Summary:

According to TeamLease Digital's analysis, fresher hiring is expected to grow by 40% in FY25, with wages up to 30% higher than industry standards due to the adoption of AI and cloud technologies. GCCs will drive this expansion, while IT services-particularly in software and data engineering—are projected to increase by 20-25%. Salaries for mid-level positions are rising by 7.89% to 10.2%, while demand for senior management positions is increasing by 21%.

According to the survey, there is an increased demand for AI, ML, and cloud infrastructure capabilities, with machine learning being required in 69% of data science job listings by 2024. India will require more than two million cloud experts by FY25. Upskilling in cloud computing, data analytics, and cybersecurity is critical for job advancement. While cities like Bangalore and Hyderabad offer higher wages, Tier II towns like Kochi and Coimbatore are emerging as key employment destinations due to rising talent pools.

Source: IBEF 

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