Over half of the employees in India bored with their current jobs: Indeed

• 50% of employees are preparing for new opportunities by reskilling/upskilling.
  
• 28%of those who’re looking for jobs have said that they will prioritize happiness and flexibility.
  
• Ongoing layoffs are impacting the employees in such a way that 65% of them are unwilling to go the extra mile in their jobs.
  
• Over 35% of employers are looking forward to adopting AI/digital/social media for talent acquisition in 2023.

The pandemic has not only changed the way people work, but also led them to reconsider how they want their career to progress.

According to the October’22 - December’22 quarterly hiring tracker report by job search engine Indeed India, more than half of all the employees (57%) are unenthusiastic about or bored with their current jobs. In fact, 50% of employees are preparing for new opportunities by reskilling/upskilling.

Mental health matters the most for employees now. About 28% of those looking for new jobs have said that they will prioritize happiness and flexibility and 19% have indicated that a good work life balance is a priority.

“2022 has been characterized by various shifts in the workplace - from trends like quiet quitting to moonlighting gaining prominence. Going into 2023, it is evident that employees are prioritizing mental wellbeing and work life balance amidst the various fluctuations that are occurring in the world of work,” Sashi Kumar, head of sales, Indeed India said.

The ongoing layoffs have also had a debilitating impact on employees, with 65% of them unwilling to go the extra mile in their jobs, as per the report.

“Given the market uncertainties and economic climate, jobseekers are hesitant in their current work, demotivated by layoffs and are not willing to fully commit to their current job as well,” said the Indeed India report.

Positive sentiment around hiring in 2023

Employers, across all sectors, are keen to step up their hiring processes in 2023. Over 35% of employers are even looking forward to adopting AI/digital/social media for talent acquisition and 26% of them are planning to explore hyper-local/niche job boards.

Overall, 45% of employers surveyed foresee an increase of as much as 20% in hiring.

This indicates a change from the sentiment at the end of 2022 that saw slower hiring. Only 64% of the surveyed employers hired between October to December- this marks a significant dip (down from 78%) and reflects a slower pace of hiring activity compared to the previous two quarters, as per the report.

“As organizations wait to see how global movements affect the Indian jobs landscape, it’ll be integral for them to also relook at workplace culture and the current sentiment at work, in order to retain talent,” Kumar added.

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