The findings revealed that service sector dominates all sectors by contributing 54.4 percent to the GDP. The demand for web development jobs is on rise driven by the need of desktop-like functionalities to support Web 2.0 applications.
Youth4work is a next generation people search platform that offers ‘pre-assessed’ talent communities for companies to engage and contact.
Founded by Rachit Jain, Youth4Work is a platform where individuals showcase their talent and skills, and are then tested and scored vis-à-vis thousands of others. These pre-assessed profiles are then made available to companies for engaging and communicating about their brand or hiring more efficiently and quickly. The platform also helps companies engage people with specific skill sets. Youth4work’s technology also enables colleges to assess students multiple times in a year and chart out one’s performance in comparison with other students.
In 2014, the firm raised $500,000 bridge capital from a group of investors including angel investors Sanjay Bansal, Dan Sandhu, Aurum Equity Partners LLP and GAP investments.
Rachit Jain, CEO and Founder of Youth4work, said,
With the advent of initiatives like ‘Digital India’ and ‘Make in India’, the present government has made it quite clear that IT sector will play an important role in the development of India. The ‘Make in India’ campaign is giving a push to the already aspiring entrepreneurs and technology driven startups.
The findings also revealed that innovative apps, web development and SEO optimisation are the current market, trends which are generating a large number of job opportunities for the youth.
On the demand-supply gap between the talent possessed and required, it highlighted that the demand for PHP talent (1.29 percent of the total Jobs on platform) is the highest in number whereas the demand for Advance Java jobs (0.4 percent) is the lowest among them. The demand for PHP talent is driven by the free licensing PHP developers get.
SQL server is the highest paying job, among the most in-demand roles, be it for freshers or experienced professionals. On the other hand, Advance Java Jobs offers the lowest salary among them.