Amid the economic uncertainty and massive layoffs, a Linkedin report shows 4 in 5 professionals in India are looking for a new job in 2023. This sentiment is primarily led by Gen Z, with 88 percent of professionals aged 18-24 considering a job switch, compared to 64 percent of those aged 45-54, according to a LinkedIn report.
Despite uncertain economic times, professionals are taking a long-term view of their careers by investing in their skills and proactively seeking opportunities to progress.
Over three-quarters, (78 percent) of workers surveyed said if they were to leave their job, they would feel confident finding other roles to apply for.
“Despite tough economic conditions, the Indian workforce is relying on their own abilities to grow and push forward. While the future remains dynamic, it is essential for professionals to invest in themselves by building transferable skills that will make their profiles more versatile and adaptable to different roles,” said Nirajita Banerjee, a LinkedIn career expert.
One in three (32 percent) said they also feel more confident in their abilities and think they can find a better role.
According to LinkedIn’s Workforce Confidence Index, just over two in five (43 percent) professionals in India feel prepared for an economic downturn.
However, professionals are also seen taking proactive measures to ‘career cushion’ themselves from the ongoing uncertainty.
More than half (54 percent) of professionals in India are growing their network by staying in touch with the right people and attending more business events.
They are also getting better aligned to business priorities, with nearly half (47 percent) proactively asking for feedback from their peers and managers to do the work their companies value most.
The report mentioned that 44 percent are learning new, in-demand, transferable skills today.