Today, most Indian companies, regardless of sector, are strengthening their IT capabilities. Banks are forced to do this because customers prefer to transact on apps or online.
A major public sector bank recently said it is preparing to become a major IT powerhouse. A few days ago, Dabur became the first Indian FMCG company to complete its cloud migration. Earlier this year, Boeing announced it would open its new and second largest campus outside its global headquarters in Virginia, at the Aerospace Park in Bangalore. Today, most Indian companies, regardless of sector, are strengthening their IT capabilities. Banks are forced to do this because customers prefer to transact on apps or online.
All of this creates many work opportunities for software professionals, especially at a time when the IT services industry is facing an uncertain global environment. Unlike in the past, the majority of tech-related job opportunities posted on job boards today come from non-tech companies.
Prasadh M S, head of workforce research at Xpheno, told FE that there are currently just under 90,000 active tech job postings across the country, across both tech and non-tech sectors. “About two-thirds of this comes from the non-tech sector,” Prasadh observes.
India Inc focuses on IT and hires more technicians
Today, most Indian companies, regardless of sector, are strengthening their IT capabilities. Banks are forced to do this because customers prefer to transact on apps or online.
Prasad MS, head of workforce research at Xpheno, told FE that there are currently just under 90,000 active tech job openings nationwide, across both tech and non-tech sectors . “About two-thirds of this comes from the non-tech sector,” Prasadh observes. A major public sector bank recently said it is preparing to become a major IT powerhouse. A few days ago, Dabur became the first Indian FMCG company to complete its cloud migration. Earlier this year, Boeing announced it would open its new and second largest campus outside its global headquarters in Virginia, at the Aerospace Park in Bangalore.
Source www.indianexpress.com
Today, most Indian companies, regardless of sector, are strengthening their IT capabilities. Banks are forced to do this because customers prefer to transact on apps or online. All of this creates many work opportunities for software professionals, especially at a time when the IT services industry is facing an uncertain global environment. Unlike in the past, the majority of tech-related job opportunities posted on job boards today come from non-tech companies.
Prasadh M S, head of workforce research at Xpheno, told FE that there are currently just under 90,000 active tech job postings across the country, across both tech and non-tech sectors. “About two-thirds of this comes from the non-tech sector,” Prasadh observes.
Varun Sachdeva, senior vice president and head of APAC at NLB Services, commented that his company currently has about 55-60% of professionals from outside the technology sector. In the past we used to see 75-80% of technology employees being recruited to IT companies, said Sachdeva, adding that there has been a marked change in the last nine months. NLB welcomes about 1,000 to 1,200 professionals each month, of which about 50% go to non-tech fields. Gaurav Vasu, founder of UnearthInsight, estimates demand for tech talent in non-tech companies is expected to grow 9-10% in fiscal 2024. “Wages are growing 12 to 14% in these companies. IT companies are expected to increase salaries and the pace of external hiring to slow down to 6-7% and 10-15% respectively,” Vasu told FE.
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