To keep up with the fast-paced growth of digitalization, hyper-automation, and 5G expansion, tech-enabled sectors will base their hiring process on the possession of these niche skills.
Story so far: In 2022, BFSI (Banking, Financial Service, and Insurance), Retail, and IT companies witnessed significant growth, which is likely to increase this year. In these sectors, hiring is expected to increase by 20 percent, according to foundit Insights Tracker (fit). The job market is thus a fairyland for computer science majors, IT professionals, and experts in AI/ML, cloud, data analytics, and digital optimisation.
- With the rapid absorption of AI, cloud, cybersecurity, blockchain, quantum computing, and process automation in the BFSI sector, recruitment is expected to swell enormously.
- Data scientists and engineers are likely to be much in demand due to the adoption of retail tech and analytics to measure and propel business growth.
Ethics of digital-age hiring: Industry experts foresee recruiters focusing on optimizing the hiring process. Employers, on the other hand, will focus on minimizing attrition and upskilling existing employees.