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India –Young and older workers struggle to find jobs but disregard temporary work

30 July 2013

Randstad’s Workmonitor survey reveals that 66% of young people and 79% of older people in India are struggling to find suitable work. As a result, 79% of young people and 71% of older people have accepted jobs below their level of education.

Young people, below the age of 25, responded that 76% would consider moving abroad to find a suitable job. Older people, above the age of 55, responded that 57% would move abroad to find work. Across all age ranges, 73% of Indians would relocate for a suitable job, significantly more than the world average of 47%.

Work experience is perceived as the biggest stumbling block for young Indians looking to secure employment. 91% of those surveyed believe that experience outweighs education for all age ranges and 82% responded that experience trumps educated for younger people. This compares to global averages of 81% and 69% respectively. 

In order to secure employment, 69% responded that they would be willing to exchange part of their salary. This is nearly double to global average of 39%. However, only 76% of those surveyed would rather have a temporary job than no job at all, lower than the global average of 88%. A higher proportion of Indian’s responded that temporary work is for young people; 59% compared with the global average of 43%. Female respondents felt more strongly that temporary work was for young people, with 67% compared with 54% of male respondents.

The recruitment outlook for India is mixed. Indian graduates are expected to face a tougher job market. Asian Age reports that hiring ratios for companies has been 70:30 for graduates to experienced applicants. This is now expected to change to 50:50 for most companies, with some reducing graduate recruitment even further to 40:60.

Sunil Goel, managing director of recruitment form GlobalHunt commented: “Expectations from the campuses have also gone down as experienced resources are easily available at [a] similar price. So, the companies are preferring to hire from the market than [go] to campuses [to recruit].”

IT recruitment has traditionally been a big employer of graduates, with 180,000 recruited last year. It is expected that an estimated 120,000 new jobs to be created this year, a reduction of -30%. According to zeenews.India.com, the number of IT graduates in 2005 was 365,000 rising to 1.3 million in 2012.

For further information on the Randstad Workmonitor survey, please click link below. 

WorkMonitor_q2_infograph_Jul2013 - You do not have permission to view this object.


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