According to staffing firms, Average pay hike for a new job in AI — including AI/ML engineer, robotics engineers, natural language processing engineer, ethics engineer and data architect — has reduced to 15-25% from 50-60% a year ago.
EV manufacturers and related companies are offering disproportionate salary increases this year to retain talent. Skilling employees is a priority, with salaries ranging from ₹25-50 lakh in mid-level positions and ₹60 lakh to ₹1.2 crore in senior roles.
The interim budget presented by Finance Minister Nirmala Sitharaman on Thursday refrained from outlining specifics for job creation. However, staffing companies and job market experts believe that sectors such as infrastructure, hospitality & tourism, manufacturing, and electric vehicles may experience a job push based on positive signals in the budget.
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The staffing industry witnessed a sharp 5.9% growth in July-September 2023 (Q2 FY24) in comparison to April-June 2023 (Q1 FY2024), recording a robust demand for the flexi (contract) workforce, finds the flexi staffing industry employment growth report for Q2 FY2024 (July-September 2023).