Telecom and tech corporations to compete for talent as 5G auction draws closer

Telecom companies will work to expand their workforce as 5G services proliferate and seized private networks come to fruition. They will look to target a talent pool that is similar to where technology companies are looking to fill positions.

After battling over control of the 5G spectrum over solitary private networks, telecom and technology corporations have chosen to now compete over hiring talent.

In order to carry out duties like network administration, testing, and software development, both technology and telecom firms are aiming to acquire hire experts in fields like infrastructure development, equipment, network operations, spectrum services and telephone services.

Telecom companies will work to expand their workforce as 5G services proliferate and seized private networks come to fruition. They will look to target a talent pool that is similar to where technology companies are looking to fill positions.

While waiting for demand for these positions, telecom and technology corporations have already started retraining and enhancing the current staff. however, there is a problem. Despite the fact that tech businesses can now buy spectrum directly from the government, the procedure might take a while. The telecoms will be able to launch private networks considerably earlier once they have acquired spectrum through the auction, which is scheduled to begin on July 26.

According to ET's report, data from employment company Xpheno shows that employees from the IT services sector made up 12% of moves inside the telecom industry in 2017. A little over 16 percent of the talent flows in the telecom sector came from Indian IT, with an additional 2 percent each from the tech start-ups and softwar product sectors. On the other hand, only 2% of the expansion of the IT sector's workforce was comprised of new telecom hires.

The competition for talent may result in some growth in professional offerings. However, it is predicted by experts that average raises will only be between 20 and 25 percent for the time being because telecoms have historically been careful with their wage offerings.