Frontend, Data Science, AI and DevOps Are the Highest Paying Technology Sectors — Study

The accelerated digital transformation has opened a multitude of avenues in the technology sector, supplemented with significant demand for tech talent in the space. This has led to an unprecedented increase in the career prospects of technology experts, opening opportunities for some of the highest-paying jobs in the country.

To take just one example from the numerous comprehensive data points, according to the Report, streaming and OTT platforms pay the highest salaries for senior frontend talent (10+ years experience), followed by internet-based product companies for mid-level (6-10 years experience), and the food tech sector for junior level (2-5 years experience). E-commerce brands pay the highest senior-level salaries for backend tech, fintech pays most for data scientists, and quick commerce brands try to attract the best app development and management senior talent with the highest salaries.

The Report has also revealed some eye-opening figures about tech skills that are most popular among tech talent. Python dominates data science, winning in popularity with 75% of India’s data scientists specializing in it.

Among app developers, Android leads with 48%, which is 2x more popular than iOS (24%). Furthermore, React (also 24%) is the most popular frontend framework, whereas HTML and CSS (31%) are the most popular frontend languages among young tech talent in India.

 

The Report also confirms that Bangalore is the top city where tech candidates are located. It also reveals that remote and hybrid work has led to an increase in talent in Tier II & III cities. What this means for tech recruiters and talent acquisition specialists is that cities like Pune, Indore, Ahmedabad, Jaipur, and Chandigarh are excellent sources of tech talent, especially for newer tech roles in AI and app development. Given the rise in remote working, recruiters can leverage these sources.

Despite the rise in female talent on the whole, there is still a wide gender diversity gap in tech talent. The overall ratio is 25:75 females to males, on average. Backend developers face the widest gender diversity gap in Indian talent, witnessing a 17:83 ratio. On the other end of the gender divide, Quality Analysis has the narrowest gap, with 42% female profiles. Tech recruitment has a long way to go to close these gaps.

Stats state that there is a huge 20% demand-supply gap for tech talent in India which can grow 3x by 2026. The Report recommends that the Indian tech industry needs to encourage upskilling and reskilling among existing tech talent in the short term, and collaborate with educational institutions to upgrade the tech syllabi to create job-ready Indian tech talent in the long term.

What’s next?

The Fourth Industrial Revolution is happening. Tech talent trends show that new technologies like Internet of Things (IoT), cyber security, blockchain technology, and metaverse development are growing at an unprecedented rate. This is true for both: candidates and recruiters & talent acquisition leaders, across business verticals. As technology pervades businesses, new roles and specializations such as Web 3.0, cyber security & quality assurance, gaming developers, AR & VR platform integration coders, and computer vision technologists are poised to storm India’s tech talent recruitment strategies.

HR Tech Platform InstaHyre Continues to Move on an Exponential Growth Trajectory

Trusted hiring partner for more than 30 million job seekers and 10,000+ companies, the HR Tech platform has enjoyed a solid year of business growth in 2021 and is expecting continued growth in the current year as well.

Instahyre - an advanced AI-based hiring platform, has recently announced strong fiscal, customer and internal growth for FY21 as well as upcoming strategies for expanding business in 2022. The AI-powered hiring platform has grown 4x in the last year, witnessing most of its growth within the last 6-7 months attributable to the launch of its innovative hiring technologies and subsequent boost in sales.

Instahyre has recorded a solid year of business growth in FY21 that included a 4.2X increase in the revenue accompanied by an increase of staff to over 3X. Additionally, the company also witnessed a 380% increase in the number of job seekers on the platform. Instahyre’s SaaS product offering has also contributed to the addition of 30 million candidates and over 7000 companies ranging from enterprises to high-growth startups and unicorns.

In addition to the upgradation to the SaaS product, the company has added new technologies to its portfolio, including Instahyre Drives, which claims to handpick the best candidates for mass hiring using AI instantly. The new product technology has garnered traction from companies like Amazon, Walmart, Google and 800 of the world’s largest companies, unicorns and high-growth startups.

Sarbojit Mallick

“We are extremely happy with our 2021 results from product, revenue and operations perspective. Owing to these successes, we are very well positioned for expansive growth of the team, customers and company. The team size has increased and we are strengthening our departments with senior hires as we look to launch globally. We will be focussing on expanding in the IT services segment, where we have received overwhelming response. For geographical expansion we are looking to foray into US talent markets as many US companies and startups already use Instahyre for their Indian offices,” commented Sarbojit Mallick, Co-founder & CBO of Instahyre.

A major initiative Instahyre has undertaken for the current year is to build a unified platform for recruitment with automation with 10-12x more candidate engagement than any of the available solutions in the market. The AI-powered hiring platform uses technology to understand a candidate’s personality and employer DNA to match them. Additionally, the company processes millions of data points to understand intent and behaviour from both the supply and demand points of view.

The new products from Instahyre will help integrate all the hiring segments, from sending the first email to the offer email. The platform helps with 50-80% of all the hiring needs of its clients with intelligent inputs from Instamatch for building a high-performance talent pipeline. Additionally, it has saved 72% of the hiring costs of its clients by using technology extensively to automate manual tasks, reminders, etc., for faster closure, reducing time-to-hire and lowering the cost-per-hire.

Founded in 2016, Instahyre is an advanced hiring platform that leverages artificial intelligence to enable recruiters to hire top talent effortlessly. The AI-powered hiring platform condenses hours’ worth of manual efforts such as applying filters to search for suitable candidates, checking if they are interested etc., by providing recruiters with a curated list of candidates ready for hire. In addition, the AI-led hiring enables recruiters to spend more time perfecting candidate experience, while Instahyre does the heavy lifting of providing quality profiles.