Teksands

Companies in the present times are modernizing their frameworks so as to suit the advancing technologies. Through these advanced technologies and frameworks, it is assumed that organizations can create a new normal for everyone. Modernization could be seen in various things, whether it could be in work culture or in an individual’s way of living. Hence, organizations, as well as individuals, must know about such advancing technologies. The knowledge about these could take individuals to enter a completely new dynamic work culture.    Importance Of Data Scientists In The Present Scenario   In the context of modern technologies and frameworks, the arena of data engineering is new, which could lead an organization to attain new heights within its available resource structure. Data science/engineering is an important aspect of modern-day business processes because it allows enterprises to optimize data towards usability. For instance, data scientists trained via Teksands offe...

  According to a report, 75% of executives in the middle market are facing challenges in attracting, training and retaining talent in the company. This results in the skill gap, which means lack of trained professionals and a downfall in the business. According to the National Center for the Middle Market’s Q1 2013 Middle Market Indicator survey, nearly one third of the middle market leaders face challenges in hiring talented individuals from departments like sales, operations, skilled trades and IT professionals. Furthermore, the leaders reveal that this skill gap can have a significant impact on multiple aspects of the business. Noticeably, the increasing skill gap makes it harder for the businesses to achieve their goals and grow. Strategies to fill the gap Majority of middle market firms source talent from online platforms, competitors, and four year colleges and universities. Besides, some companies also use search firms to source talent for their companies. Some companies als...

Are you still confused about what is skill gap, and the factors that lead to this condition in the business sector? If yes, this write-up will clear all your doubts. According to a survey conducted by CareerBuilder in 2017, the HR managers incur $800,000 annually because of the extended job vacancies that last for more than 12 weeks. Furthermore, since 2017, the rate of unemployment has multiplied extensively, making it difficult for the employers to pick the right talent. Post pandemic, the economy has started recovering, but the businesses are still struggling to pick the right talent from the market. The real challenge lies in finding individuals who have the required skills to meet up the expectation of different job vacancies. The skill gap is the difference between the skills possessed by a worker and the skills required to perform a job effectively. The skill gap increases generally when the companies lose their experienced employees or when the business adapts new technologies....

The rapidly evolving IT industry and the rise in digitalization have increased the demand for skilled workers. According to a report published by TeamLease, majority of workplaces are now covid-proof, and hence the employers are looking forward to multiply their teams in near future. Therefore, firms are likely to hire employees at an increased rate, and the IT industry is looking forward to make the most number of hiring. On the other hand, 82% employees currently working in the market are considering changing their jobs in this financial year. Post pandemic, the businesses are planning to expand digitally, so that they could survive in the worst conditions. This calls for an increased demand for skilled workers in the IT industry. The new job openings this year would be largely related to positions like Data scientist, Machine Learning Engineers , Site Reliability Engineers, Azure Data Engineers, etc. Therefore, the budding employees and the candidates who are already working in the ...

The skill gap in the industry is not only hindering the growth of the companies but it is also obstructing individual growth. According to a survey done by SCIKEY Market Network, around 70% companies experience a major loss of productivity throughout the year. Furthermore, the same study revealed that around 33% companies are experiencing higher rate of staff turnover, and 40% teams suffer lower morale. In addition, 45% companies face inferior work quality, and 40% businesses revealed that they face inability to expand business. How Can This Real World Problem Be Solved? The employers as well as the employees need to address this issue on priority, as otherwise the business industry would suffer on a larger scale. And, to solve this problem people have to commit to lifelong learning so that they could meet the changing skill requirements of the IT industry. Most of the skills possessed by the current employees will need to be upgraded with time, and lack of training will make them face...

According to a study, nearly 2/3 rd of employers said that while increasing the number of employees, they are left with open positions because they are unable to find qualified candidates. Ironically, when nearly 7.5 million Americans are unemployed, the employers are still unable to find qualified candidates who could fit into their company’s requirements. Millions of employees in America are doing part-time jobs because they are unable to find a full-time position for themselves, and this is because the youngsters aren’t trained enough to qualify majority of job requirements. Talking about a survey done in the Indian market, around 15 lack students graduate from engineering colleges in India, each year. However, amongst this number, only 4% students get relevant jobs in the IT industry. Now the question is, why are students unable to find a relevant job even when the IT industry is growing massively, post covid. Companies across the world are hungry for more and more technical...

In the present times, there is no doubt tha t finding Machine Learning and Artificial Intelligence professionals is the most trending topic in the entire IT sector. It is because the sector is facing a shortage of skilful employees. According to some reports, around 64% of IT firms accepted that they face issues like skill deficits in their employees. This is why recruiters nowadays are looking to  Hire Machine LearningDevelopers . This way, firms can reduce employee deficits in their firms.  Modern organizations look for employees who acquire training via STEM degrees, credentials specific to Artificial Intelligence (AI) and Machine Learning (ML), soft skills, and so on. The consideration of these aspects is essential because these constitute the essential skills that employers look for in candidates. Significance Of Employee’s Deficit In the current scenario, organizations dealing with Artificial Intelligence (AI) and Machine Learning (ML) frameworks are looking to ...