Blockchain
Demand for niche tech skills remains strong in India despite economic slowdown due to COVID-19
Despite the economic setback India is experiencing from the COVID-19 pandemic, business leaders and experts are predicting the Indian economy and recruitment landscape will bounce back in the near future. However, the demand for technology talent with niche skill sets in ecommerce, artificial intelligence (AI) and other emerging industries continues to stay strong.
This is according to RGF International Recruitment’s latest Salary Watch: India report, which aims to better understand salary trends across all industries and job levels in India based on targeted research of more than 207,000 candidates.
In terms of salary data for jobs in the technology industry, Cybersecurity Directors at global MNCs are able to command up to INR90,00,000 per year. Meanwhile, AI & Data Science Architects and Mobile Development Architects can earn up to INR1,00,00,000 and INR70,00,000 respectively.
As ecommerce has gained popularity across India, the need for qualified talent to support these on-demand services, websites and applications is on the rise. Ecommerce directors at a global MNC command up to INR3,50,00,000 per year, while Digitalization and CRM Managers can earn up to INR60,00,000 and INR40,00,000 per year respectively.
Paving the way for future growth, India’s smart manufacturing sector also has a strong demand for qualified talent, including highly-experienced Production Directors and who can command up to INR1,00,00,000 per year at an MNC, while R&D Managers and Quality Management Supervisors at similar firms with comparatively fewer years of experience can earn up to INR24,00,000 and INR25,00,000 respectively.
“The COVID-19 outbreak has certainly impacted the Indian economy with hiring freezes, salary cuts and layoffs in some of the more affected sectors. However, the sheer size and diversity of the Indian job market should allow it to make a swift and strong recovery from this dip. Technology-driven industries remain relatively unaffected as the demand for digital services in AI, big data, cybersecurity, and ecommerce continues to rise amidst the global pandemic,” said Sanjay R. Shastry, Managing Director, RGF Executive Search India.
“In volatile times like this, businesses need strong leaders who have the agility and prudence to quickly pivot their business strategy and work towards making organisations crisis-ready. Recruiters looking to hire at this time must seek out candidates with the necessary leadership skills and forward-thinking perspective to drive business growth, both during and after the pandemic,” said Sachin Kulshrestha, Managing Director, RGF Professional Recruitment India.
A global leader in IT services, India has seen a widening skill gap in recent years as artificial intelligence, machine learning, blockchain and other advanced software rises to prominence. The World Economic Forum forecasted that half of India’s workforce will need reskilling by 2022. Although fresh graduates can help to plug some of this gap, there is an urgent need for businesses to enhance training and development exercises to ensure that their workforce’s skills remain sharp and relevant.
RGF also found that 38% of professionals in India across all industries expect a salary increase when they change employers. Additionally, job candidates in India are also motivated by career advancement and development opportunities, with 68% saying they would be interested in joining or staying at a company that allows them to expand their knowledge and skills, with another 65% factor in the title and responsibilities of the role.
Hot Jobs in India
Here is an overview of some of the key job roles and India along with the minimum and maximum salary for each.
Download your copy of the Salary Watch 2020: India report here for a full breakdown of all the salaries & insights.
|
Industry |
Position at Global MNC |
Minimum Annual Salary |
Maximum Annual Salary |
|
Smart Manufacturing |
Manufacturing Production & Operations Director |
INR60,00,000 |
INR1,00,00,000 |
|
Research & Development Manager |
INR14,00,000 |
INR24,00,000 |
|
|
Quality Management Supervisor |
INR17,00,000 |
INR25,00,000 |
|
|
Technology, Internet & Telecommunications |
Cybersecurity Director |
INR70,00,000 |
INR90,00,000 |
|
AI & Data Science Architect |
INR50,00,000 |
INR1,00,00,000 |
|
|
Mobile Development Architect |
INR40,00,000 |
INR70,00,000 |
|
|
Financial Services |
Relationship Management Director |
INR65,00,000 |
INR85,00,000 |
|
Investment Banking Associate |
INR45,00,000 |
INR75,00,000 |
|
|
Healthcare & Life Sciences |
Quality Director |
INR1,10,00,000 |
INR1,40,00,000 |
|
R&D Director |
INR1,30,00,000 |
INR1,70,00,000 |
|
|
Consumer Goods & Retail |
Digitalization Manager |
INR40,00,000 |
INR60,00,000 |
|
CRM & Account Manager |
INR30,00,000 |
INR40,00,000 |
|
|
Ecommerce Director |
INR2,50,00,000 |
INR3,50,00,000 |
|
|
Corporate Services |
Legal & Compliance Director |
INR70,00,000 |
INR1,20,00,000 |
|
HR Manager |
INR55,00,000 |
INR70,00,000 |
The winners of the GAM3 Awards 2024 have been crowned! The 21 champions were revealed at a live event presented in partnership with Yield Guild Games (YGG) on November 22nd, marking a well-deserved close to the year and celebration of how far the web3 gaming industry has come.
Following an extremely close competition between the top games, creators, and ecosystems in the industry, our GAM3 Awards victors were revealed during the 2-hour in-person event in Manila and across all major live-streaming platforms. Each game, content creator, and ecosystem managed to top their category to stand out amongst their peers based on their tremendous progress made over the past 12 months.
The 2024 Winners
Here is the full list of winners:
- Best Fighting Game: Champions Ascension
- Best Art Direction: Moonfrost
- Best Browser: Pirate Nation
- Best Mobile Game: Fableborne
- Best RPG: Big Time
- Best Strategy Game: Parallel
- Best Action Game: Off the Grid
- Best Casual Game: Pixels
- Best Sports Game: Sparkball
- Best Adventure Game: Ravenquest
- Best Card Game: Parallel
- Best Shooter Game: Off the Grid
- Best Content Creator: YellowPanther
- Best On-Chain Game: Pirate Nation
- Best Ecosystem: Ronin
- Games’ Choice: Wildcard
- Best Esports Game: Parallel
- Best Multiplayer Game: Off the Grid
- People’s Choice: Pixels
- Most Anticipated Game: MapleStory Universe
- Game of the Year: Off the Grid
Prizes and Partners
Among the exciting updates for our 2024 GAM3 Awards was the increased $5 million prize pool, which consisted of grants, products, services, marketing, and blockchain support from partners such as AWS, XAI, Thirdweb, Aethir, and Community Gaming among others to help finalists and winners grow even further.
This represented a substantial increase from previous years and underscored our event’s commitment to supporting and fostering the next generation of web3 games. In addition to YGG, we also partnered with Arbitrum, Magic Eden, Immutable, Avalanche, and Skale to make this year’s event even bigger and better than previous years.
Jury and Voting
This year’s jury featured over 70 prominent traditional and blockchain gaming figures, with many returning jurors from previous ceremonies. The diverse panel included representatives from powerhouses such as Amazon, Google, Samsung, Ubisoft, Animoca Brands, Immutable, Arbitrum, Blockchain Game Alliance (BGA), Base, Ronin, and Avalanche, as well as content creators and major media outlets such as VentureBeat.
Much like previous years, the voting process saw the jury’s votes represent 90% of the final decision, with the community making up the remaining 10% for most categories except People’s Choice and Best Content Creator, which were both 100% community voting-based, and Games’ Choice, which is based on shortlisted game studios voting for their favorite title game.
Community voting played a role in deciding the final decisions with over 1 Million votes from over 143k unique voters. Early October marked the GAM3 Awards 2024 announcement. Since then, hundreds of web3 games urged their communities to nominate and vote for them across different categories. Thousands of social posts were spread across partners, games, media outlets, content creators, and community members generating over 60 Million impressions.
Final Thoughts
The GAM3 Awards 2024 ceremony on November 22nd saw a peak viewership of 48k CCV, reaching over 450k views in the first 24 hours alone. Off The Grid by Gunzilla Games took home four awards, including the coveted “Game of the Year” award. This was followed closely by Parallel, who claimed an impressive three awards. Pixels and Pirate Nation took home two awards each!
With over 300+ in-person attendees, viewers got to witness gameplay premiers and exclusive premier trailers from Golden Tides, Unfettered, Elumia, Providence, Shrapnel, Raven Quest, Mighty Bear Games, Revenge, Trail Xtreme, Warped, and more! All of which are a testament to the bright future of web3 gaming as we head into 2025 with the event expected to return next November for its fourth consecutive edition.
The post The GAM3 Awards 2024 Winners Announced appeared first on News, Events, Advertising Options.
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