There is a huge number of jobs that are available in India. The problem is that many of them are informal and don’t provide social security coverage.
The demand for skilled workers is outstripping supply in many sectors. According to TeamLease Services, there are shortages of 150 million workers across industries.
Marketing and Management
The demand for Marketing Management jobs has gone up considerably. Many of the top business schools are offering degree courses in this field. But despite the huge demand, there is shortage of people with these skills in India. Hence, a number of companies are unable to fill the vacant positions.
The Covid-19 pandemic hit labour markets hard in India. Although the urban jobless rate rose during the crisis to a record high, it has since dropped and few full-time jobs are available. An executive at capital goods giant Larsen & Toubro says he gets a lot of e-mails from clients seeking labour-related information and the company’s hiring process has become more difficult because of the lack of availability of skilled labour. Labour experts agree that migrant workers’ reluctance to return to urban centres, lack of social support systems, low wages and the threat of further pandemics have reduced their availability. The situation is especially bad in the manufacturing and construction industries.
Technology
Despite a booming economy, India is still in a severe labour shortage. Industry experts and civil society groups working with migrant workers confirm it.
Companies are battling a war for top talent and finding it difficult to retain employees due to high attrition rates. Candidates are dominating the recruitment landscape and leaving for greener pastures as businesses fight a vicious talent war with the threat of losing their best employees to competitors.
Skilled trade workers are desperately needed to build, repair and maintain infrastructure and buildings. Several infrastructure firms are struggling with a shortage of skilled labour. According to a report, 81% of Indian respondents believe that a shortage of skilled trade workers could lead to negative economic impact, decline in quality of life, safety risks and neglected public infrastructure.
Medical
One of the most coveted and respected jobs in India, a career in medicine offers not only high salaries but also the satisfaction that comes from making a difference in people’s lives. However, it takes years of study and practice to become a doctor.
Physicians diagnose and treat patients through medical history and prescribe medication while surgeons perform invasive therapeutic, diagnostic and surgical procedures on body parts like limbs, brain, heart etc. Cardiologists are doctors who examine and treat heart diseases while oncologists are doctors that diagnose and suggest cancer treatments.
Skilled trade workers are electricians, carpenters, plumbers, steamfitters, pipefitters, welders and heavy equipment operators. They are in demand but only a small proportion of India’s workforce has secure formal jobs with benefits, such as retirement savings, health care and maternity leave. The rest of the workforce has informal, unorganized jobs or are self-employed. This has pushed unemployment statistics lower than the actual number of jobless.
Banking and Finance
While India has a large population of young people, many are unable to find employment news India. The covid-19 pandemic in 2020 aggravated this problem, as it forced companies to lay off workers and trim their operations. As a result, the unemployment rate has increased significantly.
According to Kartik Narayan, CEO of recruitment firm TeamLease Services, this trend could be due to several factors. These include the fact that young people are unwilling to take low-wage, informal work, and that most of them prefer air-conditioned office jobs that offer performance-linked incentives.
Despite this, the banking industry is one of the fastest-growing sectors in the country, which has created some of the highest-paying bank jobs. Therefore, if you’re looking for a job that will pay you well and provide security, the banking sector is a great option. Just be sure to conduct extensive research and stay up-to-date on current trends. This way, you can land one of the top banking jobs in India.