IT hiring remains muted in Q2 of FY24: Report
According to the business solutions provider Quess Corp, about 65 per cent of the aggregate demand emerged from Development, ERP, Automotive Design, Testing, and Administration skills.
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Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIn addition to these functional skill suites, incremental demand for skills related to Gen AI, Data Science, DevOps, Cloud, Automotive Engineering, Cyber Security, Networking Specialists and more were also noted in Q2.
«For the first time in recent history, large IT services companies have shown a decline in headcount and reduced guidance values, signalling a collective exercise of caution in navigating the future,» said Vijay Sivaram, CEO of Quess IT Staffing.
«Opportunities abound for those who invest in upskilling, with a notable shift in the way businesses operate, as over 85 per cent of Indian businesses plan to invest in AI within the next two years,» he added.
Moreover, the report mentioned there is a noticeable uptick in fresher demand within sectors such as Engineering, Manufacturing, Healthcare, and Retail.
Skills pertaining to Data Engineering, Development (Java, Angular), ERPs, Power BI, Network Engineering, Cybersecurity, and UI/UX are particularly sought after among early career professionals.
According to the report, the IT sector in India is experiencing a notable transformation as it expands beyond its initial technology hub, Bengaluru.
Emerging tech hubs like Pune, Hyderabad, Mumbai,
