Hyderabad: Niche tech skills will continue to see robust demand in the next financial year, reveals a survey. These tech skills include artificial intelligence, machine learning, predictive modelling, cloud computing, robotic process automation (RPA), and blockchain development.
The India Technology Industry Compensation Benchmarking Survey 2024, conducted by Deloitte India and NASSCOM, says that technology advancements have given rise to new roles and led to an increased demand for emerging skills, particularly AI skills.
“Organisations are now willing to pay higher premiums for niche skills compared to previous years. Premium for AI/ML increased to 30-35% this year,” said the survey, adding that core skills such as visualisation, risk modelling, data science, and SEO continue to command a premium.
The survey, which also talks about attrition rates, said that the number of employees leaving a company decreased significantly, averaging 14.9% in 2024, down from 19% in 2023.
While the salary increments dropped this year to a tech industry average of 8.6% and a business process management (BPM) industry average of 8.1% in FY2024, average salary increments for FY2025 are projected to be 8.5% in the tech industry and 8.1% for the BPM industry.
It further said that bonuses are projected to decline in FY2025, averaging 14-16%, with variations based on levels of management. High-performing employees continue to be disproportionately rewarded, with payouts ranging from 1.6x to 1.8x that of average performers, it added.
The survey also talks about the representation of women across levels and functions continuing to dwindle.
