TECH CHALLENGES FOR JOBS
Is AI enough for a job at GCC? Companies now train freshers for real-world experience
Aspirational graduates in healthcare technology fuel innovation with a focus on evolving healthcare solutions. Freshers receive in-depth exposure through apprenticeship models, fostering understanding of long-term career paths beyond immediate project work in GCCs.
MSME Day 2024: Participation of women in MSMEs increases but challenges remain
MSME Day 2024: While the role of women has increased significantly in India’s MSME set-up, certain challenges remain which need to be soon addressed. Notably, the women-led MSMEs play a critical role in this set up. They contribute significantly to employment and investment.
Indians less worried, more optimistic about AI impact on work: Report
A Boston Consulting Group report has found that Indians are more confident than worried about the impact of artificial intelligence and generative AI on their work, with 54% evincing confidence compared to only 13% showing signs of anxiety. The report, based on BCG's AI at Work 2024 report, found that 42% of respondents globally reported confidence about AI and GenAI's impact on their work, compared to 26% last year.
Amazon & Google suspending green card applications: Why EB-5 visa a perfect fix for H-1B challenges and tech layoffs
The EB-5 visa program provides stability, job creation, and a streamlined immigration process, making it a reliable alternative for those facing uncertainties in the tech industry. With a direct path to green card status and economic growth opportunities, EB-5 offers a secure pathway to permanent residency.
Job retention confidence of Indian professionals plummets to 62% vs 71% a year ago: Great Learning report
Job retention confidence among Indian professionals dropped to 62% in FY25 due to technological disruptions, macroeconomic uncertainty, and layoffs, as per a study by Great Learning. Entry-level professionals are less confident, with 79% emphasizing the importance of upskilling.
Nearly nine in 10 recruiters use AI for sourcing candidates: Survey
India Inc. is grappling with a shortage of workers skilled in AI, despite over half of recruiters being prepared for AI adoption. Lack of knowledge or training is cited as a major barrier, emphasizing the need for educational initiatives to bridge the skills gap. A survey from Talent500 indicates a strong inclination among companies to incorporate AI-driven tools into their recruitment processes.
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New-age job roles: How India can engineer a future beyond software
With nearly 1,600 international corporations operating captive units, 1.7 million highly educated professionals are employed. It might theoretically increase its pool of relevant talent if it made a concerted effort to improve both the number and calibre of the more than 2.5 million Ph.D.s and graduates in science, technology, engineering, and medicine that India produces each year.
Eyeing a healthcare career? Here are the trending roles, skills and pay brackets you should know
The Indian healthcare sector is booming, becoming an economic backbone with opportunities in healthtech and insurtech. High-end technology has opened doors for new careers, emphasizing the importance of specific skills for success in the evolving industry.
Tech leader moves from Singapore to Bengaluru after 7 successful years to expose daughter to 'chaos'
Aakash Dharmadhikari, co-founder of Realfast AI, moved from Singapore to Bengaluru after seven years to introduce his daughter to life's uncertainties. Reflecting on his time in Singapore, he humorously admitted forgetting the chaos of India. Dharmadhikari began his career in Bengaluru before relocating to Singapore in 2017. His decision sparked varied responses, highlighting challenges and support for his return to Bengaluru, symbolizing a shift towards embracing life's unpredictability.
Freshers, take note: Data proficiency is becoming the key to multiple career opportunities
Data analysis is a crucial skill valued by employers across industries. It involves extracting insights from raw data using statistical tools. Lokesh Nigam and Krishna Kumar emphasize its importance in decision-making and career growth.
India’s five big IT firms see net exit of 25,000 women in FY24
The data analysis by staffing firm Xpheno revealed that five of India's top IT services companies - Infosys, TCS, Wipro, LTI Mindtree, and HCL Tech - have seen a collective net exit of 25,000 women in the year ending March. Despite an increase in the total number of women employed by these firms from 374,000 in March 2020 to 540,000 in March 2023, the diversity ratio has only seen a marginal growth of 0.9 percentage points during this period.
Global capability centres seek to increase female representation in tech roles
Data from Quess Corp indicates that the presence of women in global capability centres (GCCs) has slightly increased to 30% in FY24 from 26.6% in FY20. However, there remains a significant gap in women's representation in mid and senior-level roles, leading to talent shortages. A report by Pure Storage and Zinnov reveals that only 6.7% of women hold executive positions in GCCs, with even lower representation at the senior level (15.7%).
Talent-hunting tech rivals circle around vexed LTIMindtree
LTIMindtree was born out of the merger between L&T Infotech and Mindtree in November 2022. Analysts have attributed this to integration pains. CEO Debashis Chatterjee has said it’s business as usual.
South India, led by Bengaluru and Chennai, spearhead India's tech talent surge
Among functional skills, development (35%) held the highest share of tech hiring demand: Quess Corp Annual Digital Skills Report FY24.
SBI's 85 pc hires to be engineering grads in FY25
SBI plans to onboard around 12,000 freshers in FY25, with 85% being engineering graduates. Chairman Dinesh Khara emphasizes no bias towards engineers, focusing on training for various business and IT roles. SBI invests heavily in tech training to meet increasing sector demands and regulatory standards, ensuring staff stay ahead in technology.
Retailers to continue hiring in 2024, focus on tier 2, 3 cities : Report
In 2024, retail jobs surge with the operationalization of brands expanding from 2023, driving demand by 15-20%. E-commerce, despite startup leadership, faces hiring challenges. Logistics saw a dip. Retailers target fresh grads (52%) and experienced pros (38%). Tech adoption, sustainability, and skill development are key industry trends amid exponential e-commerce growth.
Kotak Mahindra Bank plans to hire 400 engineers to ramp up tech transition
The lender, backed by billionaire Uday Kotak, has already brought on board more than 500 engineers from scratch over the last two years, according to Milind Nagnur, the bank’s chief technology officer. It has pulled them from firms like Google and Amazon.com Inc. as well as from Paytm and PhonePe Pvt., Nagnur said in an interview.
Easing FDI norms in space sector to attract foreign players, boost demand for high-tech jobs
Sreeram Ananthasayanam, Partner, Deloitte India, said that the recent amendment of higher FDI limits in the space sector is a significant step towards transforming India's space program, in terms of infrastructure development.
Easing FDI norms in space sector to attract foreign players, boost demand for high-tech jobs
The government's decision to ease FDI rules in the space sector is expected to attract foreign players, boost tech jobs, and foster innovation. The move enables 100% foreign investment in satellite components, supporting infrastructure development and creating new business opportunities.
Influencer predicts tough times ahead for techies, says software engineering no longer a guarantee of success and wealth
Tech engineering faces challenges with mass layoffs by tech giants like Microsoft and Google, prompting Deedy Das, a prominent tech influencer, to warn of an impending "winter" for the industry. Despite technological advancements, job opportunities dwindle, with startups favoring experienced hires over fresh graduates. Deedy highlights AI's threat to traditional roles, signaling a prolonged period of uncertainty in tech engineering's future.
Hiring sees green shoots in IT, oil & gas and senior roles, shows Naukri index
Naukri’s JobSpeak Index shows positive trends in hiring for oil & gas, IT, and senior managers. Demand for experienced professionals and AI/ML talent is on the rise, with notable growth in key cities and sectors.
Contemplating a career in cybersecurity? Check out the in-demand skills, roles, and pay
The rise in technology has brought about a surge in cyberattacks, emphasizing the critical need for robust cybersecurity measures. With a shortage of professionals globally, the industry is witnessing high demand for roles such as security analysts, data scientists, and incident responders.
'Things are changing': Google search's chief highlights challenging times ahead for employees
At a recent Google all-hands meeting, search leader Prabhakar Raghavan addressed the tech giant's evolving landscape. Donning a hoodie with the slogan "We use Math," Raghavan emphasized the need for adaptation, foreseeing challenges in maintaining ad growth. With sports metaphors and motivational calls, he stressed faster adaptation amidst increased competition and regulatory complexity, outlining plans to establish teams in key markets like India and Brazil to address these challenges.
Tech jobs dwindle with India's top IT firms cutting workforce by 64,000
With Infosys predicting a meagre 1% to 3% annual revenue growth and Wipro predicting a likely 1.5% revenue decline in the June quarter with a remote probability of a 0.5% increase, the picture for the current fiscal year is similarly dismal. For recent engineering graduates looking for work in the field, these developments are concerning.
Eyeing a career in robotics? Understand the roles, skills and pay in this emerging industry
The robotics industry's exponential growth offers promising career prospects in various roles like robotics engineer, researcher, and technician. Specific skills, educational backgrounds, and training are essential to excel in this dynamic field, ensuring competitive pay structures for entry-level positions.
Women in tech workforce in GCCs to rise to 35% by 2027 from 25% now: Report
The rise of women in tech to 35% by 2027 in global capability centers, highlighting in-demand roles and challenges faced. Efforts are needed to bridge the gender gap and provide equal opportunities for women in tech.
Job openings: Entry-level tech hiring takes a hit; campus placements may fall over 50% this year
Over the previous few years, India's IT job market has seen a gradual fall in entry-level positions; this year, a further decline is projected, along with fewer hirings from colleges. Although there have been modest increases in hiring activity, the true momentum could not show up until the second half of the year.
How companies are addressing employee burnouts in tech segment
The IT sector poses health challenges due to long work hours, affecting professionals' well-being. Solutions include promoting work-life balance, providing mental health support, and organizing physical fitness activities to ensure employee health and productivity.
Most Indian accountants overwhelmed by tech change pace, finds ACCA survey
The Global Talent Trends Survey 2024 by the Association of Chartered Certified Accountants (ACCA) reveals that 60% of Indian finance professionals feel overwhelmed by the pace of technological change. The survey gathered responses from 10,000 professional accountants in 157 countries, exploring concerns and aspirations regarding work. The talent crunch continues, with over half of Indian respondents expecting their next career move to be external. Key workplace issues such as the cost-of-living crisis, hybrid working, mental health, and diversity were also addressed.
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