Active Stocks
Tue Sep 26 2023 14:40:58
  1. Tata Steel share price
  2. 129.05 1.33%
  1. Tata Motors share price
  2. 621.4 0.45%
  1. HDFC Bank share price
  2. 1,537.3 0.37%
  1. State Bank Of India share price
  2. 594.05 -0.01%
  1. ITC share price
  2. 442.35 -0.06%
Business News/ News / India/  Here’s why 80% of Indian professionals plan to shift jobs this year

Up to 80% of Indian professionals plan to shift jobs in 2023, and they are especially interested in positions that pay fairly and permit a sensible work-life balance and degree of flexibility. The rate of hiring in India was 23% lower in December 2022 compared to December 2021, according to LinkedIn's economic graph data.

One of the main reasons why workers are being pressured to hunt for a new job because they need more money is the rising cost of living and the desire for financial security. Professionals who want a better work-life balance may be more interested in changing jobs.

Using 2,007 workers who were at least 18 years old, Censuswide conducted consumer research between November 30, 2022, and December 2, 2022. According to the report, 88% of professionals between the ages of 18 and 24 are considering a change, compared to 64% of those between the ages of 45 and 54.

According to the survey, 32% of professionals stated they feel more confident in their skills and believe they can land a better job.

When asked if they would feel confident applying for other jobs if they were to leave their position, more than 78% of workers responded in the affirmative, as per the report.

The Indian workforce is depending on their own abilities to advance and thrive despite challenging economic situations. According to LinkedIn career expert Nirajita Banerjee, professionals have undoubtedly accumulated a pool of resilience since the pandemic, as seen by their preparedness for the coming year.

Professionals are looking for the ideal position that pays fairly and gives a good work-life balance and flexibility, according to Banerjee. As per the study, professionals are actively looking for opportunities to advance their careers and investing in their talents despite the uncertain economic times that lie ahead.

Professionals must invest in themselves by developing transferable abilities that will increase their versatility and ability to adapt to diverse tasks as the future stays dynamic, Banerjee said.

A total of 365 million people have added skills to their LinkedIn profiles in the last year, a 43% growth year over year. This is a wise strategy for securing a successful and long-lasting career, Banerjee added.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Sounak Mukhopadhyay
Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. He's worked for the International Business Times, The Inquisitr, and Moneycontrol in the past. He's also contributed to Free Press Journal and TheRichest with feature articles. He covers news for a wide range of subjects including business, finance, economy, politics and social media. Before working with digital news publications, he worked as a freelance content writer.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 18 Jan 2023, 01:49 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App