According to LinkedIn’s India Labour Market Insights, hiring in the nation increased 63% from the same quarter in 2019 to the quarter that concluded in June.
According to Ashutosh Gupta, LinkedIn’s country manager for India, hiring sentiments are high in India due to factors like the “digital transformation” taking place across enterprises and job searchers seeking more flexibility and a better work-life balance.
According to LinkedIn’s India Labour Market Insights, hiring in the nation increased 63% from the same quarter in 2019 to the quarter that concluded in June.
With a 44% increase in member growth over the last two years, India has become LinkedIn’s fastest-growing market, with 92 million members this year up from 64 million in 2020.
According to Gupta, “digital change in India is really robust.” “All businesses, regardless of sector, are reevaluating their business models. The demand for computer skills is being driven by organizations of all sizes, whether they are small, medium-sized, or large. So, he continued, a lot of the desire for recruiting is driven by technical abilities.
Then there are those industries, like retail, travel, and hospitality, that experienced very little impact from the pandemic. Now, we have directly observed how everyone is traveling during the past six months and how much money is being spent in retaliation. These industries are hiring as a result of the recovery. From the standpoint of a job seeker, a few trends, such as the demand for flexibility and a better work-life balance, are driving recruiting.
The top three objectives of Indian professionals across generations, according to LinkedIn’s Workforce Confidence Index, are flexible work arrangements, financial wellness programs, and a four-day workweek. Additionally, the demand for remote jobs on LinkedIn is steadily rising. In India, the proportion of job applications for remote positions increased to over 21% in July from about 13% in July of the previous year.
In March of this year, 20% of all job listings on LinkedIn included possibilities for remote work in India, an increase of 3.3 times over March 2021.
According to Gupta, the epidemic has fundamentally altered the nature of employment, and the desire for flexibility is altering business strategies. “For businesses, it’s a time for reflection. Many businesses are revising their employee engagement strategies and practices. As soon as businesses learn about these data elements, I hope they consider including them in their policies. Since this is what the public desires,” he continued.
According to him, LinkedIn’s value proposition has significantly changed, and corporate messaging has gained enormous popularity. According to Gupta, “a tremendous amount of transactions are happening on messaging, and there are so many business interactions taking place on the platform.” “I was speaking with some startup founders, and they said that many investment choices are made via LinkedIn messagess. Some of these value propositions are unchanging over time because they are sticky. These are fueling a significant amount of platform activity.
