'The Skills Report': 78 percent of IT jobs require the following five technical skills
The need for personnel with technical capabilities such as SAP, development, automotive design, testing, and infrastructure support increased in the first quarter of the current fiscal year (Q1 FY24), according to a report by Quess Corp, a prominent business solutions provider. ' The Skills Report' also provides insights into the technological skills that will enable India's future workforce.
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According to the report, development positions (28 percent) were the functional skill suites with the highest intent-to-hire in Q1FY24.
According to the research, demand for SAP (16%) expertise has continually remained high, particularly in the consultancy and GCC (Gulf Cooperation Council) customer areas.
The worldwide and Indian automotive industries are experiencing a boom in talent need, with automotive design (14 percent) ranking among the top skills in demand. Furthermore, there is a 12% growth in demand for testing abilities in both manual and automated domains.
Demand for IT infrastructure support skills (8 percent) remains steady across multiple industries, spanning both L1 and L2 assistance.
India's IT sector (15%) had the biggest percentage of tech talent demand, followed by banking, financial services, and insurance (15%) and digital engineering (13%). Sentiment in the telecommunications and healthcare industries has also improved.
IT centres in the southern and western states of Tamil Nadu, Karnataka, Telangana, and Maharashtra dominated hiring activity across India, with Haryana standing out in the northern region. Furthermore, recruiting is increasing in tier 2 and 3 cities, particularly in e-commerce and financial services sectors.
With macroeconomic headwinds hitting the US and Europe, the IT services sector is experiencing a 25-30% decline in hiring. However, with GCCs speeding up talent acquisition and estimating a projected staff strength of 1.4 million, recruiting is likely to climb by 10%, according to Vijay Sivaram, CEO of Quess IT Staffing.
Our country is currently at the forefront of global technological breakthroughs, owing to superior demographics and a highly educated STEM talent pool. The Indian stock markets continue to outperform, indicating investor confidence in our burgeoning technology industry.
Upskilling across industries has been implemented as a method to address the rising skill gap among employees.
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