Demand is high for emerging job roles such as subject matter experts and hybrid professionals who possess domain and soft skills
As the focus shifts decisively from scale to skills in the over USD 150 billion IT industry, Moneycontrol takes a look at what are some of these new age skills and what they fetch in the job market.
According to industry body Nasscom, 50 percent of employees from leading IT companies are already trained in digital technologies.
Demand is high for emerging job roles such as subject matter experts and hybrid professionals who possess domain and soft skills.
New job roles include skills such as cybersecurity, mobile app development, new user interfaces, social media, data scientists, platform engineering are in demand. Subject matter experts include people skilled in or as graphic designers, humanities, sociology, security, finance, payments are needed in the industry.
New skills including big data analytics, cloud & cybersecurity services, IoT, service delivery automation, robotics, artificial intelligence/machine learning/neuro-linguistic programming are fetching fat pay packets.
Here is a look at how employees are being paid across different skill sets:
Data: TeamLease | LPA: lakhs per annum
How much does new skill expertise fetch in salaries?
According to Alka Dhingra, general manager at IT staffing firm TeamLease, a candidate with a new skill specialisation can get 20-25 percent pay hike.
For example, the salary range for a big data analyst stands anywhere between Rs 400,000 – 1,800,000 per annum, depending on the level of the hierarchy.
The entry level salary for a candidate specialising in artificial intelligence, on the other hand, is higher at Rs 500,000; while the highest paid technology vertical is robotic process automation vertical, which can offer Rs 2,300,000 up to Rs 7,000,000 for a lead position.Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.