your business needs change.
Learn Python Programming Language:
According to the latest TIOBE Programming Community Index, Python is one of the top 10 popular programming languages of 2020. Python is a general-purpose and high-level programming language. You can use Python for developing desktop GUI applications, websites, and web applications. Also, Python, as a high-level programming language, allows you to focus on the core functionality of the application by taking care of common programming tasks. The simple syntax rules of the programming language further make it easier for you to keep the code base readable and application maintainable.
Experts agree that the most connected people are often the most successful. When you invest in your relationships — professional and personal — it can pay you back in dividends throughout the course of your career. Networking will help you develop and improve your skill set, stay on top of the latest trends in your industry, keep a pulse on the job market, meet prospective mentors, partners, and clients, and gain access to the necessary resources that will foster your career development.
Learn Cyber Security :
Cybersecurity is important because it encompasses everything that pertains to protecting our personal information, intellectual property, data, and governmental and industry information systems from theft and damage attempted by criminals and adversaries.
Because of the massive increase in hacks and hacking attempts, cybersecurity has become an unavoidable topic of discussion in the past several years. Events that occur in the cybersecurity industry can and often do have global consequences and the possibility of catastrophic results.
Learn Machine Learning:
The machine learning field is continuously evolving. And along with evolution comes a rise in demand and importance. There is one crucial reason why data scientists need machine learning, and that is: ‘High-value predictions that can guide better decisions and smart actions in real-time without human intervention.’
Machine learning as technology helps analyze large chunks of data, easing the tasks of data scientists in an automated process and is gaining a lot of prominence and recognition. Machine learning has changed the way data extraction and interpretation works by involving automatic sets of generic methods that have replaced traditional statistical techniques.
There are some of the most highly demanding skills in the IT industry. Getting new skills will help to get more opportunities in your career. It will also help to survive in a crisis situation, where people lose their jobs and unemployment in the IT sectors. Now coming to an end suggesting to utilize this lockdown period and enhance your skill by these online live classes.
Cyber Security, Machine Learning, Networking, Cloud Computing, and Python programming are the most demanding skills, employers are looking for. Because in today’s world Cyber Security is a big concern. Machine learning also helps companies to enhance their product and services. Python is the most popular language because of its easy implementation with any technology. In this connected world network engineers play a very important role. Companies hire Network engineers to main their network infrastructure. Many companies now shifted their Web apps and services to the cloud because of its high features.
So learning any of this skill will help to enhance your current skills and also help you get more opportunities in your career.