People with certain niche tech skills can expect a surge in opportunities at startups, with more than 5,000 jobs likely to be created this year, according to estimates from Nasscom, placement firms, startups and venture capital funds.
The demand for data analysts, machine learning/artificial intelligence experts, UX/UI (user experience/user interface) designers, cybersecurity and product development experts is outstripping supply. Salaries for these roles are rising, in some cases by up to 50%.
“Building talent pool with critical tech skills is a priority at startups as they are now focused on building scale and value,” said Nasscom senior vice president Sangeeta Gupta. “With over 1,000 startups being created every year, the demand would be about 5,000 to 8,000 (jobs) for techies.”
Pay is up as talent is scarce. “This year, the salaries for tech talent at startups would see an upward revision of at least 50%,” Gupta said. However, raises will be limited to product and technology teams at startups, said Rituparna Chakraborty, executive vice president, TeamLease. “Salaries for non-tech/general skills at startups would remain flat,” she said.
Those in demand are people with four-six years of work experience with annual salaries of Rs10-20 lakh. Companies are looking at engineering resumes with that sort of experience in the software development space across functions, said Siby Joseph of ManpowerGroup India.
At the top end, say for big data scientists, salaries can exceed Rs 1crore. The trend was confirmed in conversations with executives at half-adozen startups and a few venture capitalists.
Startups such as LimeRoad, BankBazaar, MobiKwik, Razorpay, Voonik and InMobi are busy hunting for such workers across all levels while VCs like IvyCap Ventures and White UnicornBSE 0.00 % Ventures are helping their portfolio companies hire such people. Placement firms including ManpowerGroup, Kelly and TeamLease echoed this theme.
No comments:
Post a Comment