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 |
Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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