Employment scenario: Indian employers want to outperform others in chip and computing technology

Increasing digital access, geopolitical tensions and climate mitigation efforts are the key trends expected to shape India’s employment future by 2030, the World Economic Forum said in a report. Ta.

Like their global peers, companies operating here are investing heavily in AI, robotics and autonomous systems, and energy technology.

Indian employers also plan to adopt certain technologies at a faster pace than global adoption, with 35% saying semiconductors and computing technology and 21% saying quantum and cryptography will transform their operations. I expect that.

Jobs predicted to grow the fastest in the country, such as big data specialists, AI and machine learning specialists, and security management specialists, align closely with global trends. To address talent needs, companies operating in India are leveraging a diverse talent pool (67% compared to 47% globally) and increasing skill-based skills by eliminating degree requirements. We expect hiring to be effective (30% compared to 19% globally).

The report says the global workforce urgently needs to upskill if it wants to stay employed, estimating a net gain of 78 million jobs over the next five years.

According to the study, 170 million new roles will be created over the next five years, while 92 million will be eliminated.

The biggest hurdle in the skillset gap

According to the WEF, while the skillset gap remains the biggest hurdle for employers, artificial intelligence (AI) will play a key role in restructuring business models. Approximately 41% of employers surveyed plan to reduce their workforce as AI automates certain tasks.

Till Leopold, Head of Labour, Wages and Job Creation at the World Economic Forum, said: “Trends such as generative AI and rapid technological innovation are transforming industries and labor markets, presenting both unprecedented opportunities and serious risks. It is producing,” he said. “The time has come for businesses and governments to work together, invest in skills and build a fair and resilient global workforce,” Till Leopold, head of labor, wages and job creation at WEF, said in a statement. ” he said.

The study, called “The Future of Jobs Report 2025,” collected data from more than 1,000 companies and found that “technological advances, demographic shifts, geoeconomic tensions, and economic pressures” are driving “industries around the world. and the restructuring of the profession.”

Skills in demand in the coming years will include technology skills such as AI, big data and cybersecurity, but “human skills” such as creative thinking, resilience, flexibility and agility will remain important. “In a rapidly changing job market, the combination of both skills will become increasingly important,” the release states.

AI-based roles on the rise

Interestingly, India is now seeing a need for more AI-based roles across the hierarchy and is also reflected in the layout of Indian campuses. A recruitment team at India’s top engineering universities told Mint that companies primarily hire cognitive scientists, data scientists, quantitative strategists and developers, as well as AI-focused developers, researchers and application engineers. The company is currently recruiting for the role of

Job prospects will increase for those employed as farmworkers, laborers, and other agricultural workers, light truck and delivery service drivers, software and application developers, and caregivers. According to the study, occupations such as cashiers and administrative assistants are still the fastest declining, but are now joined by occupations such as graphic designers as “generative AI rapidly reshapes the labor market.” It turned out that there was.

This study showed that skills gaps are the biggest barrier to business transformation. Around 40% of job skills are set to change, with 63% of employers already citing it as the main barrier they face.

While 77% of employers are reskilling their employees, WEF found that “nearly half of employers are planning to move employees from roles exposed to AI disruption to other parts of the business. We look forward to seeing this as an opportunity to alleviate skills shortages while reducing the human costs associated with technological transformation.” ”