While employers are complaining of talent shortage, about 70 per cent of the workforce survey by hiring platform Indeed and the National Association of Software and Service Companies (Nasscom) seem to confident of upskilling to take on evolving job roles.
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Bengaluru: While employers are complaining of talent shortage, about 70 per cent of the workforce survey by hiring platform Indeed and the National Association of Software and Service Companies (Nasscom) seem to confident of upskilling to take on evolving job roles.
The Future of Work 2024 report by Indeed-Nasscom, found this upbeat mood pinned to initiatives being taken both by corporates and the government. This is interesting, given that most of these exercises are at an inception stage.
Sashi Kumar, Head of Sales, Indeed India said, “With nearly 70 per cent of respondents eager to apply new skills in real-world settings, the report underscores the need for organisations to bridge the gap between current readiness and future demands. By combining human creativity with AI-driven innovation, businesses can lead confidently in this new era of work.”
The report also highlighted that while the future of work remains predominantly hybrid, the return to office is gaining momentum, with the average time spent in the office increasing by 1.2 times. It may be recalled that post-Covid, while several companies continued to operate with a work from home or hybrid model, the likes of TCS, Infosys, Dell and others became stringent about employees returning to office.
Further, there has been a noticeable increase in willingness among both the current and future workforce to embrace the gig model which gathered momentum especially since the pandemic.
“Approximately 35 per cent of each group expressed openness to gig opportunities, a significant rise from 23 per cent for the current workforce and 28% for the future workforce in the previous year,” the report added.
Key skills which are driving demand for gig roles in the technology sector include generative artificial intelligence (AI) and automation, information and cyber security, digital transformation, solution architecture, and data engineering.
Generation Z (Gen Z) and millennials continue to hold the major chunk of the tech workforce. Across generations, factors such as brand value and opportunities for learning and growth continue to be driving factors for selecting an employer.
Additionally, job satisfaction, job security, work-life balance, and consistent career growth rank among the top priorities for both generations when deciding to stay with an organisation.