For instance, those skilled in generative AI (artificial intelligence) like ChatGPT, BARD, and Ernie, or a combination of full stack developers equipped in Snowflake skills or big data, are in high demand. In fact, the demand and supply crunch along with 20% plus attrition is prompting IT companies to hire candidates for backfills, as well as for fresh positions.
"There are around 20,000 open positions for AI, ML, data engineers at any given point of time on our sites. Companies are automating parts of their businesses where they need product developers and special skillsets," said Saran Balasundaram, founder, HanDigital a tech recruitment firm.
Hikes offered by unicorns and IT firms range 100-150% despite the slowdown and hiring freeze in many firms, Balasundaram added.
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