About 48% Indian employers face talent shortage to fill job vacancies: Survey

About 48% of employers in India are facing difficulties in filling job vacancies due to shortage of talent, said a latest survey. 

An American multinational human resource consulting firm Manpower Group has recently conducted a survey titled 'Talent Shortage' wherein it surveyed more than 42,000 employers across the globe.

According to the survey findings, the employers in India are experiencing talent shortage in IT, Accounting and Finance, Project Managers, Sales Managers, Customer Service Representatives and Customer Support, among others.

The IT staff are the hardest jobs to fill in India with Accounting and Finance staff in the second place followed by Project Managers and Sales Managers in the third and fourth place, respectively, it said.

About 36% said lack of soft skills and around 34% looking for more pay than what is being offered are the top reasons that Indian employers cannot fill the positions. 

“The demand index for IT and Accounting professionals have been on a continuous rise. Focus on technology up-gradation and better financial access will drive the sectors growth in the coming months. Further, in an attempt to provide financial services into rural areas as an initiative by the Government of India and Reserve Bank of India (RBI), the demand is projected to grow across core and support functions,” ManpowerGroup India group managing director AG Rao said in a press release on Tuesday. 

“Technology has and will continue to fundamentally reshape the world, job-seekers need to have a continuous learning mode and learn new ideas and skills throughout their working career. With increased automation, the industry will see a rise in high-skilled jobs,” Rao added. 

Besides, as skills needs change rapidly in the organisations, about 36% of employers in India are training and developing existing employees to fill open positions, the survey noted.