With highly expedited tech adoption, Information Technology Enabled Services (ITeS) companies are deluged with data. As a result, in Data Science, Machine Learning and R are lucrative upskilling options for ITeS talent, said a new report.
Instahyre, the HRTech platform, unveiled its ITeS tech talent report highlighting insights with an aim to help recruiters create practical hiring strategies based on the most in-demand and highest-paying skills.
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According to the Instahyre report, freshers skilled in Machine Learning technology start off their career at the highest average salary of Rs 5.97 LPA, while the highest average salary for leadership positions is Rs 25.19 LPA and Rs 12.05 LPA for mid-level talent fluent in R – which makes total sense in today’s data-driven world.
The demand for Big Data analysis professionals is seeing an all-time high. Though it is not new in the market, jobs in Big Data have begun to be much more in demand, with most companies transitioning towards digital transformations.
The Instahyre report unveiled that Big Data freshers skilled in data analysis get the highest average salary package of Rs 5.55 LPA, manager-level roles command average salaries of Rs 17.42 LPA, while those in leadership positions attract an average salary of Rs 24.29 LPA.
Sarbojit Mallick, co-founder, Instahyre, said, “The industry is in extensive need of talented data scientists. Recruiters are on a constant hunt for tech talent who can analyse different data sets, distil critical insights, and give a more strategic view into the data gathered from different channels. This generates a robust need for talented data science professionals to unlock new opportunities in the market with better compensation.”
“With an exponential boom in data collection and digital assets, the need to adopt robust data security mechanisms is also becoming more significant than ever. Against this backdrop, data security is creating more jobs to tackle sophisticated cyber-attacks and data breaches. As a result, info security, security testing, cyber security, and app security have become some of the most in-demand jobs to be filled, especially for technology- and data-dependent businesses in India’s huge ITeS sector,” he added.
Additionally, tech talent in data warehousing and data collection jobs are attracting an average salary package lower than other roles in Big Data (among Big Data skills), signifying that the recent layoffs and downturn of VC funding in the tech industry has also affected tech talent salaries negatively.
The Instahyre report unveiled that freshers who start off their career in app security are paid average salary packages of Rs 5.84 LPA, higher than cyber security and security testing. On the other hand, app security professionals at mid-level and senior-level roles get an average salary of Rs 7.28 LPA and Rs 15.49 LPA respectively, whereas cyber security leaders are entitled to a higher average salary of Rs 23.27 LPA.
Given the robust need to build a strong tech-driven workforce to achieve the projected growth, ITeS companies are slowly resuming offering competitive salary packages to onboard the best-in-industry talent, the report said.
Their recruiters and TA teams need pinpoint data about talent’s salary, location, diversity, and popularity to shape their hiring strategies for long-term workforce productivity and high performance.
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