Strong ER&D demand helps IT buck overall soft hiring trend
hiring prospects in the space by around 15% when recruitment in general continues to remain soft in India’s $250 billion IT services industry.
According to data from staffing firms, technology services providers are poised to ramp up ER&D recruitments to sustain and enhance their global competitive edge.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMIT xPROMIT Technology Leadership and InnovationVisitIndian School of BusinessProfessional Certificate in Product ManagementVisit“In FY24, there was a robust increase in hiring within the ER&D sector, marking a 10-15% rise compared to FY23 … Looking ahead, for FY25, we anticipate 12-15% growth in demand for ER&D professionals,” said Aditya Narayan Mishra, managing director and chief executive at recruitment firm Ciel HR Services.
Technology services companies want to have full-stack solutions and offerings as digital has a significant component of engineering services. Also, with the disruption caused by generative artificial intelligence, there has been a rush of software service providers including Infosys, Cognizant, Wipro and even smaller IT companies like Coforge, Happiest Minds Technologies and Xoriant to acquire pure-play ER&D firms to expand their capabilities, in turn also increasing competition in the segment.
Between FY19 and FY24, hiring in the ER&D sector had risen by about 40-50%, Ciel data showed.
“ER&D will need key future digital and industrial skills to meet
