New Delhi: The entry-level job market in India is set for substantial growth in FY 2024-25, with new talent being embraced across Global Capability Centres (GCCs), IT products and services, and non-technical sectors, as highlighted in a report by TeamLease.
GCCs are at the forefront, providing competitive salaries, especially in software development. Entry-level positions in this field are anticipated to offer an average salary of Rs 9.37 LPA, which is significantly higher than the Rs 6.23 LPA in IT Products and Services and Rs 6 LPA in non-technical sectors.
This trend emphasizes GCCs' commitment to upholding global standards and showcases their rapid growth in India, where they currently employ over 1.66 million professionals.
The cybersecurity and network administration sector is also emerging as a key area, fueled by rising cyber threats and the increasing necessity to safeguard organizational IT infrastructure.
GCCs are projected to provide an average salary of Rs 9.57 LPA in this domain, representing a 40.12% increase compared to IT Products & Services (Rs 6.83 LPA) and nearly double that of non-technical sectors (Rs 5.17 LPA).
There is also a notable rise in demand for positions in data management and analytics, with salaries reflecting the importance of data-driven decision-making. In this area, entry-level professionals can anticipate average salaries of Rs 8.73 LPA in GCCs, Rs 7.07 LPA in IT Products & Services, and Rs 6.37 LPA in non-technical sectors.
Additionally, roles in Cloud Solutions and Enterprise Applications Management are gaining popularity, offering Rs 7.67 LPA in GCCs, Rs 6.07 LPA in IT, and Rs 6.53 LPA in non-technical sectors.
The growing adoption of cloud technology in critical sectors such as BFSI, healthcare, and manufacturing is fueling this demand. An analysis by TeamLease Digital highlights the key roles anticipated to be in high demand for the fiscal year 2024-25.
In Global Capability Centers (GCCs), roles such as penetration tester, data scientist, full-stack developer, and customer success specialist are expected to offer salaries ranging from Rs 11.8 LPA to Rs 8.8 LPA.
Within the IT Products & Services sector, there will be a strong demand for big data developers, IT auditors, cloud security engineers, and IoT engineers, with compensation packages between Rs 9.7 LPA and Rs 6.9 LPA.
In the Non-Tech sectors, there is a focus on positions like data engineer, SAP ABAP consultant, cybersecurity analyst, and automation engineer, with salaries ranging from Rs 9.4 LPA to Rs 6 LPA.
Neeti Sharma, CEO of TeamLease Digital, highlighted the significant impact of these trends, stating that "Functional areas such as cybersecurity and data analytics are experiencing increased demand across various industries, leading to numerous opportunities for entry-level professionals. As organizations in GCCs, IT, and non-tech sectors refine their talent acquisition strategies, entry-level candidates can greatly benefit by developing hybrid skills that meet industry needs."
