Indian tech firms are anticipated to hike salaries or counter bids by 60-120% successive year to entice and secure talent with niche technology abilities, according to staffing services providers. People in increased demand encompass full-stack engineers, data scientists, data engineers, and backend engineers, as per the recruitment consultancy firm Xpheno. The conflict of wages put the negotiating power back into the aspirant’s hands. Ability with niche digital skill sets in need across enterprises saw an intense rise in valuation and resultant remuneration changes,” announced Kamal Karanth who is the co-founder of Xpheno. This need is inclined to persist into 2022, till enterprises establish an organic talent pool and upskill workers, which would generally take six-eight quarters, he expanded. The need for digital talent will continue for sure, as more GCCs (Global Capability Centres) are mobilized to set shop, more startups are receiving funding, and IT services companies are gaining more deals.
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The demand channel for digital talent is strong and recognized enlarging as we walk into 2022 and kickstart the closing quarter for the current fiscal year,” he announced. Startups that have extended funds over the last few months are anticipated to roll out the biggest offers and counteroffers, varying from 50-120% banking on the role. IT services firms and GCCs, on the other hand, are inclined to disclose fairly reasonable offers in the range of 5-14% for similar aptitudes. While the need for these skills will remain elevated, other niche skills are inclined to increase in popularity over the next year. “Boosted investments in regions such as Artificial Intelligence, Cloud, security, and engineering will be among the top technology drivers for 2022”, announced Vijay Sivaram, CEO of Quess IT Staffing.
