85% of India Inc Optimistic about Promotions, or Salary Hikes in 2024: Survey

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The criticality of upskilling in today's ever-changing IT industry. With 65%  of respondents engaged in online certification courses, he highlighted the significance of expertise in fields like data science, AI, and cybersecurity for career growth in the digital economy.
85% of India Inc Optimistic about Promotions, or Salary Hikes in 2024: Survey

In a recent survey conducted by Simplilearn, a leading online bootcamp for digital skills, it was revealed that 85% of India Inc. professionals are optimistic about their career prospects in 2024. The survey sheds light on the evolving landscape of upskilling, career advancement, and the digital economy.

 

Key Findings

  • Upskilling Importance: 97%  of respondents believe that upskilling is crucial for better career opportunities. A significant 65%  of professionals are currently enrolled in online certification courses, demonstrating their commitment to continuous learning.
  • Desired Skills: The most sought-after skills include data science, AI, project management, cloud computing, and cybersecurity.
  • Shift in Learning Preferences: In 2024, 65% of professionals prefer part-time or online certifications, a significant increase from 51% in 2023. Self-study has also seen a marginal rise to 25% (compared to 23%  in 2023), while full-time college enrollment declined by 2%.
  • Career Expectations: After upskilling, 85% of respondents actively seek career changes, reflecting the dynamic job market.
  • Preferred Upskilling Methods: 65% prefer enrolling in part-time online programs or courses, emphasizing the importance of flexible learning options.
  • Top Digital Economy Skills: Skills in data science, AI, machine learning, program management, cloud computing, cyber security, product management, and software development are in high demand.
  • Demographics: Male respondents constitute 67%, female respondents are 31%, and 1% prefer not to disclose. Most respondents identify as individual contributors (53%), followed by managers (28%) and students (15%).
  • Industry Representation: Technology and computers lead with 39%, followed by banking, financial services, insurance (11%), and healthcare & life sciences (8%).

 

Expert Insights

Mr. Kashyap Dalal, Co-founder and Chief Operating Officer of Simplilearn, emphasized the criticality of upskilling in today’s ever-changing IT industry. With 65%  of respondents engaged in online certification courses, he highlighted the significance of expertise in fields like data science, AI, and cybersecurity for career growth in the digital economy.

 

Conclusion

As India continues to be the fastest-growing major economy globally, professionals must embrace upskilling to thrive in the dynamic job market of 2024. The demand for cutting-edge skills remains high, making continuous learning a strategic imperative for success.

Stay tuned, to PropleManager.co.in for further updates on the evolving workplace paradigm.      

 

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