2021, 2022 & 2023 was a year of industry resurgence in the wake of the Covid-19 pandemic, it was also a year of numerous firsts. As more businesses adjusted their organizational strategies and goals to fit the new norm, technology adoption across sectors doubled.
With more recruiters looking for skilled workers, the need for skill development and upskilling has increased to a new level.
It’s time to examine the trends in hiring and work opportunities that we anticipate in the coming year. Let’s get started with The Indiamag!
1. Fintech job market is booming
In order to provide users an unmatched level of comfort and productivity, the financial services industry is gradually transitioning into a high-tech industry with the introduction of IT and data science as well as cutting-edge technologies like artificial intelligence, blockchain, cloud-based services, etc.
As a result, Fintech now has a ton of job opportunities for youth that you should consider.
Additionally, those working in Fintech will need to be able to manage cross-functional teams, recruit the right technology partners for their company, and deliver results on time.
So, several vacancies like managers would need to possess both hard skills like effective communication and team building as well as a thorough understanding of the contributions of various multidisciplinary functions.
2. IT skills are still in high demand
There is no doubt that IT jobs are still one of the biggest employment trends in the following years.
It is anticipated that the field of information technology (IT) will continue to grow quickly and need a variety of new specialists. The industry is still young and has room to expand, from software developers, programmers, and technicians to IT security and technology consultants.
3. Building a hybrid work model as a flexible future of work
Though hybrid or remote jobs have some drawbacks, like weaker social connections with their colleagues, many still prefer this work model. In the next decades, it is considered as the norm that employees can choose.
4. Customer care chatbots are redefining customer service
By 2025, it is expected that almost half of organizations’ customer support services will be powered by chat-bots, which are being embraced by more and more businesses as a way to improve customer engagement.
In this regard, there would be a rise in demand for jobs in service industries such as travel, learning, and more.
5. The AI and Machine Learning market is on fire
The role of AI and machine learning will only continue to grow in 2024, with a significant increase in the demand for related roles, due to the rapid adoption of technology across industries and completely tech-enabled sectors like IT and BFSI.
As a result, it is predicted that until 2025, the AI and machine learning industries will continue to grow at a CAGR of nearly 34%.
6. The future of the working week
Many companies will choose to shorten the work week instead of increasing pay. In the marketplace, employers are providing significant pay increases to attract and retain great talents.
While some businesses compete for talent solely on the basis of pay, others lack the financial means to do so. Some employers are reducing the number of hours that employees work while maintaining pay parity, as opposed to trying to win the talent war by raising compensation.
In-demand skills you need to learn in 2024
- Creativity: Being creative enables you to come up with fresh approaches to complete tasks, overcome obstacles, and resolve issues. This way of thinking can aid businesses in taking more fruitful actions.
- Time Management Skills: Prioritizing, scheduling, task management, and delegation, are in high demand, just like other soft skills. Working effectively means managing your time. Companies in every sector search for workers who can maximize the time they have at work.
- UX Design: The secret to making the digital world functional for people is user experience design. To meet the growing business demands, entering this promising industry requires the appropriate training and skills.
- SEO Marketing: As more businesses search for candidates with strong search engine optimization marketing skills to improve their organization’s visibility and online presence.
- Adaptability Skills: Developing collaboration requires developing trust. Effective trust-builders are able to manage priorities from all team members, comprehend a variety of points of view, and quickly deliver on commitments as a dependable team member.
Final Thoughts
The pace of the biggest workplace disruption in generations has been happening to all of us, and it won’t stop. The degree of variability in that disruption will change.
In 2024, we will need to embrace the biggest employment trends for youth so that we can keep up to date the best career opportunities for their career growth.