As India’s workforce continues to recover from the crippling blow it received during the pandemic, the country is starting to see a surge in high-tech jobs such as cryptocurrency, bitcoin, and blockchain.
In India, job postings containing these words “increased 394 percent year over year from 2020 to 2021.” As Mint points out in this article, “The cryptocurrencies and blockchain industry are at the booming stage on the back of vast adoption globally.”
As such, business leaders and hiring managers must be prepared to hire top talent with high-tech skills, such as blockchain developers.
Here are three good ways to hire blockchain developers in India right now.
1 – Find Blockchain developers on freelancer platforms.
Did you know that India’s freelance community is projected to grow between $20 and $30 billion by 2025?
According to an article by the Times of India, this is due to a rapidly growing gig economy. Yes, the pandemic disrupted the gig economy (causing 90 percent of Indian gig workers to lose their incomes)—but it also initiated a demand for a more flexible workforce around the world.
Nearly three years later, that same flexibility has evolved from a stopgap solution to a permanent expectation. And since a technological transformation is sweeping the workforce worldwide, as the Times of India points out, “the global gig economy is experiencing a huge demand for tech freelancers, with the IT industry adding several new job roles. Countries like India, the Philippines, Pakistan, and Ukraine with low domestic job opportunities are witnessing a surge in freelancers.”
Related: India job market resurgence
What’s the point? Business leaders can’t afford to ignore freelance platforms to find high-quality job candidates, especially for high-tech positions such as blockchain developers. So, where can you find them?
2 – Search for candidates with experience in emerging blockchain platforms.
In industries like healthcare technology, supply chain, and logistics (among many others), blockchain is becoming an integral part of business operations for prominent companies on the cutting edge of tech-based business operations.
When you are recruiting blockchain developers, look for candidates who have experience at these top 10 blockchain platforms:
Keep an eye out for blockchain developers who have demonstrated meaningful participation in at least one of these blockchain communities. Or, better yet, see if you can find candidates who have actively worked on building these platforms.
3 – Take advantage of tech-based layoffs in the United States.
Did you know that more than 73,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022?
This plainly presents an opportunity for business leaders and hiring managers to scour the American landscape for top talent (Indian or otherwise) in tech, especially blockchain developers.
According to this article by CNBC, as of November 9, here’s a list of layoffs at prominent tech companies in the U.S.
- Meta: ~ 11,000 jobs cut
- Twitter: ~ 3,700 jobs cut
- Lyft: ~ 700 jobs cut
- Stripe: ~ 1,100 jobs cut
- Coinbase: ~ 1,100 jobs cut
- Shopify: ~ 1,000 jobs cut
- Netflix: ~ 450 jobs cut
- Microsoft: ~ 1,000 job cuts
- Snap: more than 1,000 jobs cut
- Robinhood: 31% of its staff
- Chime: ~ 160 jobs cut
- Tesla: cutting 10 percent of salaried employees
Consider searching for job candidates with experience at these companies, especially finance or e-commerce companies like Stripe, Coinbase, Shopify, Robinhood, and Chime.
For help hiring the best and brightest talent in and around India, contact us today.
This blog was written by Acara Vice President of Operations Nagarajan C.