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

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

2024 State of Upskilling consumer survey by Simplilearn leading online bootcamp for digital skills,  reveals that 85% of India Inc are optimistic about promotions, career changes or salary hikes in 2024. The survey highlights the dynamic landscape of upskilling and professional development for working professionals and CXOs across industries. It explores shifting perspectives on career advancement, upskilling priorities, and the evolving landscape of the digital economy.

97% of respondents believe upskilling is an important aspect ofbetter career opportunities

A significant 65% of respondents are enrolled in online certification courses, emphasizing a commitment to continuous learning

Data science, AI, project management, cloud computing, and cybersecurity emerge as the most desired skills

The survey has been conducted among professionals from diverse industries, geographical locations, and career stages. The Survey reveals significant changes in learner attitudes compared to 2023. In 2024, 65% of professionals preferred part-time or online certifications, significantly increasing from 51% in 2023. Conversely, the percentage of professionals opting for self-study increased marginally to 25% in 2024 (compared to 23% in 2023). Similarly, the inclination towards full-time college enrollment declined significantly, dropping 2% in 2024 from 7% in 2023. This shift highlights a declining dependence on traditional educational routes among professionals, indicative of a broader trend favoring upskilling platforms.

Insights :

 Career Expectations: 85% of the respondents actively seek career changes after upskilling, reflecting a dynamic job market.

  • Upskilling Trends: A staggering 45% of respondents cite the need to upskill to leverage new opportunities in their company or desired field.
  • Preferred Upskilling Methods: Among those seeking to upskill, 65% prefer enrolling in part-time online programs or courses, emphasizing the importance of flexible learning options.
  • Top Digital Economy Skills: Data science and business analytics, artificial intelligence and machine learning, program and project management, cloud computing and DevOps, cyber security, product management, and software development emerged as the most sought-after skills among respondents, highlighting the demand for expertise in cutting-edge technologies.

Male respondents constitute 67%, while female respondents comprise 31% of the survey population, with 1% prefer not to disclose. Most respondents (53%) identify as individual contributors, followed by managers (28%) and students (15%).

Also read: Lenovo elevates Yogesh Singhania to the position of Global Head HR – Service Center

Technology and computers lead with 39% representation, followed by banking, financial services, insurance (11%), and healthcare & life sciences (8%).

Sharing thoughts on the survey, Mr. Kashyap Dalal, Co-founder and Chief Operating Officer of Simplilearn, said, “In the dynamic and ever-changing landscape of the IT industry, characterized by market deceleration and frequent disruptions, it is imperative for professionals to upskill for the future. A staggering 65% of respondents are engaged in online certification courses, with 97% affirming that upskilling will significantly augment their career prospects by 2024. These statistics underscore the criticality of upskilling, particularly in burgeoning fields such as data science, AI, and cybersecurity, which are poised to flourish in today’s digital economy.”

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