Entry-level workforce across key sectors to earn better salaries: Report
Global Capability Centres (GCCs) and non-tech sectors, a report said on Thursday. The software development and engineering domain, which focuses on coding, designing, and maintaining software applications, is poised to offer lucrative opportunities, the report by TeamLease Digital said.
It said the increasing demand for Artificial Intelligence/Machine Learning (AI/ML) skills in software development to enhance productivity, accuracy, and innovation is further driving this trend.
As a result, entry-level positions in this domain are expected to see an average salary of Rs 9.37 lakh per annum in GCCs, followed by Rs 6.23 LPA in IT products and services, and Rs 6 LPA in non-tech sectors by the end of 2024-25, the report added.
The report by TeamLease is Digital is based on primary data from 15,000 job roles across GCCs, IT services, and non-tech sectors.
The report said, in cybersecurity and network administration domain, GCCs are expected to lead with an average salary of Rs 9.57 LPA, which is 40.12 per cent higher than their IT counterparts, showcasing the critical need for expertise in identifying vulnerabilities and mitigating risk exposure, while IT products and services may offer Rs 6.83 LPA, and non-tech sectors Rs 5.17 LPA.
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