Around 47% Of Indian Employees Don't Plan For a Job Switch In 2023: Indeed Report进一步的调查揭示了一个相当大的蘸hiring and suggests that only 53% of the employers surveyed had hired in this quarter, down from 64% in the previous quarter (October to December 2022)

通过Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

The latest findings from the quarterly hiring tracker released by the job site, Indeed, reveals that a majority of Indian jobseekers (47%) are not looking to switch jobs in 2023. In what was considered to be the era of the great resignation, employees are bucking the trend by choosing to stay put in their current organizations, with over 37% of all jobseekers looking to prioritize their career growth in 2023.

进一步的调查揭示了一个相当大的蘸hiring and suggests that only 53% of the employers surveyed had hired in this quarter, down from 64% in the previous quarter (October to December 2022). The report is based on a survey conducted by Valuvox among 1,157 employers and 1,583 jobseekers during the January-February 2023, across sectors.

"Amidst the ongoing uncertainties, the overall sentiment of jobseekers and employers seems to be cautious. However, some sectors like BFSI and healthcare are witnessing significant hiring, showcasing a strong future for these areas. Additionally, in 2023, the acceptance of the gig economy at large is also expected to strengthen the job market. Employers now need to focus on devising ways in which they can retain and continue to attract this talent pool," said Sashi Kumar, head of sales, Indeed India.

Moreover, the report finds that the BFSI sector witnessed the most significant hiring with 71% of the sector's employers hiring during the quarter. Healthcare (64%) and Construction & Real Estate (57%) were the other two sectors that hired substantially. In contrast, Media & Entertainment (49%), IT/ITeS (29%), and Manufacturing (39%) sectors saw the least hiring during the quarter. Also, there was a substantial increase in the proportion of employers hiring for mid-level (27%, up from 23% last quarter) and senior-level roles ((12%, up from 9% last quarter). The proportion of jobseekers entering the job market for the first time has also risen to 23% from 16% in the previous quarter.

In addition, the survey reveals that working from office has emerged as the favored work mode for current jobseekers, with 57% preferring to work from office. Similarly, most employees are undertaking upskilling programs, professional developmental tools, and mentorship programs. About 47% of all employers are providing upskilling programs to their employees.

Wavy Line
Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Entrepreneurs

A Believer In India Story

Amit Lakhotia, founder and CEO, Park+ continues to identify startups where he can add value as a mentor or investor

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

News and Trends

Google Invites Applications For Eighth Batch Of Startups Accelerator Programme

Applications are open until August 22, and eligible startups should have AI as a core solution or product, including generative AI

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

Money & Finance

How to Make Money Online: 10 Proven Ways to Make Money Online

Need to know how to make money online as a side gig or new career? Check out this breakdown of the 10 top online money-making methods.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.