Demand for niche skills on rise; Firms hiring Metaverse engineers aggressively
As per a survey, companies are hiring Metaverse engineers rapidly. Experts predict that demand will rise in the coming months as more organisations jump on board the metaverse bandwagon. Continue reading to learn more.
As companies began experimenting with the Metaverse last quarter, the creator of a metaverse firm is on a recruiting spree. But the talent is scarce and hiring them is too expensive.
According to a survey by Xpheno, active job postings for techies with Metaverse-related talents like AR/VR, blockchain, and AI have increased by 8–18% in the previous three months, with increases reaching as high as 80%.
This comes at a time when large corporations, from banks to consumer goods companies to IT corporations, are betting big on this new technology. Experts predict that demand will rise in the coming months as more organisations jump on board the metaverse bandwagon.
People can interact with their digital avatars in a virtual concert, interviews, or meetings in the Metaverse, a 3D virtual world.
Why sudden demand
Meta has become more than a catchphrase after Facebook renamed itself Meta in October 2021 to represent its focus on the Metaverse. After Meta, Microsoft said in November 2021 that it will be focused on the Metaverse through Microsoft Teams.
The news sparked interest in the sector from startups, IT firms, and traditional businesses wanting to join in on the action.
In India too we are witnessing a similar uptick in companies expanding their Metaverse operations and recruiting expertise to support this shift.
Consumer brands like Tata Tea collaborated with startup Yug Metaverse to bring Holi to the Metaverse. The Telangana government will unveil its SpaceTech framework, created by Gamitronics, on the PartyNite Metaverse.
Programming languages such as C/C++, Python, AR/VR expertise, Unity, and Android/iOS app developers are in high demand.
With the increase in demand, the pay scale is also rising. The remuneration might range from Rs 8 lakh to Rs 55 lakh, depending on experience and skillset, with an average increase of 50–70%.
What companies are doing about the talent crunch
The pandemic has increased the demand for IT experts, and the sector is already experiencing a severe talent shortage, despite increased attrition among IT organisations. According to analysts, the demand-supply discrepancy would have an influence on the sector.
Companies are willing to pay a premium for talent. Companies are even hiring people from smaller cities and towns in India, and deploying them in projects. Other startups are collaborating with local communities to find talent.
Teamlease said they are working with Teamlease edtech to train candidates based on demands.
TCS, for example, is training employees to fill these positions internally. “We have the confidence that no technology is too difficult for us to overcome,” says TCS’ Ramanujam. He stated that one of the important characteristics the organization looks for when employing new employees is a willingness to learn new things in the future. “As a result, we’re confident in our ability to find the talent we’ll need.”
Despite the difficulties, India will remain a top talent hub.
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