comscore LinkedIn survey predicts unrest for Media, IT professionals in next 6 month
News

LinkedIn survey predicts unrest for Media, IT professionals in next 6 months

LinkedIn overall findings showed that one in three Indians have reported a decrease in their personal incomes.

  • Published: May 5, 2020 4:40 PM IST
linkedin-on-laptop

A tough jobs market, pay cuts and an ailing economy have caused unrest among the Indian professionals and those working in IT, media and manufacturing feel their companies will fare worse in the next six months, a new LinkedIn survey said on Tuesday. Also Read - LinkedIn says India is fastest-growing market outside the US, sees 20 times growth in 10 years

More than two in five media professionals said their companies will fare worse in the next six months, exhibiting a bleak outlook towards the short-term future. One in four manufacturing professionals and more than one in five IT professionals felt the same. Also Read - LinkedIn की एक पोस्ट से खतरे में आई Google के सीईओ सुंदर पिचई की नौकरी, जानें क्या है मामला

The overall findings showed that one in three Indians have reported a decrease in their personal incomes, whereas 48 percent of active job seekers and 43 percent of full-time professionals anticipate fewer job openings in the next two weeks. LinkedIn’s second ‘Workforce Confidence Index’ shows a slight dip in the overall confidence towards future opportunities as professionals foresee testing times ahead. Also Read - LinkedIn will now show top trending stories and news for the day

“As various sectors announce a hiring freeze, job-seekers have reset their expectations as more Indian professionals anticipate fewer job openings going forward,” said the survey by the Microsoft-owned largest professional network.

Nearly 48 percent of active job seekers think there will be a decrease in available job opportunities, up 9 percent from last fortnight’s findings. Findings also show that 36 percent of active job seekers expect a decrease in recruiter response in the next two weeks, up 8 percent from last fortnight’s findings.

Online learning continues to see a steady rise in demand as 67 percent professionals (in comparison to 64 percent professionals from last fortnight) will increase their time spent in online learning, while 37 percent of Indian companies (in comparison to 31 percent from last fortnight) will offer online resources to professionals in India.

“The findings show that professionals in healthcare, education and corporate services industries (such as management consulting, accounting, and human resources) are the most confident about the future of their companies”.

The report said that 52 percent of corporate service professionals, 50 percent of healthcare professionals, and 33 percent of education professionals are confident about their companies faring better in the next 6 months. These industries are also confident about their companies’ long-term outlook, as more than four out of five healthcare professionals, four out of five corporate service professionals, and more than half of all education professionals in India think their companies will do better in the next two years.

“The findings state that 32 percent of the Indian workforce reported a decrease in earned income, while 45 percent reported a decrease in personal spending. This strain on personal finances is particularly prevalent among business leaders as 39 percent of senior executives in comparison to 27 per cent of individual contributors cite a decrease in earned income.”

Watch Video: Top 5 apps providing free services during coronavirus pandemic

However, self-employed professionals emerge as the worst hit with 62 per cent reporting a decrease in income as businesses adopt cost-cutting measures to avoid long-term financial insecurity. The LinkedIn Workforce Confidence Index is based on an online survey of 2,254 members across two weeks: April 1-7 and April 13-19.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: May 5, 2020 4:40 PM IST



new arrivals in india

Samsung Galaxy M51
Samsung Galaxy M51

24,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Motorola Moto G9
Motorola Moto G9

11,499

Realme C15
Realme C15

9,999

Realme C12
Realme C12

8,999

Samsung Galaxy Note 20
Samsung Galaxy Note 20

77,999

Xiaomi Redmi 9 Prime
Xiaomi Redmi 9 Prime

9,999

Oppo Reno4 Pro
Oppo Reno4 Pro

34,990

Samsung Galaxy M01 Core
Samsung Galaxy M01 Core

5,499

Realme 6i
Realme 6i

12,999

Asus Rog Phone 3
Asus Rog Phone 3

49,999

OnePlus Nord
OnePlus Nord

24,999

Infinix Smart 4 Plus
Infinix Smart 4 Plus

7,999

Xiaomi Redmi Note 9
Xiaomi Redmi Note 9

11,999

Samsung Galaxy M01s
Samsung Galaxy M01s

9,999

Vivo X50 Pro 5G
Vivo X50 Pro 5G

49,990

Vivo X50 5G
Vivo X50 5G

34,990

Realme C11
Realme C11

7,499

Poco M2 Pro
Poco M2 Pro

13,999

Realme X3
Realme X3

24,999

Realme X3 SuperZoom
Realme X3 SuperZoom

27,999

Tecno Spark Power 2
Tecno Spark Power 2

9,999

Oppo A12
Oppo A12

9,990

Oppo A52
Oppo A52

16,990

Samsung Galaxy A21s
Samsung Galaxy A21s

15,999

Oppo Find X2
Oppo Find X2

64,990

Motorola One Fusion Plus
Motorola One Fusion Plus

17,499

Samsung Galaxy A31
Samsung Galaxy A31

20,999

Samsung Galaxy M01
Samsung Galaxy M01

8,999

Samsung Galaxy M11
Samsung Galaxy M11

10,999

Infinix Hot 9 Pro
Infinix Hot 9 Pro

9,999

LG Velvet
LG Velvet

Price Not Available

Xiaomi Mi Note 10 Lite
Xiaomi Mi Note 10 Lite

Price Not Available

Apple iPhone SE 2020
Apple iPhone SE 2020

42,500

Honor 30 Pro
Honor 30 Pro

Price Not Available

Honor 30
Honor 30

Price Not Available

OnePlus 8
OnePlus 8

44,999

OnePlus 8 Pro
OnePlus 8 Pro

54,999

Xiaomi Redmi Note 9 Pro
Xiaomi Redmi Note 9 Pro

13,999

Motorola Moto E4
Motorola Moto E4

8,999

Samsung Galaxy On Max
Samsung Galaxy On Max

9,775

nubia N2
nubia N2

15,999

Karbonn K9 Kavach 4G
Karbonn K9 Kavach 4G

5,290

Motorola Moto C Plus
Motorola Moto C Plus

6,999

Best Sellers