All eyes are on Indian IT, with sky-high expectations for the years ahead. While billions of dollars of investments and bookings paint just one part of the picture, the other side hinges on generative AI, which is expected to change the hiring strategy and influence employee salaries.
Based on an analysis by Pareekh Jain, CEO of Pareekh Consulting, IT companies are significantly increasing their hiring of candidates with AI-related skills. Candidates with these skills made up about 10% of total hiring last year, but their share is projected to rise to 20-25% this year.
If companies expand their entry-level workforce by 10% in the future, nearly half of the new hires are expected to be in AI-focused roles. This indirectly translates to the fact that the new hires with the latest AI skills would demand higher salaries as well.
Krishna Vij, VP at TeamLease Digital, told AIMthat AI tools will enhance productivity by automating repetitive tasks. …