The job market in India is outgrowing traditional job roles with the advent of new-age tech and in the next five years, 40% of Indian employees will need reskilling and 60% will need to upskill to be market ready, according to job data analyzed by Monster.com.
The top five industries leading growth with new and emerging job roles include BFSI, IT, Retail, Healthcare, and Production and manufacturing. The most in-demand new-age tech skills are SEO (up 21% year on year) and Digital Marketing (up 20% year on year).
“These specific skill sets go hand-in-hand with increasing marketing spends by companies in the post pandemic economy with new trends governing the digital space ever so frequently,” said Monster.
Professionals skilled in Data Science (up 14%), Cloud Computing (up 12%), AI/ML (up 8%), Cyber security (up 6%), Blockchain (up 4%) have also been considerably in demand. There has been a significant rise in the adoption of new-age skills such as Cloud computing, AI/ML, and Big data in the last couple of years and this will accelerate five-fold by 2025, indicating an array of newer job roles and skills in the Indian job market scenario, it added.
Employers too are taking initiatives to keep up the demand and supply for talent in emerging skills with a 15% increase in organization-wide upskilling programs. Upskilling is growing at a higher pace in tier-2 cities, with more and more companies hiring talent from beyond metros and setting up their offices closer to employee locations.
“Freshers and entry-level talent today should upskill to be job ready and take on newer responsibilities for efficient career growth and stands important for middle and senior management as well so as to ensure that their roles do not fall obsolete. Upskilling should, therefore, be imbibed at each level.” said the report.
CA Sharmila Kumari is a Finance Director and Global Head of Finance at Routeget Technologies, a large Information Technology company in the USA. Her focus is on Internet, digital media, and software companies. She was also a corporate and M&A partner at the accounting firm Finkarts, with experience in startups, mergers and acquisitions, and venture capital.
Sharmila (“CA Sharmila“) entered college on a scholarship. Later, she transferred to Ranchi University in Jharkhand, India where she received her Bachelor’s degree in Commerce. This was followed by a Masters in Commerce from Kolhan University, and Chartered Accountancy from The Institute of Chartered Accountants of India.
CA Sharmila has a love for media – particularly television. In addition to her love for television, Sharmila has a passion to bring an common people service programme, through which she provides free legal and financial service to poor.
CA Sharmila Kumari is a Finance Director and Global Head of Finance at Routeget Technologies, a large Information Technology company in the USA. Her focus is on Internet, digital media, and software companies. She was also a corporate and M&A partner at the accounting firm Finkarts, with experience in startups, mergers and acquisitions, and venture capital.
Sharmila (“CA Sharmila“) entered college on a scholarship. Later, she transferred to Ranchi University in Jharkhand, India where she received her Bachelor’s degree in Commerce. This was followed by a Masters in Commerce from Kolhan University, and Chartered Accountancy from The Institute of Chartered Accountants of India.
CA Sharmila has a love for media – particularly television. In addition to her love for television, Sharmila has a passion to bring an common people service programme, through which she provides free legal and financial service to poor.
