Manpower Employment Outlook survey revealed 89% of the employers facing struggle to fill vacancies in India.
The survey was conducted by interviewing around 3,406 employers in India to gain a perspective on the overall employment outlook in India in the fourth quarter of 2021.
The hiring plans are reportedly the strongest in seven years. Companies plan to increase hiring in the fourth quarter of 2021.
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A new survey by Manpower Employment Outlook revealed that despite several companies being on a hiring spree in India, 89% of the employers are facing a hard time in filling up vacancies. The major reason behind this is lack of skilled talent.
Talent crunch across various sectorsFlourish
The hiring plans are reportedly the strongest in seven years. Companies plan to increase hiring in the fourth quarter of 2021. The sentiment marker for the Oct-Dec 2021 period is up 37% compared to the preceding three months and up 40% as compared to last year’s fourth quarter.
The survey was conducted by interviewing around 3,406 employers in India to gain a perspective on the overall employment outlook in India in the fourth quarter of 2021.
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The recent spike in the use of technology, since the pandemic broke out, had led to a sharp rise in demand for engineers and tech-savvy talents. However, the new survey shows that the talent crunch extends beyond the tech vertical too.
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The graph clearly shows the Wholesale and Retail Trade sector facing the maximum talent shortage with 95% followed by, Mining industry with 94% and then the Transportation and Utilities sector with 91%.
To fill the job vacancies, organisations are offering different incentives — 55% of them are offering training, skills development or monitoring, 49% offer more flexible work schedules, 41% offer increased wages, 25% lower job skills or experience requirements.
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