18 Oct 48 Per Cent Of Indian Employers Up Against Talent Shortage, Says Survey
Out of more than 42,000 employers surveyed globally, 40% faced difficulties in filling job positions.
Around 48 per cent employers in India find it tough filling job positions due to lack of available talent, and the toughest are those in accounting, finance and IT, says a survey.
According to ManpowerGroup Annual Talent Shortage Survey, out of more than 42,000 employers surveyed globally, 40 per cent faced such difficulties — the highest since 2007.
In India, the figure stood at 48 per cent and the major reasons include lack of soft skills as cited by 36 per cent respondents and desire for more pay than on offer (34 per cent).
The job titles in demand in India this year include IT personnel, accounting and finance staff, project and sales managers, customer service representatives and customer support technicians and quality controllers.
“The demand index for IT and accounting professionals has been on a continuous rise. Focus on technology upgradation and better financial access will drive the sectors’ growth in coming months,” said AG Rao, Group MD of ManpowerGroup India.
Mr Rao felt that increased automation will lead to a rise in high-skilled jobs. The areas which will see high demand and lucrative pay packages include big data, analytics, mobility, design, Internet of Things (IoT) and artificial intelligence.
Region-wise, 46 per cent of Asian employers reported hiring difficulties, with Japan (86 per cent), Taiwan (73 per cent) and Hong Kong (69 per cent) reporting most of the challenges while just 10 per cent of Chinese employers faced such an issue, the lowest of all countries surveyed.
As per the report, as skills change rapidly, employers are looking inside for solutions, with 36 per cent of Indian employers choosing to develop and train their own people.
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