New Delhi, June 16: A recent report highlights a significant shift in the job market, emphasizing the importance of AI skills alongside traditional degrees. According to HR firm TeamLease, 40% of companies now prefer candidates with a combination of a degree and knowledge of AI tools. This trend is reshaping various sectors, including IT, law, commerce, translation, design, and library science, as AI tools increasingly replace or reduce the need for traditional roles.
The National Association of Software and Service Companies (NASSCOM) reports that 82% of BCA and MCA graduates lack formal training in AI tools. The World Economic Forum indicates that jobs will favor those who can enhance productivity by up to 40% using AI. A report from the IBM Institute for Business Value suggests that while AI will not replace humans, those who leverage AI will outpace those who do not. By 2030, it is projected that 22% of jobs may be affected by AI advancements.
In a related development, China has canceled or suspended over 12,200 undergraduate programs between 2021 and 2025, while introducing approximately 10,200 new programs focused on AI and related fields.
Experts warn that if educational methods do not evolve, traditional degrees may lose their value. Students are encouraged to engage in live projects, obtain professional licenses for AI tools, and seek internships to gain practical experience. The job market is increasingly looking for individuals who can handle the workload of multiple employees, with companies willing to offer higher salaries for those who can save time and costs through AI.
As the landscape shifts, new opportunities are emerging, particularly in Global Capability Centers (GCCs) across India, which are actively hiring individuals with AI skills at competitive salaries. Despite initial hiring freezes in traditional companies, the long-term outlook for job growth remains positive.
The report underscores the necessity for job seekers to adapt to the evolving demands of the workforce, where AI proficiency is becoming a critical asset.