• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: Sashi Kumar

Top AI Skills That Will Rule 2024 Job Market, according to Indeed

Bangalore, 27 June: Indeed, the leading global matching and hiring platform, today shared data on the most wanted skills for AI jobs in India. The top 5 skills most in demand are Machine learning, Python, AI core skills, Communication skills, and Natural language processing.

India’s AI market is experiencing explosive growth, with projections by Nasscom and BCG indicating it will reach USD 17 billion by 2027, driven by a 25 – 35% compound annual growth rate (CAGR). However, this rapid expansion is creating a significant skills gap, as companies struggle to find qualified professionals with the necessary expertise to implement and manage these evolving technologies. To bridge this gap and thrive in the AI era, it is crucial for job seekers to be aware of and acquire the most in-demand AI skills.

Indeed’s data mention that 42% of generative AI jobs in India mention “Machine learning”, while 40% ask for “Python” skills. Python is highly valued for its flexibility in AI and machine learning. AI core skills and communication skills are also sought after, appearing in 36% and 23% of job ads respectively. Other skills that are in demand are Natural language processing (20%), TensorFlow (19%), Data Science (17%).

Sashi Kumar, Head of Sales, Indeed India, said, “India needs to focus on improving skills to be a leader in global discussions about AI. Companies should help their workers learn more to keep up with the needed skills,” Kumar emphasized the importance of learning these skills for those interested in AI.

India Tops Global Chart in Confidence for Adopting Work Tech Innovations, Reveals Indeed Survey

India, 23 April 2024: Indeed, the leading global matching and hiring platform has today revealed its latest global report, ‘Tomorrow’s World: The Workplace and Workforce of the Future,’ shedding light on the evolving landscape of work and the impact of technology on the workforce. A key finding from the report reveals that 54% of workers in India predict a substantial shift in their roles within the next five years, with 95% expressing confidence in their ability to adapt to these changes.

Many future-of-work narratives focus on how tech and AI will totally upend our workplaces with the sheer pace of change risks leaving huge swathes of the workforce either ill‑prepared. However, the report indicates optimism from the Indian workforce.

Optimism Towards Technology and AI

India leads the way in fostering optimism towards technology and artificial intelligence (AI), with 75% of respondents expressing confidence in the transformative potential of tech advancements. Indian professionals are poised to leverage technology as a driver of innovation and efficiency across various industries. India’s zeal for tech and AI far outweighs any other nation such as Germany (41%), Canada (42%), and France. 44% of respondents also feel that more jobs will be created by the opportunities of AI than will be lost. Probed on what tasks and traits are best performed by mankind or machine, respondents said aspects such as data analysis, routine tasks, attention to detail, unbiased decision‑making, problem solving and content creation were performed better by AI than by people.

“India is at the forefront of embracing the future of work, driven by a profound belief in the power of technological innovation,” remarked Sashi Kumar, Head of Sales at Indeed India. “Our findings underscore a remarkable readiness among the Indian workforce to adapt and evolve. This isn’t just about adapting to new technologies; it’s a testament to a broader cultural shift towards lifelong learning and inclusivity. India’s proactive stance on diversity and continuous skill development is not just setting a benchmark but also inspiring a global movement towards a more innovative and inclusive workplace.”

Employees in India have adopted a proactive stance towards career learning and development to adjust to forthcoming shifts in the workplace with 53% having upskilled to develop longer-term skills and learning in the last three years. Two‑thirds (67%) of Indian workers have regular training opportunities, the highest among all nations surveyed.

India is a bright spot for diversity and inclusion

India paints a positive picture when it comes to diversity, equity and belonging (DEIB) policies. Companies here are almost twice as likely to have a diversity and inclusion lead than in the Netherlands and UK, where only 35% have this and in Germany where it is 30%. Likewise, 60% of Indian firms do unconscious bias training, an initiative that is vastly less common across Europe. This makes India the leaders in the space with respondents most likely feeling that their company leaders are committed to DEIB.

Indians also foresee a bright future when it comes to the impact of AI on DEIB, with more than 7 in 10 respondents expecting tech to empower business leaders (78%), them personally (75%), employees in their country (73%), their colleagues (74%) and their industry peers (72%).

Methodology:

This survey was conducted online across 11 countries by YouGov on behalf of Indeed from 30th November to 21st December 2023, among 16,671 members of the working population. This comprised 9,592 employees, 4,592 employers/managers and 2,487 HR decision-makers. A broadly similar distribution was followed across the 11 countries surveyed.

Disclaimer: Information in this release is for informational purposes only. While we aim for accuracy, we can’t guarantee completeness or suitability for specific purposes. Reliance on this information is at your own risk.

 

Top trends that defined how India worked in 2021

In a year that was characterized by despair, hope, resurgence, and expectations of a return to normal, India’s hiring activity witnessed interesting green shoots. As the economy recovered from the aftermath of two consecutive COVID waves, businesses stabilized and expanded their operations. Propelled by government initiatives like Atmanirbhar Bharat, many industries witnessed rapid growth, creating job opportunities. While the digitization of businesses kept the demand for tech jobs steady, many unique roles emerged.

In 2021, India’s hiring, and talent ecosystem was buzzing with activity. Indeed, the world’s #1 job site reveals the most interesting trends that defined the dynamics of job search this year.

As India returned to normalcy after a long spell of pandemic and lockdowns, Indeed observed a high demand by organizations for unique roles such as Professor, Loan officers, Recruitment managers and Packagers. Data indicates that job postings for the role of ‘professor’ witnessed a massive jump of 2,448% between December 2020 and December 2021. There was a similar interest from job seekers for this role as clicks for ‘’professor’ too saw an increase of 1,576%.

The recovery in economic activity seems to have benefited the BFSI sector too. This reflected growth in postings for jobs such as ‘Credit Manager’ (496%), ‘Loan Officer’ (189%), and ‘Branch Manager’ (186%). Postings for tech jobs such as ‘Senior Software Engineer’ (70%), ‘Software Engineer’ (33%) and ‘Full Stack developer’ (10%) witnessed a steady growth during the same period.

Once the Covid 19 vaccination drive got underway, companies and employees were better prepared to face the challenges posed by the pandemic compared to the previous year. This is reflected in a surge in job seekers’ interest in roles such as ‘Event coordinator’ (715%), ‘Presenter’ (562%), ‘Taxi driver’ (499%), and ‘Customer service supervisor’ (475%). It clearly indicates that people started getting back to the new normal and look beyond the pandemic.

Job postings for roles such as ‘Order Processor’ (-70%), ‘call centre representative’ (-61%), ‘Collection agent’ (-59%), ‘Machine operator’ (-59%) witnessed degrowth during December 2020 and December 2021. Some skilled labour roles such as ‘fitter’ (-55%) and ‘welder’ (-52%) also declined in the same period largely due to COVID restrictions and migration of such talent back to their hometowns.

Indeed also saw a dip in job postings like ground staff’ (-94%), ‘horticulture manager’ (-80%), ‘procurement assistant’ (-75%), ‘floor supervisor’ (-71%) and ‘materials manager’ (-71%) saw significant degrowth between December 2020- December 2021.

In what can be seen as a silver lining, technology organizations increased freshers’ postings and Indeed’s report on Freshers’ hiring indicated that the number of freshers seeking jobs (searches) had seen a 30% YoY increase in October 2021 compared to October 2020. In 2021, most job seekers enthusiastically looked for work portfolios such as software engineers and full-stack developers while other business function roles like sales representatives and business development executives.

While Work from Home, digitization, automation, and lockdown had their merits and challenges for India, the big three cities viz. Bangalore, Mumbai and Hyderabad continued to remain the top cities searched for jobs among the job-finders and jobseekers. Pune and Chennai followed, both have always been centres where hiring and job searches have attracted talent from across the country.

Sashi Kumar, Head of Sales, Indeed India, said “Right now we might have to wait and watch to understand what will be the next big thing for the industry in 2022 and beyond. But, our data shows India Inc’s inclination towards the relevance of tech jobs remains steady. With continued reliance on technological solutions to meet the needs for shopping, remote working, and learning. Some of these trends will continue to rule in 2022.