Indian employers face acute talent shortages: ManpowerGroup
About 64% of employers in India are experiencing difficulty finding candidates with right skills and there is a significant shortage of talent in professions such as accounting, finance and IT sector, says a ManpowerGroup survey.business Updated: Jun 01, 2014 12:35 IST
About 64% of employers in India are experiencing difficulty finding candidates with right skills and there is a significant shortage of talent in professions such as accounting, finance and IT sector, says a ManpowerGroup survey.
Globally, 36% of employers reported facing talent shortage, the survey revealed. In India, however, the number stood at as high as 64%.
"Talent shortages continue to affect employers globally as the evolution of skills businesses required continues to outpace supply," ManpowerGroup India group managing director A G Rao said.
Employers in India face difficulty while filling jobs in accounting and finance, IT Staff and sales managers, the ManpowerGroup's Ninth Annual Talent Shortage Survey has revealed.
There is a dearth of accounting and finance professionals as accountants and auditors are responsible for a wide assortment of tasks ranging from book-keeping to tax preparation to strategic planning like advising companies on how to cut costs and increase profits, Rao said.
Further, with the Internet becoming a ubiquitous part of almost every individual, a lot of business activities have moved online making it a necessity to have skilled IT staff, he added.
The other jobs that are most in demand in 2014 include, teachers, engineers, management/executive, marketing/public relations/communication staff, technicians, project managers and legal staff (solicitors/ lawers/ legal secretaries).
Globally, employers in Japan report the greatest talent shortages, as more than four out of five (81%) are struggling to fill open jobs.
Elsewhere, the most acute shortages are reported in Peru, India, Brazil, Turkey and Argentina.
At the other end of the scale, employers in Ireland (2%), Spain (3%) and Netherlands (5%) report the least problems with talent shortages.
The research shows that globally the roles most difficult to fill are skilled trades workers, engineers and sales representatives.