AIM Research’s Post

India’s IT sector is gearing up for a significant surge in hiring to meet the escalating demand for services! 🚀 IT giants are planning to onboard 40,000 to 50,000 new employees to cater to the expanding needs of the domestic IT market. 💼 TCS CEO Krithivasan highlighted the growing importance of the domestic market, emphasizing India's potential as a third pillar of growth alongside other key regions. 🌍 In Q1 of FY25, TCS witnessed a notable increase in India's contribution to total revenues, reaching 7.5% compared to 4.9% in the same quarter the previous fiscal year. 💰 According to IDC, IT spending in India is projected to rise by 11% to $44 billion in 2024. To seize this growth opportunity, IT firms must enhance their talent pool within the country. 📈 Recruitment experts foresee challenges in finding the right talent due to evolving technology roles driven by Generative AI. Sachin Alug, CEO of NLB Services, noted that candidates are drawn to multinational companies and Global Captive Centers for reasons such as better pay, learning opportunities, and global exposure. 💡 The economy is forecasted to grow by 7% in FY25, with the IT industry anticipating an 8-10% increase in hiring throughout the calendar year. 📊 Professionals in AI-related roles including chief AI officer, data analyst, AI governance policy analyst, AI product manager, AI solutions architect, and ML engineer are witnessing a surge in demand. 🤖 Companies are offering salaries 56% higher than the average to attract skilled candidates for these positions. 💸 #ITIndustry #HiringTrends #IndiaIT #TechJobs #AI #ML #CareerOpportunities

AI Talent Recruitment Challenges in India: High Salary Expectations as a Major Obstacle A recent survey highlights a significant challenge in the AI talent market in India: high salary expectations. According to the report by US-based payroll firm Deel, 66% of the 250 organizations surveyed pointed to high salary demands as the primary hurdle in recruiting AI talent. This issue is particularly affecting 132 companies across technology, finance, and manufacturing sectors. As the demand for AI expertise continues to grow, companies are finding it increasingly difficult to locate candidates with the right skills while meeting their salary expectations. The gap between the rising demand for AI talent and the availability of suitable candidates remains a critical challenge for businesses in India. #AITalent #RecruitmentChallenges #TechIndustry #FinanceSector #Manufacturing #HiringTrends #IndiaJobs #ArtificialIntelligence

Firms across India Inc are on an aggressive hiring spree for talent with artificial intelligence (AI) skills, prachi verma reports for The Economic Times. AI experts at the mid to senior levels are in demand. Head of AI, Head of Data Sciences, Head of Platform Engineering, and Head of Gen AI are the most sought-after job profiles, with candidates having two to three offers to choose from at a time, says Jai Ballani, Senior Partner at executive search firm Korn Ferry. In fact, quite a few firms have made appointments in these profiles recently, like SAP Labs India, Blackstone, Xebia, Adani AI Labs, and Yotta Data Services, the report says. The number of senior and leadership positions in AI has doubled in the last year and the demand isn’t just limited to tech companies, says Krishna Vij, Vice President at TeamLease Digital. The healthcare, retail, energy, manufacturing, cement production, and consulting sectors are looking for AI talent. Meanwhile, the surge in demand for such professionals is being reflected in skyrocketing salary expectations, Surakha P writes in another report for The Economic Times. For close to seven in 10 firms in India, high salary expectations are proving to be a roadblock in hiring AI talent, according to a survey by Deel and Rakuten. In fact, four in five of the 250 companies surveyed are only looking to hire within India, primarily in the finance, manufacturing, and tech sectors. Candidates are looking for salary hikes of 50% and offers even upwards of ₹3 crore annually are being made for AI leadership talent, say executive search firms. Source: The Economic Times - https://lnkd.in/dQA83p-H, https://lnkd.in/dqtSpQ6e ✍: Abhiraj Ganguli 📷: Getty Images #AI #AITalent #AISkills #Hiring #IndiaInc

AI and Generative AI is the next big thing set to revolutionize the tech world with its impact seen across all domains. The LinkedIn job pulse also reflects the same. Upskilling and creative implementation will get a clear leverage in the job market as organizations try to harness its potential in the next few years. The chart shows the kind of competencies organizations would seek to drive innovation and maintain a competitive edge. This shift underscores the importance of adapting to emerging trends and continuously enhancing one's skill set to remain relevant and valuable in an evolving landscape. https://lnkd.in/duFwzVba 1. If you are already a professional working in any of the top 10 identified areas, how would you rate yourself on the scale of 1-5, 1 being novice to 5 being an expert? 2. If you work on technologies other than these, which skill would you consider for upskilling yourself out of the top 10 mentioned? #AIHiringForecast #TopAISkillsInDemand

The rising demand for AI talent across industries is such an exciting development! It's no longer just tech companies seeking AI experts—industries like healthcare, energy, manufacturing, and even cement production are realizing the potential of AI to transform their operations. What’s even more interesting is the increasing number of senior AI roles available, from Head of AI to Head of Gen AI. This shows how vital AI leadership is becoming for driving innovation and growth. While higher salary expectations are creating some hiring challenges, this also reflects the value that companies are placing on top AI talent. As the competition for AI professionals heats up, companies have an opportunity to go beyond just competitive salaries. Fostering a culture of continuous learning and upskilling, along with offering growth opportunities, will be key to attracting and retaining the best minds in AI. It’s a great time for those with AI skills to shape the future across a wide range of industries! #AI #TalentDevelopment #FutureOfWork #Innovation #AIGrowth #ExcitingTimes

Very interesting read this - #India has a booming #engineering talent ecosystem, concentrated around Bengaluru, Delhi and Mumbai. Many US-based companies find it easier to recruit high-quality and lowest cost talent, and those wages drive compensation from an increasing number of Indian startups. In the US, over time there’s been a big push for salary and compensation (often referred to in India as “package”) particularly with products like levels.fyi. Legacy products like Glassdoor and Payscale are wildly inaccurate. In this article, we analyze a high fidelity dataset of 25,000 people’s salary information containing: Years of Experience Salary Variable Salary / Bonus Equity / Stock-based compensation Company Name(s) https://lnkd.in/g92xuFeV

Exciting Times Ahead for Tech Enthusiasts! 🚀 As a final-year engineering student, it's encouraging to see the tech and IT hiring landscape picking up pace after a slowdown. According to The Economic Times, tech hiring has increased by 3-5% month-on-month, with significant demand for specialized skills in cloud computing, AI, ML, and cybersecurity. This is a fantastic opportunity for freshers like me to dive into a dynamic and evolving industry. The growth in engineering, research, and development (ER&D) services, with a predicted 12-15% surge in demand, further underscores the importance of honing our skills and staying updated with industry trends. The rise of Global Capability Centres (GCCs) as major recruiters is particularly exciting, offering fresh graduates a chance to contribute to global projects right from India. I'm looking forward to exploring these opportunities and connecting with professionals who can guide and mentor me through this journey. Check out the full articles for more insights: Tech and IT hiring is picking up https://lnkd.in/egVkW5SZ  Increased tech hiring trends https://lnkd.in/eYRGpu26 GCC hiring demand https://lnkd.in/gtdEgphC The Economic Times TeamLease Services Limited Xpheno Quesscorp EY LinkedIn LinkedIn News India Xpheno Google Cloud - Minnesota IBM Cloud OpenAI NVIDIA AI Palo Alto Networks Cisco Google Google Developers Group Google for Developers Google DeepMind #TechHiring #Engineering #JobSearch #Freshers #AI #CloudComputing #CyberSecurity #ERD #GCC #linkedin #linkedinnews #theeconomictimes #googlecloud #gcp

Why Tech Hiring Is Accelerating: Trends and Insights #FinanceWrapIndia #LinkedInNewsIndia In the ever-evolving outlook of technology, the demand for skilled professionals continues to surge. As we step into the second half of 2024, several factors are driving the rapid acceleration of tech hiring. Let’s delve into the key trends and insights shaping this phenomenon. 1. Digital Transformation and Industry Shifts The Digital Imperative Businesses across sectors are enfolding digital transformation to stay competitive. Whether it’s adopting cloud solutions, implementing AI-driven processes, or enhancing cybersecurity, organizations recognize the need to evolve. Consequently, they’re actively seeking tech talent to drive these initiatives. Emerging Industries Industries like fintech, healthtech, and edtech are experiencing explosive growth. Startups and established companies alike are expanding their teams to innovate and disrupt traditional models. As a result, roles in software development, data science, and UX design are in high demand. 2. Remote Work and Global Talent Pools The Remote Revolution The pandemic accelerated the acceptance of remote work. Companies now realize that talent isn’t confined to geographical boundaries. Remote positions allow them to tap into global talent pools, leading to increased hiring. Tech professionals can work from anywhere, contributing to a more diverse workforce. Cross-Border Recruitment Companies are actively recruiting internationally. They’re leveraging platforms, virtual job fairs, and AI-driven tools to identify top talent across borders. This trend not only widens the talent pool but also fosters cultural exchange and collaboration. 3. Skills Shortage and Upskilling Initiatives The Skills Gap Despite the surge in demand, there’s a shortage of skilled tech talents. Companies are competing for the same talent, leading to fierce hiring battles. Specialized skills like machine learning, blockchain, and DevOps are particularly sought after. Investment in Upskilling To bridge the skills gap, organizations are investing in upskilling programs. They’re partnering with educational institutions, offering internal training, and encouraging continuous learning. Upskilled employees become valuable assets, reducing reliance on external hires. 4. Diversity and Inclusion Efforts Prioritizing Diversity Tech companies are actively addressing diversity and inclusion. They recognize that diverse teams drive innovation and better problem-solving. Initiatives to hire more women, minorities, and individuals from underrepresented backgrounds are gaining momentum. Inclusive Hiring Practices Companies are reevaluating their hiring processes to eliminate bias. Blind recruitment, diverse interview panels, and mentorship programs are becoming standard practices. The goal is to create an inclusive environment where everyone can thrive.

As tech and IT hiring picks up, both job seekers and employers need to adapt to the evolving landscape to make the most of the opportunities ahead. #TechHiring #ITHiring #TechJobs #CareerGrowth #JobMarket #TechIndustry #RemoteWork #Upskill #DiversityInTech #HiringTrends #ITCareers

The staffing landscape in India is evolving faster than ever. Let’s dive into key data and trends that are redefining hiring practices in 2025. 1️⃣ Temporary Staffing Growth: India's flexi-staffing industry is projected to grow at a 14-16% CAGR, reaching over 6 million workers by 2025, driven by cost efficiency and regulatory reforms. 2️⃣ Tech-Driven Recruitment: With 67% of Indian companies already using AI for hiring, the adoption of data-driven recruitment methods is expected to rise significantly. 3️⃣ Demand for Niche Skills: IT, engineering, and healthcare dominate hiring, with a surge in roles like AI specialists, data scientists, and cybersecurity experts. Over 70% of demand comes from these sectors. 4️⃣ Gig Economy Expansion: India’s gig workforce could grow to 23.5 million by 2025, driven by millennial and Gen Z preferences for flexible work arrangements. 5️⃣ Upskilling Initiatives: Companies are investing heavily in reskilling programs, with over 48% of organizations emphasizing training in emerging technologies like cloud computing and blockchain. Explore how Abacus can guide you through this evolving landscape. Follow us for more such updates! ✅ #abacus #compliancematters #abacusindia #staffingandservices #staffingsolutions #workforcesolutions #staffingindustry