By Niishtha Pandey
CNBC-TV18.com
Published Dec 29, 2023
The Indian hiring ecosystem in 2023 witnessed a mixed chain of reaction. The overall intent to hire decreased from 51% in Q2 FY22 to 36% by Q2 FY23
. Owing to global recession and shift in business synergies, the IT sector witnessed a dip during the initial quarters of this year.
In fact, in Q1 FY24, IT witnessed the sharpest contraction in headcount in the last three years as companies were experiencing the heat of the slowdown in projects.
Anticipations for 2024 are optimistic on both technological and non-technological fronts in the realm of hiring.
Overall hiring in the IT sector is expected to surge by 12-15% in CY 2024, especially due to the surge in GCCs and global economy settling down comparatively, according to data by NLB Services.
In 2024, expect a 10-12% surge in demand for AI/ML skills. As technology evolves, professionals adept in Artificial Intelligence and Machine Learning will lead the way.
The DevOps landscape is expected to see a 10-12% hiring boost.
A 12-15% increase in hiring is expected signaling the critical need for cybersecurity.
Blockchain skills will see a 8-10% rise in demand.
A 10-12% uptick is expected in cloud computing. Businesses are migrating to the cloud for scalability and flexibility,
A 12-15% surge is to be expected in UI/UX hiring reflecting the emphasis on user-centric design.
A 12-15% surge is to be expected in UI/UX hiring reflecting the emphasis on user-centric design.