Wanted: 2 Million Cloud Professionals! Tech Hiring to Surge in FY25 as GCCs Boost Fresher Recruitment
The tech industry is gearing up for an unprecedented wave of hiring as Global Capability Centers (GCCs) expand their recruitment, especially for fresh talent. According to a new report by TeamLease Digital, FY25 is set to witness a 40% rise in fresher recruitment across GCCs, with a significant demand for professionals skilled in cloud computing, software development, and AI-driven technologies. This surge is accompanied by competitive salary offers and an increased focus on upskilling.
Fresh Talent in High Demand
GCCs are emerging as major employers, offering up to 30% higher salaries than the industry average for roles in cloud computing, data engineering, and AI technologies. With an impressive 40% increase in fresher hiring expected compared to last year, the recruitment landscape for newcomers is more favorable than ever. IT services companies are not far behind, projecting a 20-25% growth in recruitment. This demand highlights the growing importance of technical skills such as Python, Agile Scrum, AWS security, and ethical hacking.
Steady Demand for Mid-Level and Senior Roles
While freshers are in high demand, mid-level and senior professionals continue to see a steady increase in job opportunities. Project managers, data scientists, and cybersecurity professionals are experiencing salary hikes of 7.89% to 10.2% over FY24. Senior roles in DevOps, product management, and data engineering are witnessing a notable 21% rise in demand. Salaries for these positions have increased between 6.54% and 10.8%, reflecting the strategic importance of experience and expertise in these areas.
The Cloud and AI Driving Tech Hiring Trends
The rapid adoption of cloud-based infrastructure and AI technology is driving tech hiring trends in FY25. According to the report, the need for cloud engineers, developers, and architects is growing rapidly, with platform-specific certifications in AWS and Microsoft Azure becoming crucial. India alone will require over two million cloud professionals by FY25 to meet the rising demand across various sectors. AI, machine learning (ML), and automation are also playing pivotal roles, with 69% of data science job postings in 2024 requiring ML skills, and natural language processing (NLP) seeing a sharp rise in demand.
The Importance of Upskilling in the Face of Talent Shortages
One of the biggest challenges highlighted in the report is the talent shortage, particularly in advanced technology areas like cloud computing and AI. A staggering 63% of tech employees did not engage in upskilling last year, citing time constraints (73%) and lack of managerial support (42%) as barriers. Upskilling is crucial to bridging this gap. Certifications in cloud computing, data analytics, and cybersecurity are increasingly seen as pathways to career advancement, particularly for those looking to transition into senior roles.
Neeti Sharma, CEO of TeamLease Digital, emphasizes the need for upskilling: "The tech industry continues to transform at a rapid pace. To stay ahead, companies must align their talent strategies with technological advancements, particularly in AI and cloud computing. Investing in upskilling programs is not just an option but a necessity, enabling professionals to remain competitive in this dynamic environment."
Regional Salary Disparities and Tier-2 Talent Pools
The report also highlights regional variations in salaries across India's tech hubs. Cities like Bangalore and Hyderabad, known for their status as innovation hubs, offer the highest salaries, while Tier-2 cities like Kochi and Coimbatore offer lower compensation. However, these smaller cities are becoming increasingly important as companies tap into their talent pools to meet growing demand. Hyderabad, in particular, has attracted significant tech investments due to favorable government policies, making it one of the most competitive cities for tech talent.
Conclusion: A Bright Future for Tech Professionals
As GCCs ramp up hiring and the demand for cloud professionals and AI experts continues to rise, FY25 promises exciting opportunities for both freshers and experienced professionals. With competitive salaries, the demand for in-demand skills, and the urgent need for upskilling, the tech industry is set for another transformative year. Companies and professionals alike must align their strategies to embrace the future of technology, ensuring sustainable growth and innovation in the years to come.