Technology adoption across sectors doubled again while more and more companies change their organizational strategies and goals to accommodate the new normal.
With 2021 being the year of recovery, the demand for recruitment in tech-enabled sectors such as IT, banking, financial services and insurance (BFSI), AI and machine learning will continue to grow in 2022.
According to a report, with rapid technology adoption across industries and fully tech-enabled sectors such as IT and BFSI, the role of AI and machine learning will only continue to grow in 2022, with a significant increase in demand for related roles. Monster.com, a quess company. The report said that while 2021 has been a year of revival for many industries amid the COVID-19 pandemic, it was also the first year of many.
Technology adoption across sectors doubled again while more and more companies change their organizational strategies and goals to accommodate the new normal.
With a growing number of employers looking for skilled professionals in the wake of the major reshuffle and employment crisis in India, the need for skilling and up-skilling reached a new height.
“The year 2021 was definitely a year of recovery. As we step into the new year, we are optimistic about 2022 paving the way for better job opportunities.
“The future of work is location-agnostic and hybrid, with skill-enhancing initiatives being driven by both employers and employees,” said Shekhar Garissa, CEO, Monster.com.
Furthermore, major tech-enabled industries such as IT, fintech, BFSI and crypto will continue to thrive with the rise in demand for talent, he said. “Employee flexibility will be key to retaining talent in the future, and the Great Shuffle is a reinforcement of how the huge demand in the jobs market is opening the door for employees to choose the career of their choice,” he said. They said.
The data is for the time period December 2021 as compared to December 2020. Salary trend data is as of December 2021.
The report further shows that the demand for AI and Machine Learning jobs is projected to grow and industry reports further suggest that AI/Machine Learning investments in India will continue to grow at 33.49 per cent annually till 2023.
The report said that chatbots are expected to empower customer support services to increase customer engagement and more and more organizations are adopting chatbots, which is projected to empower customer support services of around 45 percent of organizations by 2022 .
Roles in learning and development, travel, consumer analysis and leadership nurturing will witness an increase in demand in this regard.
It also predicts that in 2022, the rapidly expanding Indian fintech market is projected to become the world’s third largest by 2025.
There will be increased opportunities for digitization and digital adoption across the industry in the future, with a positive outlook for demand for talent in the sector, it noted.
Further, it said that Indian IT has continued to operate during the pandemic and will exhibit similar trends in 2022.
The IT industry is projected to grow at seven per cent in the current year, and is likely to see a gross growth of around 4,50,000 employees in the second half of FY12.
The role of Big Data Analytics is likely to be the most in-demand role in 2022, as data science, cloud computing and machine learning roles have captured most of the e-recruitment market, it said.
The report said that demand for skilled manpower or professionals who specialize in digital skills could see an increase in industries such as BFSI and in new sectors such as crypto.
The top skills organizations are looking for in 2022 are Data Science, Cloud Computing, Artificial Intelligence, Blockchain and Machine Learning.
The demand for sales professionals is anticipated to increase especially in industries such as fintech, retail, e-commerce and social commerce.
Further, it was observed that many employees prefer to work remotely and live in their hometowns, with more and more organizations setting up smaller offices in Tier-II cities or providing better resources and access to technology to the employees. Are considering using a co-working space. ,
This, in turn, will increase the demand for rents in tier-II cities in the coming months. The report said that the continued emergence of start-ups will further contribute to the demand for entry-level professionals across industries.
It said that the recruitment of freshers has picked up in the last three months of the year and is expected to increase significantly in 2022.
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