Given the massive layoffs and an overall slowdown due to macroeconomic factors, the tech industry may not be in the pink of health post the Covid-19 pandemic. However, most companies are struggling to bridge the talent gap that costs them billions of dollars every year.
Per a 2023 EY-iMocha report, 81% of organisations in India are experiencing a shortage of tech talent, while a November 2023 report by tech industry lobby NASSCOM puts the demand-supply gap to 25-27%. Interestingly, the digital talent gap is projected to rise to 28-29% in 2028, a 2.8x rise with the demand surpassing 6 Mn. Although many organisations increasingly rely on upskilling their existing workforce, the talent gap widens, impacting tech innovations and India’s overall economic growth.
As nearly 40% of recruiters find it challenging to find the right talent for the right job within a short timeframe (tech hiring, on average, may take up to 45 days), skilling and placement-driven career institution Masai School has developed Talent Circle, a dedicated talent hunt and hiring programme catering to tech companies.
Operational since 2023, Talent Circle handpicks Masai School’s top tech talent and provides a range of personalised services to member companies to ensure ‘right hiring’ in the shortest possible time – within 24 hours.
For context, Masai School is an outcome-based career institute that provides long-term courses in web development (frontend, backend and full-stack), and data analytics to anyone aged 18-28 years old. These courses come with specialisation in SQL and MERN/MERN Stack, including React, Node.JS & MongoDB.
The edtech startup also uses artificial intelligence for skill assessment, competency mapping and matching job opportunities across startups and legacy tech companies.
Masai School does not charge any upfront tuition fees for these courses. Students sign a ‘pay after placement agreement’ wherein they agree to pay a fixed monthly payment for 36 months or less. Corporates that hire from Masai are not charged anything.
The startup has onboarded more than 4500 companies, assisting them in finding industry-ready tech talent. Among its corporate clients are industry giants........