60% Of The Workforce looking For New Jobs: TimesJobs.com Study

Nearly, 60 per cent of the workforce is looking to change jobs in the next 6 months and about 58 per cent of them are seeking growth from the new job. Moving up the corporate ladder and holding a leadership position matters to them more than a hefty pay check, revealed a recent TimesJobs.com study.

According to R P Yadav, Chairman & Managing Director, Genius Consultants Ltd, “As soon as a professional gains around 3-4 years work experience, their priorties change. He/she is to get married or is already married. Owing to this there is social and self generated pressure to be a team leader or manager. Thus, the professional looks for change, more for leadership positions than compensation.”

This is substantiated by various TimesJobs.com surveys, polls and discussions that indicate that the workforce today seeks a good job profile/designation more than monetary benefits.

Why the change?

• 40% of job seekers are not happy with their current role/profile as well as the organisation they are working for
• 20% are happy with the organisation but not with the job/role
• 12% are not happy with the organisation but like their job

Laying emphasis on skills…

As they aspire to get better job positions (promotion) in the new job, candidates are paying a lot of attention on brushing up their skill sets. Over 30 per cent of the workforce feel that having the right skills is crucial to get the right job and to move up in the corporate hierarchy. Skills are deemed more important than educational qualifications and experience, though the respondents believe experience is the next most important thing.

Srikanth Rengarajan, executive director & president, ManpowerGroup India highlighted the skill sets required by India Inc, “Apart from the domain knowledge, to beat the competitive environment, communication skills, teamwork, problem solving skills, leadership, confidence and right business acumen would be much needed by the employers in future.”

The growing aspiration of the workforce to hold leadership positions is acknowledged by the organisations, as well. Hence, up-skilling the existing workforce is one of the key focus areas of organisations in 2014, pointed out experts in the TimesJobs.com RecruiteX report.

Online job portals the preferred medium…

Over 60 per cent of these job seekers are searching for a new job through online job portals. The other preferred medium is referrals/word of mouth. Another TimesJobs.com study revealed that nearly 58 per cent of the candidates are using mobile devices, which includes laptops, tablets, smatphones to look for new jobs.

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