New Delhi: Talent scarcity in India has worsened as companies are increasingly finding it tough to fill critical positions. Nearly 67 percent of the employers are struggling to meet the crucial-level hiring targets, according to a survey. (Agencies)
Around a year ago, only about 16 percent companies were facing difficulties in getting the right talent for critical positions, the survey by staffing services firm Manpower said.
According to Manpower's sixth annual Talent Shortage Survey, India results are well above the global average of 34 percent and second only to Japan, where 80 percent of employers are struggling to fill critical positions.
A year ago, India was ranked 29th among 36 countries surveyed, when 16 percent of employers faced difficulty to fill jobs.
Explaining the reason behind this talent crunch, Manpower India Head – Sales and Marketing Namr Kishore said "for the last many quarters demand for talent is increasing in India, but the supply is limited as individuals are lacking mission critical skills, resulting in such talent scarcity.
On one had we have a demographic advantage, and on the other hand due to low employability, many of our talent is not employable. It is quite an ironical situation," Kishore added.
In India, the job employers have most difficulty filling vacancies for research and development, sales manager and IT staff, the survey said.
Trailing behind Japan and India in the global list is Brazil, where 57 percent of employers are having difficulty in finding the right people for the right job.
This is followed by Australia (54 percent), Taiwan (54 percent), Romania (53 percent), USA (52 percent), Argentina (51 percent), Turkey (48 percent) and Switzerland (46 percent).
Some other factors behind the talent crunch is that during the recession time many organisations chose to let many of the talent go.
As the demand for talent is now increasing, many organisations are now finding it difficult to fill the mission critical positions, Kishore said.
Besides, as organisations are adopting a global way of functioning and becoming more competitive, the skills for the same jobs have changed overtime. (“Time has come when as individuals they are investing in themselves and upgrading their profiles," Kishore added.
Meanwhile, Sanjay Pandit, MD, ManpowerGroup India said businesses need to adopt a long-term approach to ensure they have the right talent that they need.
"While talent cannot be 'manufactured' in the short term, a robust workforce strategy will ensure a company’s business strategy is supported by having the talented people they need to execute it," Pandit added.
New Delhi: Talent scarcity in India has worsened as companies are increasingly finding it tough to fill critical positions. Nearly 67 percent of the employers are struggling to meet the crucial-level hiring targets, according to a survey.