TeamLease Digital's latest report highlights a remarkable 40% surge in fresher hiring for FY25, showcasing the dynamic shifts in the job market as companies rapidly adapt to emerging technologies. This hiring boom is particularly driven by the adoption of artificial intelligence (AI), machine learning (ML), and cloud technologies, underscoring the industry's pressing need for skilled professionals.

Sector-wise Hiring Insights

Global Capability Centers (GCCs) are anticipated to lead this hiring growth, with a 40% increase in fresher hiring compared to last year. The IT services sector is also on a robust growth trajectory, expecting a 20-25% rise in hiring, especially focused on roles related to software development, data engineering, and cloud technologies.

Mid-Level and Senior Roles Demand

The report indicates that mid-level roles like project managers and data scientists continue to experience steady demand. Salaries in these positions are witnessing a notable increase, with rises ranging from 7.89% to 10.2%. Meanwhile, senior management roles are seeing a 21% increase in demand, particularly for expertise in data engineering, product management, and DevOps. Salaries in these areas are also on the rise, ranging from 6.54% to 10.8%.

The Importance of Skill Development

As industries evolve, the need for AI, ML, and cloud infrastructure skills is becoming increasingly critical. The report reveals that 69% of data science job postings in 2024 require candidates with machine learning expertise. To support India's growing cloud infrastructure, it is projected that by FY25, the country will need over two million cloud professionals.

Upskilling emerges as a crucial factor for career advancement in this landscape, especially in domains such as cloud computing, data analytics, and cybersecurity. Continuous learning and development will be key for professionals aiming to stay relevant in a competitive job market.

Regional Salary Disparities and Emerging Hiring Hubs

The report also points out regional salary disparities, with cities like Bangalore and Hyderabad offering higher compensation due to their status as tech hubs. Conversely, Tier-II towns such as Kochi and Coimbatore are gaining traction as significant hiring locations, attributed to the increasing availability of a skilled workforce.

In summary, the insights provided by TeamLease Digital illustrate a positive outlook for fresher hiring in FY25, driven by a robust demand for skills in AI, ML, and cloud technologies. With substantial salary increases and the importance of upskilling, the landscape of employment in India is evolving, providing exciting opportunities for new entrants to the job market.

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