Due to the increasing demand for these profiles, and the shortage of experienced talent, companies led by GCCs (global capability centres) paid up to 30% higher salaries for these profiles, bringing the average pay appreciation to around 20% over 2023, staffing experts said.
"From 2023-2024, super-niche tech skills such as AI, ML, Cybersecurity, Data Science, and Blockchain experienced substantial pay increases, with compensation rising by 15-20%. This growth is primarily driven by the high demand for these specialised skills and the limited availability of qualified talent in these fields," Krishna Vij, vice-president, TeamLease Digital, said.
Apart from sectors like automobile and banking and financial services, segments like pharma/biotech, FMCG, and oil and gas emerged as significant hirers for these profiles.
This story is from the December 16, 2024 edition of Financial Express Pune.
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This story is from the December 16, 2024 edition of Financial Express Pune.
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