AMADEUS SURVEY TECH PROFESSIONALS
Leave for pet & music shows! Indian tech cos woo millennials and Gen Z with unique perks
Indian tech companies are rolling out innovative perks like unlimited sick leave, mental health days, and time off for family to attract and retain millennial and Gen Z employees. The trend reflects a shift towards prioritizing work-life balance, mental well-being, and personalized work arrangements to boost productivity and prevent burnout among the younger workforce.
GenZ professionals trust tech to bypass judgemental bias of their bosses
A recent survey reveals that over half of Gen Z professionals prefer Generative AI to their managers for workplace guidance, valuing its constant availability, privacy, and non-judgmental feedback. While enthusiastic about GenAI's potential, they also express concerns about intellectual property infringement and privacy breaches, highlighting a need for organizational training and clear guidelines.
Cybersecurity roles are rising but women participating is low
Despite a growing demand for cybersecurity professionals, women remain underrepresented, holding only 20-25% of roles. Industry leaders emphasize the need for greater diversity and highlight initiatives aimed at attracting and retaining women in cybersecurity. Challenges such as pay disparity, stereotypes, and work-life balance persist, but organizations are actively working to create a more inclusive environment.
Half of India¡¯s tech workforce plans at least three career pivots to stay competitive: Survey
A new study reveals that over half of Indian tech professionals anticipate needing to change careers at least three times to keep up with technological advancements. While many are content with their current employers' well-being initiatives, they seek opportunities for innovation, growth, and flexibility, prioritizing equitable workplaces and flexible work arrangements.
Majority of corporates want government to enable real-time reporting for audit: Deloitte
A new survey by Deloitte India revealed that a significant majority of high-end corporate taxpayers in India are seeking enhanced technological integration within the income tax system. The survey highlighted a desire for real-time reporting, automated processes, and the use of technologies like blockchain and AI to streamline tax compliance and improve efficiency.
India's GCC ecosystem set to hit $100 billion by 2030: report
As per the report, 70% of mid-sized corporations view their Indian GCCs as crucial to advancing their strategic innovation agendas. Nealy 90% of domestic GCCs now operate as multi-functional entities, handling technology, operations and product engineering.
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¡®October Theory¡¯ sets stage for early self-reflection and self-care, ahead of new year
Indian professionals are embracing the "October Theory," using the year's final months for career reflection and planning. With rapid workplace changes, professionals are prioritizing upskilling, particularly in tech and market trends, to stay competitive in 2025.
India's workforce to increase to 457.62 mn by 2028: Report
India's workforce is set to expand, adding over 33 million workers by 2028. The tech industry will see significant growth, with 2.73 million new jobs driven by AI. Retail, manufacturing, education, and healthcare sectors will also experience job creation due to technological advancements. This growth presents opportunities for professionals to upskill and thrive in a tech-driven economy.
Tech to change job landscape in BPM industry over 3 years: Nasscom-Indeed report
Emerging roles in the BPM industry ¡ª which generated $48.8 billion in revenue as of FY2024 ¡ª include data scientist analyst and AI strategy director in finance, HR data scientist and chatbot HR specialist in human resources, and AI conversation designer and virtual assistant trainer in customer services.
Nine in 10 workers in India seek more guidance than ever to stay ahead at work : LinkedIn
Nine in 10 professionals in India seek more guidance as jobs evolve. Integrating AI in daily tasks is the biggest opportunity, with 62% believing career advancement hinges on AI comfort. Use of LinkedIn Learning AI courses rose 117%. Continuous learning and flexible work remain important. Industry trends and skill updates are vital for staying ahead.
Finance teams need to have preemptive stance, tech skills: CA associations¡¯ report
Finance teams have five years to transform or risk irrelevance, says a report by ACCA and Chartered Accountants ANZ with PwC. Businesses now demand broader skills from finance teams, including digital, data, and sustainability expertise. Embracing new technologies and maintaining ethical standards are crucial for future success.
GCCs focus more on learning investments in benefits payout: ANSR survey
The growth of global capability centres (GCCs) is driving demand for new roles and skills in India. A survey by ANSR reveals that 88% of GCCs prioritize talent development, while 68% emphasize personalized benefits. The study highlights the need for a tailored compensation and benefit structure to ensure organizational success.
Teching India to the next level: As GCCs set up shop in India, here are the salary trends and jobs on offer
The tech landscape in India has been shifting towards tier-II cities, with growing investments in AI, ML, and blockchain. The country's tech market, which stood at $254 billion in FY24, is expected to reach $350 billion by 2025. High-demand skills such as AWS and DevOps have been on the rise.
Battle for tech talent now shifts to hinterlands on reverse migration
As tech employees returned to their hometowns during Covid-19, the IT talent hunt has shifted to tier-2 and smaller cities, which hold the default advantage of lower operational costs and low attrition rates. These cities may have been overlooked before, but with better infrastructure like reliable power supply and affordable high-speed internet, they are becoming talent hubs.
Economic Survey: India saw tech startups surge post Covid pandemic
Economic Survey highlighted, startups recognised by the government - more than 1.17 lakh as of December 2023 - have created over 12.42 lakh direct jobs in the country. Finance minister Nirmala Sitharaman tabled the Economic Survey 2023-24 in parliament on Monday. The top sectors for startups in 2023 were edtech (16%), enterprise tech (12%), BFSI (10%) among others.
Economic Survey 2023-2024 highlights emerging job trends in AI, Cybersecurity, 3D Printing and Web Development
While Artificial Intelligence promises to revolutionise industries, it also poses a threat to some existing jobs. The Economic Survey emphasises the need to use technology for collective benefit, advocating against over-reliance on automation.
Diversity initiatives are bringing more women to certain roles: Survey
Indian companies are prioritizing diversity, equity, inclusion, and belonging (DEIB) initiatives, with varying levels of women's representation across roles highlighted in a Manpower Group survey. Administrative and operational roles show higher female presence, while top-level management and STEM roles exhibit lower representation. Key findings emphasize the importance of trust, relationship building, and technology-driven solutions like AI for unbiased recruitment.
Fortifying the Forces: Agnipath scheme may see significant changes following Army survey
The Indian Army is set to implement major changes to the Agniveer scheme following feedback from an internal survey. These changes include extending the service tenure from four to eight years, increasing the retention rate of Agniveers to 60-70%, and raising the induction age for technical services to 23 years. The modifications aim to address concerns about inadequate expertise and improve the scheme¡¯s effectiveness. The proposals will be reviewed by the Prime Minister's Office, with final decisions expected soon.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
Software engineer, system engineer, programming analyst top jobs for freshers: LinkedIn
Companies continue to embrace flexibility in 2024, with the trend towards more flexible working arrangements growing significantly, according to the survey findings. Solely on-site roles are declining by 15% and hybrid positions are surging by 52% for entry-level roles year-over-year. This shift provides fresh graduates with a wider range of work arrangements to choose from and pursue.
Indians more confident of adapting to tech innovations at work than other nationalities: Indeed
India's workforce expects tech role shifts, with confidence in adaptation. Tomorrow's World report discusses AI impact. Survey highlights high tech optimism and focus on generative AI, diversity, and equity policies.
Amid green push, professionals rush to arm themselves with ESG skills
Edtech firms seeing strong demand for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses
IBM announces job cuts in two of its divisions; Tech workforce uneasy about AI¡¯s impact, survey reveals
In the latest workforce reduction move of 2024, IBM has announced significant job cuts within its marketing and communications division. This ¡®Resource Action¡¯ ¡ª IBM¡¯s preferred term for the layoffs ¡ª aligns with its ongoing shift toward artificial intelligence (AI) and other emerging technologies. This announcement follows reports of IBM encouraging voluntary redundancy among its workforce.
3 in 5 workers in India will not accept job that does not offer AI, tech upskilling: Survey
Indian professionals prioritize future-proofing their skills, especially with the rise of artificial intelligence, according to a survey by Randstad. Development opportunities offered by employers are crucial for employees, with 61% unwilling to accept a job or considering quitting if it doesn't provide skill future-proofing.
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.
Majority of working professionals concerned about job redundancy due to emerging tech: Report
A significant 43 per cent express dissatisfaction with the lack of adequate AI training provided by their employers, it added. This highlights a clear gap between perceived importance and the actual provision of training in this critical technology domain, the report said.
Why generative AI is significant for businesses to gain a competitive edge
A recent Adobe research shows that Indian brands are yet to fully embrace generative AI. The Asia-Pacific analysis covered a sample of 5,027 consumers and 1,877 marketing and customer experience professionals.
E-commerce, telecom, BFSI most sought-after sectors by freshers: Survey
A survey by apna.co reveals that E-commerce, Telecommunications, BFSI, and IT are the preferred sectors for freshers due to promising career growth, favorable work environments, and work-life balance. The e-commerce sector sees a notable 22% increase in applications, followed by BFSI with 18%, and telecommunications and IT with 13% and 5%, respectively.
Indian professionals looking to upskill to close tech-skills gap: survey
A recent report by Emeritus highlights that tech-driven skill gaps are becoming a global issue. The report reveals that 53% of professionals fear becoming redundant if they don't develop their skills further, and 50% believe they lack the necessary skills for career advancement. This need for upskilling is felt across all career stages, including mid-career professionals and senior executives.
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