India’s entry-level workforce is expected to rise significantly, with the GCC leading the way in providing high-paying positions.
New Delhi, India (ANI): According to a TeamLease analysis, India’s entry-level employment market is expected to rise significantly in FY 2024–2025, with new hires being welcomed in non-tech, IT products and services, and Global Capability Centers (GCCs).
Leading the way in providing top wages, especially in software development, are Global Capability Centers (GCCs). The average wage for entry-level positions in this field is expected to be Rs 9.37 LPA, which is much higher than the Rs 6.23 LPA for IT products and services and the Rs 6 LPA for non-tech industries.
This pattern highlights the GCCs’ emphasis on upholding international standards and illustrates their quick growth in India, where they currently employ more than 1.66 million professionals.
Due to the rising necessity to safeguard organizational IT infrastructure and the rise in cyber threats, the cybersecurity and network administration domain stands out as well.
The average wage in the GCC is predicted to be Rs 9.57 LPA, which is nearly twice as much as the non-tech sectors (Rs 5.17 LPA) and 40.12% more than IT Products & Services (Rs 6.83 LPA).
The significance of data-driven decision-making is reflected in the rising demand for positions in analytics and data management. Entry-level professionals in this field should anticipate average wages of Rs 6.37 LPA in non-tech industries, Rs 8.73 LPA in GCCs, and Rs 7.07 LPA in IT Products & Services.
With salaries of Rs 7.67 LPA in the GCC, Rs 6.07 LPA in IT, and Rs 6.53 LPA in non-tech industries, Cloud Solutions and Enterprise Applications Management positions are also becoming more and more popular.
This need is being driven by a rise in cloud use in important industries including manufacturing, healthcare, and BFSI. The top positions anticipated to be in high demand for FY 2024–2025 are also identified by TeamLease Digital’s study.
Positions such as customer success specialist, data scientist, penetration tester, and full-stack developer are expected to pay between Rs 8.8 LPA and Rs 11.8 LPA in the GCC.
Big data developers, IT auditors, cloud security experts, and Internet of Things engineers would be in high demand in the IT Products & Services sector, with salary ranges of Rs 9.7 LPA to Rs 6.9 LPA.
With wages ranging from Rs 9.4 LPA to Rs 6 LPA, non-tech sectors are concentrating on positions like automation engineer, cybersecurity analyst, SAP ABAP consultant, and data engineer.
“Functional domains like cybersecurity and data analytics are witnessing heightened demand across industries, creating ample opportunities for entry-level talent,”
said Neeti Sharma, CEO of TeamLease Digital, highlighting the transformational potential of these developments. Entry-level applicants stand to benefit greatly from arming themselves with hybrid skills that correspond with industry demands as companies in the GCC, IT, and non-tech sectors modify their talent acquisition tactics. (ANI)
