India offers utmost job openings in blockchain and crypto sector
In the APAC region, India recruiters posted the maximum number of job openings, related to blockchain and crypto technology. While the sectors such as software, entertainment and government offer a large number of job openings, however fintech, unexpectedly isn’t looking for as many blockchain experts.
Almost 1 of every 10 blockchain jobs posted in 2017 on LinkedIn, a professional network platform were from India. The share of India in global blockchain/ crypto job openings increased from beneath 1% in 2015 to around 7% in 2016 and over 8% in 2017, as indicated by the company. China and Singapore remained behind at 1.5% each, while Australia had 1%. Globally, US had the most demand for blockchain and crypto related job openings.
In fact, other recruiters also have noticed this trend. One job site has seen a 290% increase in the number of crypto and blockchain jobs posted in the six months to November 2017. Recruitment platform Randstad noted a 50% growth in demand for blockchain experts in 2017 contrasted with the earlier year.
Paul Dupuis, MD and CEO of Randstad India, said, “The core skills expected of candidates aspiring to make a career in blockchain include proficiency in open source programming languages like Core Java and Python and a working understanding of algorithms, data structures and other aspects that aid in smart contracts (a self-executing contract that is the main use for blockchain technology).”
The initial salary ranges from Rs 8 lakh to Rs 12 lakh per year, and can go up to Rs 22 lakh a year for people with over five years of experience, indicates Randstad’s data.
As per Indeed, an employment search engine, Bengaluru is the leading city for recruiters looking for candidates with crypto skills, with more than 36% of all the blockchain job postings in India. It was followed by Mumbai, Hyderabad, Pune and Chennai.
Several companies were aggressively struggling to search candidates with appropriate ranges of skills, said Thammaiah B, Managing Director at recruiting firm Kelly Services.
The majority of them are freelancers working on support and application development areas of a blockchain network and are not creating end-to-end applications/ frameworks. Further, LinkedIn data revealed that software technology companies posted the highest number of job openings for crypto and blockchain-related roles, followed by media and entertainment, and companies in the government/ education sector.