Job Seekers optimistic about career progression as economy rebounds
Indian professionals are confident about career progression as businesses slowly reopened last month resulted in better hiring prospects across different sectors.
LinkedIn has announced the findings of the seventh edition of the Workforce Confidence Index, a fortnightly pulse on the confidence of the Indian workforce.
The confidence index showed a modest increase in India's overall workforce confidence, with a composite score of (+) 50, up from (+) 48 in June 1-14.
This uptick in hiring has fuelled the confidence of active job seekers towards career progression as findings show that about 2 in 3 professionals will increase their time spent searching for (66%) and applying to (64%) jobs in the next 2 weeks.
The findings also indicate the active job seekers’ clear intent to upskill today for a safer tomorrow as 68% say they will increase their time spent on online learning to harbor long-term job security and career progression.
Commenting on this growing optimism, HR expert Prabir Jha explains why India’s rising hope towards job security comes with slight trepidation - “It must be understood that retaining a job in the present times is in itself a strong confidence booster. Many people are also willing to take up to 50% cut in their salaries for an assured job. This means that whoever retains a job today, clearly knows that his/her role matters to the organization even in the new reality.”
He also added, “More experienced workers may have savings to support them in the long run,” to explain why senior professionals are not as inclined towards increasing their time spent on searching for jobs.
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