Indians Expect Better Job Scenario in the Next Six Months

August 29, 20189:12 am285 views

The latest Job Applicant Confidence Index report revealed that majority talents in India believe that the economic situation will get better in the next half of the financial year. Commissioned by Michael Page India, the study was conducted after analysing responses from over 600 professionals across the nation, across industries.

The study findings suggested a boost in confidence over job scenario in India as compared to the last year. Professionals are hopeful that digital marketing will remain as the most sought-after job role, and a majority of talents who are seeking for job change are confident of getting new job offers, Business Today reports.

According to the report, more than 3 in 4 professionals in India (77 percent) expect that the overall situation economic condition will improve in the next six months. Nearly 68 percent said they were hopeful of the job market in the country, while 75 percent said the job scenario will show positive progress in the next six months.

See: 2 in 5 Employers Worldwide Face Talent Shortage Challenge: Report

Skills such as digital marketing, risk analytics, data and cybersecurity, and strategic procurement are in great demand this year. Among the top three areas professionals are optimistic about include skill development (87 percent), better compensation levels (80 percent), and expansion in the scope of functions (79 percent). Additionally, more than 33 percent saw good opportunities in their areas of expertise, while 77 percent said that they were confident of securing a job in less than three months.

With the changing dynamics of the jobs landscape, skill development is the key priority to stay relevant in the highly competitive and constantly evolving Indian markets. No wonder, almost half respondents (47 percent) cited ‘skills development’ as a reason for switching jobs, while 38 percent said people do a career change to look for better work-life balance. Meanwhile, around 35 percent cited ‘better salaries’ as a reason for changing companies.

“Given the robust growth of the economy and increasing employment prospects, the positive workplace sentiment noted in India has been comparatively higher in the Asia Pacific region. The surge in hiring activity will lead to a further emergence of niche roles and new opportunities, especially in sectors such as renewables, healthcare and life sciences, retail, e-commerce, chemicals and data analytics,” said Nicolas Dumoulin, Managing Director of Michael Page India.

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