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Business Times
08-06-2025
- Business
- Business Times
Demand for AI-related talents increasing globally across sectors
[SINGAPORE] It has been an active market for global roles in the area of artificial intelligence (AI), with several top-level appointments being reported in recent months. Akshay Mendon, Singapore head for executive search firm EMA Partners, said: 'While tech-enabled businesses were first to the post, we are seeing a huge surge in demand (for AI-related jobs) from traditional companies in product manufacturing and energy and logistics.' Top-level AI-related appointments in the last couple of months include in-flight caterer Sats' appointment of Sandeep Sakharkar as chief digital officer in May. The position is a newly established one in Sats, which said in a statement: 'The role of the chief digital officer in Sats is to lead the development and execution of Sats' digital strategy.' The chief digital officer there is also expected to ensure a seamless integration of advanced data analytics, automation, AI and operational excellence into the company's global operations, said the company's spokesperson. Cheng Wan Hua, head of talent analytics for South-east Asia at professional service firm Aon, noted that the demand for AI-related services is more pronounced in financial services, professional services, logistics, and healthcare. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up She added: 'We are expecting a majority of Asia-Pacific organisations to now have roles requiring AI skills, departing from the traditional belief that these roles are primarily in the data science and engineering space.' These regional or global senior-level appointments come as no surprise. Globally, firms have been announcing senior hires in this area. Semiconductor giant Intel and cosmetics company Estee Lauder are among the latest to set up new leadership positions in AI and digital transformation; even the White House has ordered federal agencies to name chief AI officers. Another recent appointment in this area was made at Standard Chartered, which announced on Monday (Jun 2) the appointment of Yusuf Demiral as global head in the wealth and retail banking data, analytics and AI department. Demiral, in this newly created role, will lead the scaling up of the bank's AI capabilities in the wealth and retail banking arenas, said the spokesperson. In April, the bank announced the appointment of David Hardoon as global head of AI enablement, another newly created role. The bank has also adopted SC GPT, a generative AI tool to enhance operations and productivity, and to tailor sales and marketing efforts to boost the bank's revenue, said the spokesperson. These appointments involve a global or regional focus over AI and digital operations, observers noted. Apart from the hirings, efforts are underway to build up specialist expertise in AI. Mendon of EMA Partners said that at least half of the executive search firm's client base, based in traditional sectors, have already set up an AI Centre of Excellence in the city-state, or are taking steps to do so. Consulting firm Deloitte announced on Tuesday the launch of its Apac Agentic AI Centre of Excellence, which is to bring together more than 120 AI specialists from the Asia-Pacific and more than 6,000 practitioners from the region. Agentic AI enables AI agents to work independently, coordinate workflows and learn and adapt over time, said Deloitte. Deloitte is not the only consulting firm dipping its toes into agentic AI. On Wednesday, EY announced its agentic AI offering, EY Studio+. A spokesperson for the professional-services firm said the studio, which works with clients from industries ranging from tourism and hospitality to healthcare, combines its organically grown EY businesses with 37 companies it acquired, which bring specialised skills in design, sales, marketing and customer-experience technology to the table. Cheng from Aon predicted that agentic AI will be the trend in the foreseeable future. 'Agentic AI will augment human roles, requiring new job architectures and performance metrics,' she said. Despite the growth in demand for AI-related jobs across different industries, human-resource firms are wary of the risk of a bloated AI workforce. Mendon said: 'We have seen multiple examples of companies over-hiring based on uptrends.' His advice: Hire first based on a few critical business-related AI use cases at a country or regional level, and then prudently hire headcount only after that. Cheng concurred, saying: 'Take measured steps, avoiding the extremes of over-centralisation or fragmented experimentation. 'Decisions should be made on the basis of available data such as market benchmarks or past evidence.' She added that, AI-related experience aside, it is also important for job candidates to have relevant soft skills, such as being able to learn continually and handle changes. She singled out critical thinking as one of the most important soft skills to possess: 'There is a consequent necessity to evaluate the accuracy of AI-generated output and anticipate ethical implications.' Mendon believes that having strong learning agility is essential to staying relevant in the workforce: 'Professionals who can combine their AI knowledge with its application to enhance business cases, will be sought after in the coming years.'
The Hindu
03-06-2025
- Business
- The Hindu
Infosys CEO among highest paid in Indian IT as compensation rose 22% to $9.4 million last fiscal
Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), the company said in its annual report on Monday, making him one of the highest-paid Indian IT chiefs currently in office. Parekh, the longest-serving non-founder CEO at the IT company, earned a fixed salary of 79.4 million rupees and bonuses of 231.8 million rupees. The largest portion, 495 million rupees, resulted from the chief executive of India's No. 2 IT services firm exercising his stock options. In comparison, Parekh earned $7.9 million in 2024 and $6.76 million in 2023, with the rise in pay, mainly due to a greater number of stock options exercised during the year. For the financial year 2025, Infosys reported a revenue growth of 4.2% in constant currency terms, falling short of its forecast of 4.5%-5%. For the current fiscal year, it forecast a flat to 3% growth in revenue, signalling a weaker business environment. India's $283-billion IT sector is facing another year of slowing growth, partly due to the U.S. tariff policies, which complicate forecasting market conditions in key markets and client segments. "Majority of Infosys revenue is from the U.S. and other global markets. The compensation is in line and consistent with what companies of this scale and size pay globally. Boards of Indian tech companies are indeed aware and need their leaders to be retained and paid appropriately in this challenging environment," said K Sudarshan, managing director at executive search firm EMA Partners. K Krithivasan, CEO of Infosys' larger rival Tata Consultancy Services earned $3.11 million, and smaller rival Wipro's CEO Srinivas Pallia earned $6.28 million, according to their latest annual report. Infosys is one of the two among India's top five IT companies that have retained their CEO at the helm over the last 18–24 months, with HCLTech being the other.
Time of India
02-06-2025
- Business
- Time of India
Infosys CEO among highest paid in Indian IT as compensation rose 22% to $9.4 mln last fiscal
Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), the company said in its annual report on Monday, making him one of the highest-paid Indian IT chiefs currently in office. Parekh, the longest-serving non-founder CEO at the IT company, earned a fixed salary of 79.4 million rupees and bonuses of 231.8 million rupees. The largest portion, 495 million rupees, resulted from the chief executive of India's No. 2 IT services firm exercising his stock options. In comparison, Parekh earned $7.9 million in 2024 and $6.76 million in 2023, with the rise in pay, mainly due to a greater number of stock options exercised during the year. For the financial year 2025, Infosys reported a revenue growth of 4.2% in constant currency terms, falling short of its forecast of 4.5%-5%. For the current fiscal year, it forecast a flat to 3% growth in revenue, signalling a weaker business environment. India's $283-billion IT sector is facing another year of slowing growth, partly due to the U.S. tariff policies, which complicate forecasting market conditions in key markets and client segments. "Majority of Infosys revenue is from the U.S. and other global markets. The compensation is in line and consistent with what companies of this scale and size pay globally. Boards of Indian tech companies are indeed aware and need their leaders to be retained and paid appropriately in this challenging environment," said K Sudarshan, managing director at executive search firm EMA Partners. K Krithivasan, CEO of Infosys' larger rival Tata Consultancy Services earned $3.11 million, and smaller rival Wipro's CEO Srinivas Pallia earned $6.28 million, according to their latest annual report. Infosys is one of the two among India's top five IT companies that have retained their CEO at the helm over the last 18-24 months, with HCLTech being the other.
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Business Standard
02-06-2025
- Business
- Business Standard
Infosys CEO's compensation rise 22%; among highest paid Indian IT chiefs
The compensation of Infosys Chief Executive Officer (CEO) Salil Parekh has increased by 21.7 per cent to around ₹80.58 crore ($9.44 million), according to the company's annual report. This makes him one of the highest paid Indian IT chiefs currently in office. Parekh is also the longest serving non-founder CEO at the IT company, where he earned a fixed salary of ₹7.49 crore with a bonus of ₹23.18 crore. The largest portion, ₹49.5 crore, resulted from the CEO of India's second IT services firm exercising his stock options. Parekh earned $7.9 million in 2024 and $6.76 million in 2023, with the rise in his pay in 2024 coming from stock options. Infosys reported the revenue growth of 4.2 per cent, in constant currency terms, for FY25. The company fell short to their estimates of 4.5 per cent to 5 per cent. For the current financial year, their estimates suggests 3 per cent growth in the revenue, which clearly signals the weaker business environment. The $283 billion IT sector of India is facing yet another year of slow growth, partly due to the U.S. tariff policies, which complicate forecasting market conditions in key markets and client segments, according to a Reuters report. K Sudarshan, managing director at executive search firm EMA Partners has said "Majority of Infosys revenue is from the U.S. and other global markets. The compensation is in line and consistent with what companies of this scale and size pay globally. Boards of Indian tech companies are indeed aware and need their leaders to be retained and paid appropriately in this challenging environment," Infosys is one of the two among India's top five IT companies that have retained their CEO at the helm over the last 18-24 months, with HCLTech being the other. K Krithivasan, CEO of Infosys' larger rival Tata Consultancy Services earned $3.11 million, and smaller rival Wipro's CEO Srinivas Pallia earned $6.28 million, according to their latest annual report.
Yahoo
02-06-2025
- Business
- Yahoo
Infosys CEO among highest paid in Indian IT as compensation rose 22% to $9.4 million last fiscal
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), the company said in its annual report on Monday, making him one of the highest-paid Indian IT chiefs currently in office. Parekh, the longest-serving non-founder CEO at the IT company, earned a fixed salary of 79.4 million rupees and bonuses of 231.8 million rupees. The largest portion, 495 million rupees, resulted from the chief executive of India's No. 2 IT services firm exercising his stock options. In comparison, Parekh earned $7.9 million in 2024 and $6.76 million in 2023, with the rise in pay, mainly due to a greater number of stock options exercised during the year. For the financial year 2025, Infosys reported a revenue growth of 4.2% in constant currency terms, falling short of its forecast of 4.5%-5%. For the current fiscal year, it forecast a flat to 3% growth in revenue, signalling a weaker business environment. India's $283-billion IT sector is facing another year of slowing growth, partly due to the U.S. tariff policies, which complicate forecasting market conditions in key markets and client segments. "Majority of Infosys revenue is from the U.S. and other global markets. The compensation is in line and consistent with what companies of this scale and size pay globally. Boards of Indian tech companies are indeed aware and need their leaders to be retained and paid appropriately in this challenging environment," said K Sudarshan, managing director at executive search firm EMA Partners. K Krithivasan, CEO of Infosys' larger rival Tata Consultancy Services earned $3.11 million, and smaller rival Wipro's CEO Srinivas Pallia earned $6.28 million, according to their latest annual report. Infosys is one of the two among India's top five IT companies that have retained their CEO at the helm over the last 18–24 months, with HCLTech being the other. ($1 = 85.3600 Indian rupees)
