The representative of JP Morgan’s HR India corporate center, Gaurav Ahluwalia, is reported to have said, “technology is fundamental to our client success and to business strategy. As a result, we are always looking for talented individuals to work with us in areas such as cloud, big data, artificial intelligence, machine learning, digital platforms, and cybersecurity”.
Company officials announced in May that $2 million will be contributed to Coronavirus relief efforts in India, including US-India Friendship Alliance, an affiliate of the US-India Strategic Partnership Forum, and local nonprofits that are helping those most affected by the virus.
Small hospitals will be able to provide treatment for more patients with the assistance of these contributions, which will improve their capacity and supply chains. In addition, food and other essentials will be provided to low-income communities across the country.
As an initiative to advance racial equity, the firm has also committed $30 billion over the next five years toward driving an inclusive recovery, supporting employees, and eradicating systemic racism.
4000 Indian employees will be hired by JP Morgan in these skills only
A workforce of 35,000 will be added to JP Morgan’s Indian offices, which are currently located in Bengaluru, Mumbai, and Hyderabad.
Employers Are Seeking Digital Skills
In the next five years, the company plans to employ 4,000 new employees who will specialize in digital skills and high-tech areas such as cloud, big data, artificial intelligence, machine learning, and digital platforms.
Gaurav Ahluwalia, HR head at the investment bank, explained that growing talent in these areas is critical to the business strategy and success of the bank’s clients.
From its India headquarters, the bank will support its global operations.
For JP Morgan, techies are important
Recruiting will take place primarily in Bengaluru. There are 50,000 technologists in the company’s total workforce of 250,000 employees.
In an attempt to improve its performance and client satisfaction, the firm relies heavily on technology. Consequently, it places a high value on technology and the specialists who handle it.
COVID Relief: Corporate Responsibility Initiatives
The company has also pledged $2 million for the US-India Friendship Alliance and to Indian NGOs working to combat a pandemic crisis in India. In conjunction with the Strategic Partnership Forum, the US-India Friendship Alliance exists.
With this amount, India’s public health system would be boosted in terms of capacity and supply chains for small hospitals. Besides providing funding for food and other essentials to the low-income communities, this will allow hospitals to serve more and more positive COVID test results.
Furthermore, it is initiating a program in which it will match employee contributions to certain organizations in support of COVID relief 1:1.
The CSR initiative to combat racism
The company has also made a commitment of $30 billion over the next five years, another step forward in its progressive direction.
In addition, there will be resources to support vulnerable employees and ensure the firm’s recovery is inclusive by addressing systemic racism.
Is it a turning stone for the Indian employment scene?
For the past few years, J.P Morgan has been setting eyes on Indian Recruitments in Machine Learning & A.I! In fact, there are some of the biggest names in Silicon Valley that have made the switch to India as their base. They have set up shop in India to get a leg up on the competition. One of the reasons is because they feel the potential for AI and Machine Learning in India is better than any other country. The reasons why J.P Morgan is setting eyes on Indian Recruitments in Machine Learning & A.I is mentioned in the article above along with it’s eligibility criteria.