IT hiring has been cautiously treading water in recent months, with even major tech firms exercising restraint and rationalizing their workforce.
The global uncertainties and economic shifts brought about by the pandemic have prompted companies to adopt a “wait and watch” approach.
However, amidst this cautious climate, there’s a glimmer of optimism. According to insights from job search portal Indeed, the tide is turning in favor of IT professionals.
IT Hiring: The Persistent Demand for IT Professionals
Despite the challenges, the demand for IT talent remains robust. This is because technology doesn’t wait—it evolves.
Ongoing needs for updates, new features, and security patches drive the demand for skilled IT professionals. Advancements in artificial intelligence (AI), machine learning, and blockchain continue to shape the industry.
Companies recognize that staying competitive requires investing in digital infrastructure and supporting new projects.
Indeed predicts an 8.5% increase in IT hiring next year. While various roles are in demand, software-related positions dominate the landscape.
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Here are the top IT job titles currently sought after:
Application Developer: Responsible for creating and maintaining software applications.
Software Engineer: Involved in designing, coding, and testing software systems.
Full Stack Developer: Skilled in both front-end and back-end development.
Senior Software Engineer: Experienced professionals leading software development projects.
PHP Developer: Focused on PHP-based web applications.
Beyond the Basics: Emerging Roles
In addition to the familiar job titles, several emerging roles are gaining prominence:
.NET Developers: Working with Microsoft’s .NET framework.
Software Architects: Designing high-level structures for complex software systems.
DevOps Engineers: Bridging the gap between development and operations.
Data Engineers: Building and maintaining data pipelines.
Front-End Developers: Crafting user interfaces and enhancing user experiences.
Sashi Kumar, Head of Sales, Indeed India, says, “Recent quarters saw a slowdown in hiring, with companies exercising caution as they navigated through global uncertainties and economic shifts.”
Sashi added, “Now, the tide is turning. Companies are actively ramping up their hiring efforts. We can also expect global capability centers (GCCs) to significantly contribute to this uptick in hiring, particularly in software and technological roles.”
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What Tech Job Seekers Are Searching For
Job seekers are actively looking for roles that match their skills and interests. The top searches include:
Full Stack Developer: A versatile role that combines front-end and back-end expertise.
Software Engineer: A classic role that remains in high demand.
Front-End Developer: Focused on creating user-friendly interfaces.
Computer Operator: Responsible for managing computer systems.
Web Developer: Building and maintaining websites.
IT Hiring in India: Global Capability Centers (GCCs) Join the Fray
As the tide turns, global capability centers (GCCs) are expected to play a significant role. These centers, often established by multinational companies, contribute to the uptick in hiring.
Their focus on software and technological roles aligns with the industry’s needs.
As of FY24, India’s tech market size stood at $254 billion, with a 3.8% year-on-year growth and 5.6 million tech workforce, said the report, which is based on a survey that analysed primary data from 15,000 job roles across GCCs, IT services and non-tech sectors.
This was complemented by market research spanning 10 critical sectors, including banking, financial services and insurance (BFSI), auto and IT products.
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