The IT industry will also review its workforce requirement and tend towards being conservative as it looks to reduce employees reserved under the Bench category -- personnel not deployed.
Chandrashekhar said skills in cloud computing, robotics, and artificial intelligence are much-sought-after skills that IT companies require now. The other set of skills is knowings the ins and outs in a specific field of work: IT in healthcare, or IT in agriculture.
IT companies will also seriously review hiring fresh graduates from campuses en-masse and go for targeted hiring of graduates who are experts in certain subjects. "Overall there will be lower hiring but the demand for greater skills is getting bigger," he said.
Chandrashekhar said there will be a negative impact due to the decision of Britain to exit the European Union, chiefly because of the sudden drop in the Pound impacting current contracts and uncertainty over what business opportunities are on offer from a Britain divorced from the EU.
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"However, for the long-term these effects will be mitigated and even there are positives on the horizon for the Britain," he said.