AI Revolution Reshapes IT Job Market and Hiring Trends and Talent Benchmarking Report

HANCOCK, Mich. - Feb. 28, 2024 - PRLog -- Introduction:
In the wake of unprecedented advancements in technology, the Information and Communication Technology (ICT) industry is experiencing a seismic shift. The advent of Artificial Intelligence (AI), coupled with evolving demands across industries, is reshaping the landscape of the global labour market.

A comprehensive report, titled ICT Industry Global Labour Market Analysis, has been published by Talenbrium, shedding light on the transformative trends and dynamics within the IT industry and its subsidiary sectors. Spearheaded by a team of seasoned analysts, the report delves into the intricate interplay of talent supply, demand, salary benchmarking, and job postings across major cities worldwide.

Key Highlights of the Report

• AI and Cybersecurity Fuel Job Growth: While concerns about AI-driven job losses persist, our report finds little evidence of significant negative employment effects. In fact, demand for AI developers, ML engineers, and cybersecurity professionals is surging due to increased security threats and data breaches across industries.
• Global Talent Supply Concentrated in Key Cities: San Francisco Bay Area, New York City, Bengaluru, London, and Paris boast the highest talent pool for tech roles like AI/ML, software development, and blockchain engineering. However, emerging hubs like Atlanta, Toronto, and Bucharest are attracting talent with competitive salaries.
• Salary Benchmarking: New York and Bay Area lead in median salaries, but locations like Bengaluru offer highly skilled professionals at significantly lower costs. East European cities like Budapest and Bucharest present attractive alternatives with growing talent pools and lower salaries.
• University Recruitment: Companies seek fresh talent and innovative approaches from esteemed universities like Queen Mary University, NYU, FU Berlin, and IITs.

Read more at: https://www.talenbrium.com/report/ict-industry-global-talent-benchmarking-report