The hiring climate seems to be improving in oil & gas, some segments of information technology and for senior managers. The JobSpeak Index for March showed hiring in oil & gas rising 22% over the previous year. Demand for AI and machine learning roles grew by 12% over March 2023. Within the artificial intelligence (AI) and machine learning (ML) space, the role of ML engineer saw the highest hiring demand, with a 82% growth YoY. Full stack data scientists were also in demand, with a growth of 20%.
Corporate India is increasingly embracing neurodiversity at the workplace, hiring people with autism, dyslexia, and ADHD. Companies including SAP, EY, and Publicis Sapient are backing better neurodiversity inclusion through tailored programs and targeted hiring efforts via tie-ups with NGOs, special schools, and specialized hiring platforms.
Despite progress, challenges and biases still remain in getting more women into leadership roles in corporate India. This article highlights the positive trends and the obstacles faced by women in the workforce. It also offers recommendations to address gender bias in hiring and create a more inclusive working environment.
India’s $250 billion IT sector is expected to experience flat salaries and subdued hirings in 2024 due to global headwinds. Average salary appraisals for this year are projected to be similar to those of 2023, with most companies deferring increments. The focus in the IT sector is on stabilizing headcount, and it is expected to register flat or negative growth in headcount this year. Large MNCs recently completed their round of hikes, accounting for an average increase of 7% in most roles.
State-run banks have urged the government to relax the cap that stops them from hiring more people for middle and senior-level management positions, saying it will boost efficiency.
According to a survey by Manpower Group, employers in India expect measured hiring rates in the coming months. The study reported a net employment outlook of 37% for the upcoming quarter, with 49% of companies anticipating an increase in hiring. The information technology sector remained the top sector for hiring, followed by transport, logistics, automotive, healthcare, lifesciences, consumer goods, and services industries.
The workforce in telecom service providers involved in artificial intelligence and machine learning (AI/ML) has grown from 7% to 20% due to the 5G rollout. This proportion is expected to reach 23% by 2024. AI/ML roles in the telecom industry include network security and customer service. The demand for AI/ML professionals is high in different sectors apart from telecom. Telcos like Reliance Jio and Bharti Airtel have ramped up their focus on AI/ML with the rollout of 5G services.
