Even with market volatility, the demand for tech workers seems to be going nowhere. And so are the high rewards that are trademarks of the industry. Principal software engineers, engineering managers, data scientists, data modelers, and software architects are expected to be the highest-paying jobs in 2023.
I’ve heard some good news. In March, BosonQ Psi (BQP) recently launched his BQPhy®, the first quantum-powered computer-aided engineering (CAE) software suite, actively recruiting deep his technology and quantum computing talent. announced.
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In March, Automoville, a Bangalore-based full-stack mobility solutions provider, announced plans to increase its talent pool by hiring more than 100 additional new employees by the end of 2024.
In March, drone technology startup TSAW Drones announced plans to hire more than 350 new employees by the end of 2023.
Job cuts and a funding winter are reasons for concern in a recession-ridden economy, but the need for tech is going nowhere.
Sambu Ramana, co-founder and CBO of Autoville, said: .
Indian startups and companies have been hit hard by the financing winter, with thousands of workers laid off in recent days. But the markets we are able to address with what we are doing with TSAW Drones are unprecedented, especially in times of economic turmoil and transition.
Sudhanshu Mishra, Head of TSAW Drones
“Indian start-ups and companies have been hit hard by the fundraising winter, with thousands of employees laid off recently. The market is unprecedented, especially in this era of economic turmoil and transition,” said Sudhanshu Mishra, Head of Human Resources at TSAW Drones.
Even in the skills sector, technology opportunities are on the horizon. For example, in February, AI-powered career and recruitment platform Workruit announced plans to partner with over 500 universities to offer resume building and career growth opportunities through its SaaS platform.
Tech jobs will top the list in India in 2023, according to job site Indeed.
Companies are taking away available talent
The reason for this pattern is that the big tech companies are going through a period of adjustment and other companies seem poised to acquire the best tech talent. This is mainly because tech jobs have more work than other occupations. The role of technology is also sector agnostic. In other words, every sector has requirements for the role of technology.
With increasing investment in IT and adoption of new age emerging technologies, the role of jobs in these areas will also increase this year.
Sashi Kumar, Head of Sales, Indeed India
“Overall, tech jobs will continue to be the largest employer this year. India is experiencing steady and stable growth, and the short-term impact of the recession and layoffs will impact the future of tech jobs in India. Unlikely. With increased investment in IT and adoption of new age emerging technologies, the role in these areas will also increase this year,” predicted Sashi Kumar, Head of Sales at Indeed India. I’m here.
Technical positions mean workplace flexibility and higher salaries
Additionally, technology jobs offer workplace flexibility and competitive salaries. Both are qualities that job seekers appreciate. The high demand for technical skills inside and outside the tech sector is good news for tech workers and underscores where opportunities lie for individuals starting or changing careers.
This trend is not only seen in India, but also globally. Indeed’s Global Best Jobs of 2023 list occupies the top three technical positions: full-stack developer, data engineer, and cloud engineer. This is an improvement from last year when he was only one tech job in the top 10.
Most Popular Indian Developer
Developers have emerged as the most popular roles in India, especially those that can design, develop and maintain the front-end and back-end of web applications, accounting for 5 of the top 10 job titles.
Almost 80% of early-stage startups (startups with less than 20 employees currently) want to increase their workforce in 2023, according to the Federation of Indian Chambers of Commerce (FICCI) Randstad Startup Hiring Trends Survey I think. Current trends in large corporate layoffs.
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80.49% of all startups surveyed said they plan to hire more people in 2023, while 15.78% plan to keep their existing headcount, most of which are in the early stages. 54.38% of startups cited factors such as better salary packages offered by large companies and concerns about job security in startups as reasons for high turnover.
Sectors with the highest hiring intentions include the healthcare sector, IT/ITes, agri/agritech, AI/ML/DeepTech, fintech and manufacturing. Hyderabad and Pune, on the other hand, have emerged as regions showing a strong willingness to recruit senior-level positions.
