Dropping degree requirements, 30% of Indian employers looking to shift to skills-based hiring: WEF

In a transformative shift, astir 30 per cent of Indian employers are looking to follow skills-based hiring practices by removing grade requirements, a important summation compared to the planetary fig of 19 per cent, said World Economic Forum (WEF) successful its Jobs Report 2025.

The evolving scenery successful India reflects broader trends successful the planetary labour market, with a beardown absorption connected technological innovation and diverseness successful hiring practices, arsenic per the findings.

Digital entree geopolitical tensions, and climate-mitigation efforts are the superior trends that volition signifier the aboriginal of India's occupation marketplace by 2030, according to the WEF.

The WEF added successful its study that the companies operating successful India are heavy investing successful emerging technologies specified arsenic AI, robotics, autonomous systems, and vigor technologies.

These investments are aligned with the planetary propulsion toward technological advancement, with Indian employers anticipating a faster adoption of definite technologies compared to their planetary counterparts.

As per the report, astir 35 per cent of companies successful India expect semiconductors and computing technologies to alteration their operations. It further highlights that astir 21 per cent companies are predicting that quantum and encryption technologies volition person a akin impact.

The WEF successful its study stated that these shifts are expected to make precocious request for roles specified arsenic Big Data Specialists, AI and Machine Learning Specialists, and Security Management Specialists, which are forecasted to beryllium the fastest-growing occupation roles successful the country.

Companies operating successful India are readying to pat into divers endowment pools, with 67 per cent of employers emphasising this strategy, compared to 47 per cent globally successful effect to the increasing request for specialised skills, arsenic per the findings of the report.

Going further, the study pointed retired that digitalisation, clime mitigation and rising outgo of surviving are the cardinal trends expected to interaction labour marketplace translation successful Europe implicit the 2025- 2030 period.

The study besides highlighted that endowment shortages and skills gaps successful the labour marketplace stay a large situation for businesses successful Europe, adding that astir 54 per cent of employers successful the portion expect a worsening successful endowment availability, importantly higher than the planetary norm.