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 specialized 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.
Bu hikaye Financial Express Mumbai dergisinin December 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Mumbai dergisinin December 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
IIT-Madras to offer fine arts, culture courses
IN A FIRST for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
The world's busiest airline routes in 2024 are largely in Asia
Leisure continues to outshine corporate trips
Panel suggests LS elections template for entrance tests
DRAWING PARALLELS WITH the conduct of general elections, a high-level committee—set up by the Education ministry and chaired by former ISRO chief K Radhakrishnan—has proposed a similar framework for holding important national entrance tests to ensure transparency.
DPIIT inks pact with HDFC Bank
THE DEPARTMENT FOR Promotion of Industry and Internal Trade (DPIIT) on Tuesday said it has inked pacts with HDFC Bank and Tally Solutions to help startups grow.
Siddique murder: Court sends accused to police custody till Dec 20
A SPECIAL COURT in Mumbai on Tuesday remanded five accused arrested in NCP leader Baba Siddique's murder case to police custody till December 20 after investigators said they need to interrogate them about an absconding accused and the weapons used in the crime.
PM: Cong fanned water disputes among states
FIRST ANNIVERSARY OF BJP GOVT IN RAJASTHAN
SME IPOs fetch rich returns in Dec
THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.
KYC masking to go live on Jan 20
IN A MOVE that provides relief to financial institutions, the Central KYC Records Registry has extended the deadline for masking Know Your Customer (KYC) documents to January 20 next year.
Trudeau govt adrift after FM quits, Trump tariffs loom
The abrupt resignation of Canada's finance minister leaves the government adrift less than a month before the inauguration of a new US administration that could impose crippling sanctions on Canadian exports.
Broadcom's 'Nvidia moment' has arrived. Now it needs to deliver
Broadcom's massive rally after last week's earnings report is reminiscent of when Nvidia Corp. shares first started to take off back in 2023.
