58% of Indian employers facing talent crunch, says survey

(Image Credits : info.shine.com)

(Image Credits : info.shine.com)

New Delhi, May 18 (PTI): Notwithstanding the recovery in job market, 58% of India employers are finding it difficult to fill positions and there is a significant talent shortage in accounting and finance sector, a survey showed.

Globally, 38% of employers face talent shortage. In India, however, the number stood at 58%, ManpowerGroup’s 10th annual Talent Shortage Survey said today.

Even though talent crunch persists for Indian companies, they are better off than last year. In 2014, 64% of employers said they faced difficulty in finding the right people.

“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,” said A G Rao managing director of ManpowerGroup India.

Employers in India are finding it most difficult to fill jobs in accounting and finance, IT staff, secretaries, receptionists, administrative assistants and office support.

“The demand for IT and related profiles is expected to go up further in the current year. Roles in analytics and mobile technologies will continue to be in demand,” Rao added.

The other jobs that are most in demand in India this year include, teachers, engineers, communications staff, sales manager, executives, legal staff and researchers.

As per the survey, around 13% of Indian employers said talent shortages are having a negative impact on their ability to meet client needs.

However, few employers are putting in place strategies to address the talent crunch problem, the survey added.

Globally, Japanese employers reported the highest talent shortages, as 83% respondents are struggling to fill open jobs there, followed by Peru (68%), Hong Kong (65%), Brazil (61%), Romania (61%) and Greece (59%).

At the other end of the scale, employers in Ireland (11%), UK (14%) and Spain (14%) reported facing least problems with talent shortages.

ManpowerGroup surveyed 41,748 employers in 42 countries during the first quarter of 2015 to explore the extent of talent shortages within the global labour market.

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