Indian Employer’s all set to upskill workforce in 2024: Report
The survey highlights how skill needs are dynamic, with 98% of Indian businesses admitting that there have been significant changes in the talents that companies value most in prospective employees.
In a new LinkedIn analysis, there is an unexpected trend in the Indian labour market: soft skills are becoming more important than AI competence, and while AI is still changing the nature of work, 94% of Indian employers asked said they want to prioritize employee upskilling by 2024.
The survey highlights how skill needs are dynamic, with 98% of Indian businesses admitting that there have been significant changes in the talents that companies value most in prospective employees.
Employers are increasingly looking for people with good communication, critical thinking, and problem-solving abilities, as well as a constant learning mentality, even though AI knowledge is still valued. This research casts doubt on the widely held belief that the workforce will primarily need technical competence in order to use AI.
The research emphasizes the increasing significance of fostering an environment of ongoing education within institutions. Businesses are actively engaging in a variety of tactics, such as giving employees access to online training courses (53%), and giving them the chance to test out AI technologies (54%), in order to provide them with the skills they need for confidence and job security. It is anticipated that this emphasis on learning will result in higher expenditures for opportunities for development and upskilling.
The survey highlights that 48 percent of hiring managers in India give priority to offering career progression chances to current employees, indicating their recognition of the importance of talent retention. Furthermore, it is determined that providing competitive pay and benefits (31%) and encouraging skill development for future positions (38%) are essential tactics for keeping top people.
Censuswide performed a study that involved 4323 hiring managers in middle management roles, ages 18–77, across 15 countries. The vast amount of data was gathered between December 15, 2023, and January 4, 2024.
It demonstrates how the Indian labour market is changing dramatically, with businesses placing a high value on internal mobility, learning cultures, and upskilling employees in order to survive in the AI era.
This move toward soft skills and lifelong learning points to a more sophisticated strategy for developing talent that recognizes the continuing value of human qualities in addition to technological breakthroughs.
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