Employee engagement in tech sector hit the most by Covid, says report
The Hindu
This ongoing crisis has created a large supply-demand imbalance as companies fail to meet their talent needs
Employee engagement and retention has emerged as the worst-hit aspect of organisations in the technology sector amid the COVID-19 pandemic, according to a report.
The other four aspects impacted the most by the pandemic were revenue, client engagement, new clients & projects, and employee productivity, the report by PeopleAsset, an executive search & talent advisory firm, said.
The report said that in a survey of senior leaders across functions and industries, 88.9% of leaders agreed that COVID-19 has had a profound impact on their organizations, with the same number observing that employee engagement and retention were the hardest hit.

GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










