AI: AI roles, senior professionals are most in demand

AI: AI roles, senior professionals are most in demand



Healthcare, hospitality and FMCG are the major sectors that witnessed year-on-year job growth in January 2024 in an otherwise cautious market, shows the Naukri JobSpeak Index.

At an overall level, the index stood at 2455 in January, an increase of 1% from the preceding month but about 11% lower than a year earlier.

New jobs in artificial intelligence increased by 12% in January from a year earlier. Hiring for niche AI related roles such as machine learning engineer and full stack AI scientist jumped by 46% and 23%, respectively, year-on-year. Conventional AI roles such as data scientist were also in good demand.

The overall hiring in the IT sector was 19% lower than the boom times of January 2023. From the previous month, the number increased by a modest 1%.

Healthcare, Hospitality and FMCG sectors hiring:

Hiring in the healthcare sector increased 7% y-o-y in January with the sharpest increase in administrative roles. Hiring in the travel and hospitality sector recorded growth of 5% y-o-y. With the ongoing boom in both domestic and international tourism, demand for restaurant managers and service managers remained at elevated levels. Hiring in this sector was particularly high in Bengaluru and Mumbai.New job offers in the FMCG space rose 5% y-o-y in January. Uptick in demand in rural areas, aided by a marketing push by FMCG companies, led to positive momentum in the hiring trends in the sector. The roles that were in most demand included assembly line operator, factory head, production engineer and production manager. Kolkata and Pune topped the cities that offered new jobs in the sector in January 2024.The major sectors that witnessed a fall in hiring included BPO and insurance at 16% and 8%, respectively. In the education and retail sectors, hiring contracted 7% each from a year earlier.

Senior professionals in demand:

Senior professionals with more than 16 years of experience witnessed the strongest momentum in job offers. The hiring for this experience segment went up by 19% last month from a year earlier. New job offers for professionals in the experience category of 13-16 years rose almost 2%. However, for those with 8-12 years and 4-7 years of experience and freshers, new job offers were lower by 18%, 7% and 10%, respectively, compared with January 2023.

Job offers in the salary range of more than Rs 20 lakh per annum rose 18%, while in the range of Rs 13-20 lakh, offers shrank by 1%. Up to Rs 12 lakh of salary, the number fell sharper.

“The significant rise in AI-related jobs is indicative of the changing skill requirements in the IT sector, while the positive hiring sentiment in healthcare, hospitality and FMCG reflects a strong domestic economy,” Pawan Goyal, chief business officer of Naukri.com, said in a statement.



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Author: Shirley