58 percent employers face talent crunch

Employers in India are having the most difficulty filling jobs in accounting and finance, IT staff and secretaries, personal assistants (PA’s), receptionists, administrative assistants & office support staff as compared to last year when IT staff, accounting & finance staff and sales managers were the most difficult positions to fill.

According to the survey, around nine per cent of the Indian employers recognise that talent shortages are having a negative impact on their businesses, but few employers are putting in place talent strategies to address the problem.

About 13 per cent of the Indian employers say talent shortages are having a serious negative impact on their ability to meet client needs. Consequences include reduced competitiveness or productivity, increased employee turnover and low employee engagement or morale.

“The demand index for IT and accounting professionals has been on a continuous rise. Focus on technology upgradation and better financial access will drive the sectors growth in the coming months,” said A.G. Rao, group managing director, Manpower Group India.

Meanwhile a separate study done by TeamLease said that the increasing demand for talent would have a positive impact on the salaries this year.

Candidates undergoing appraisal this season are expected to witness a double digit salary growth ranging between 10.5 per cent to 15 per cent across industries and functions, setting a upbeat tone for the year, said a report released by TeamLease.

According to the same report, the biggest reversal in trend this year is the narrowing of salary variance between the temporary and permanent job employees across a slew of job profiles and industry.