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Availability of skilled English speaking workforce has been a Graduates addition to talent pool in India ( in millions ) major reason behind India ’ s emergence as a global outsourcing hub
During FY08-15 , no of graduates addition to talent pool in India grew at a CAGR of 9.4 per cent
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3.7 |
Graduates addition to talent pool in India ( in millions ) 5.8
5.3
4.7 4.4
4.0
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India added around 5.8 million graduates to the talent pool during FY15 |
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Growing talent pool of India has the ability to drive the R & D and innovation business in the IT-BPM space |
FY2010 |
FY2011 FY2012 FY2013 FY2014
FY2015
Source : Nasscom , TechSci Research Note : Graduates includes both graduates and post graduates
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About 2 per cent of the industry revenue is spent on training employees in the IT-BPM sector
USD1.6 billion is spent annually on training workforce and growing R & D spend
Forty per cent of total spend on training is spent on training new employees
Numerous firms have forged alliances with leading education institutions to train employees
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Graduates addition to talent pool in India ( in millions ) |
Recruitment cost
Salaries for inhouse training staff
Employee welfare
External training ( existing employees )
Other costs
External training ( new recruits )
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Source : TechSci Research |