There are exciting opportunities for India’s professional workers in fields like data analytics and generative AI, which are in high demand and will only grow. Research indicates that there was a noticeable rise in the need for technical talent in the first quarter of FY24, including development, systems, applications, and products (SAP), automotive design, testing, and infrastructure support.
High demand for practical suites
It’s been determined that only five IT skill sets make up 78% of the total demand. The functional skill suites with the highest intent to hire were found in development positions (28%) in Q1FY2024. Developers with more than 65 technical platforms and abilities were in high demand. It’s interesting to note that full-stack skills were highly sought for in the consulting, automotive, financial, and telecommunications sectors.
A steady 16% of competency is attributable to SAP expertise, which includes development and implementation. Particularly in the consulting and client areas of the Global Capabilities Centre (GCC), there has been a substantial growth in demand for these talents.
Another significant skill that is in high demand is automotive design, which makes up 14% of the sought-after knowledge. The demand for skilled workers in the global and Indian automotive industries is rising significantly. This growth can be attributed to the industry’s increased use of digital technologies and the rising demand for workers with technical skills.
Additionally, there has been a considerable rise in the demand for testing skills (12%), which is true for both manual and automated domains. Particularly apparent is the high demand for knowledge of products like ServiceNow, Workday, TOSCA, and Selenium.
Across all industries, there is a consistent (8%) demand for people with abilities in both Level 1 and Level 2 support roles for IT infrastructure. This criterion covers more than 30 distinct issues in its broadest sense. There is a demand for these functional skill sets as well as expertise in data science, DevOps, cloud computing, enterprise resource planning (ERP), cybersecurity, artificial intelligence (AI), machine learning (ML), user interface and user experience (UI/UX) design, among other related topics.
The requirement for various recruitment frameworks
According to the study, in order to close the talent shortage, the industry needs look into methods to make skilled workers more accessible through various hiring programmes. The hiring process for traditional technical skills can be sped up through center of excellence programmes, which have a pool of pre-assessed and qualified candidates. Employers can use the hire-train-deploy strategy to motivate candidates to sharpen their skills and stay up to date with emerging technologies in regions where such information is lacking.
IT recruiting is focused on IT hubs
Karnataka, Maharashtra, Tamil Nadu, Telangana, and Haryana are the states where India has concentrated its hiring efforts. The popularity of remote work policies and the development of the data services infrastructure have helped to fuel the rise of employment activities in Tier 2 and Tier 3 cities. In businesses that provide financial services and e-commerce, this is especially clear. For instance, Quess has placed experts effectively in Jaipur, Coimbatore, Indore, Kochi, Gulmarg, Siliguri, and other cities.
Demand for technical skills in the industry
The Information Technology (IT) sector (15%) emerges as the obvious leader when the distribution of technical skill demand across different sectors is analyzed. It is closely followed by the Banking, Financial Services, and Insurance (BFSI) sector (15%) and the digital engineering sector (13%). Additionally, the telecommunications and healthcare sectors have shown an increase in positive attitude. The oil and gas industry is under pressure to reconsider its business strategies and decision-making procedures to maintain its competitiveness as the focus of the globe shifts to renewable energy sources.
Businesses are using digital solutions in response to this issue in order to find new revenue streams, increase production efficiency, and lower operational costs. These businesses are able to optimize complicated operations and react quicker to market volatility, unanticipated interruptions, and other problems thanks to data analytics, artificial intelligence, and the Industrial Internet of Things (IoT).
