Mumbai, 31 July 2017: The ambitious initiatives taken by the Government of India has fostered confidence among the Indian workforce, with a majority of 84% indicating that they foresee a good future economic scenario for the Indian markets.
With the notion that employees are the pillars of an organisation’s foundation and success, global recruitment specialist Michael Page surveyed professionals in India and Asia Pacific to uncover their workplace sentiments. The study reveals that the optimistic employment outlook in India supports employees’ expectations for better job prospects in the future.
The Michael Page Job Applicant Confidence Index Q2 2017, which evaluated the responses of 681 senior-level employees in India, across organisations and industries, demonstrates positive insights into the Indian job market. The findings show that a majority of the Indian professionals surveyed rated their overall workplace conditions as “good to excellent”. This included their present job conditions (63%), future job scenario (76%) as well as current job opportunities, within their area of expertise (51%).
It is also interesting to note that, despite an increase in automation and the recent layoffs in the Indian markets, 73% of the respondents were confident of securing a job within three months. Additionally, when asked about their outlook for their professional situation in the next 12 months, those surveyed were positive of acquiring opportunities, in their current roles, for better skill development (82%), scope of functions (78%), career promotion (70%), compensation levels (75%) and work-life balance (57%).
Further results from the Michael Page Job Applicant Confidence Index Q2 2017 indicate:
- Skills enhancement (51%), salary (40%) and better work-life balance (34%) continue to be the top three reasons why employees are likely to switch from their current job
- A majority of Indian professionals (84%) favourably viewed their job and economic situation in the next 6 months and assessed it as “good to excellent”, as opposed to their Asia Pacific counterparts (66%)
Sharing his thoughts on this topic, Nicolas Dumoulin, Managing Director of Michael Page India says, “India has consistently outperformed the Asia Pacific region in our Job Applicant Confidence Index. The economy is poised for a robust growth with technological advancements put on the fast track with government initiatives such as ‘Digital India’. These factors will create new positions and career opportunities in emerging sectors such as artificial intelligence, robotics and analytics as well as other industries that are harnessing technology as an enabler of growth. Candidates who are eyeing opportunities to ride on these trends should focus on skills development and effective career planning. It is my firm belief that rampant growth will originate from well-aligned mindsets and future ready skillsets.”
Editor’s note: The Michael Page Job Applicant Confidence Index Q2 2017 is a measure of how optimistic job applicants are about the current job market. The responses are based on those that applied for a job published on our Michael Page website in Q2 2017.