The rising wave of job insecurity: Nearly half of Indian employees feel unstable in their jobs
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Hello LinkedIn community,
Job insecurity is a growing concern worldwide, impacting workers in every corner of the globe. A recent survey reveals that a staggering 47% of employees in #India do not feel secure in their positions. Let's dive into the findings of the ADP Research 's 'People at Work 2023: A Global Workforce View' report to gain insights into this pressing issue.
?? The Generational Divide: Young Workers Bear the Brunt
#JobInsecurity is most prominent among the younger generation. Shockingly, the survey found that a whopping 50% of Gen Z employees (aged 18-24) expressed a lack of security in their jobs, double the proportion of those over 55 years old who feel the same. We must address the concerns of our future leaders!
?? Unpredictable Economy Fuels Anxiety
The volatile economic climate, reports of significant job losses, and the perceived threat of #AI have contributed to heightened job insecurity. However, let's not lose hope. While challenges persist in attracting and retaining talent, businesses can play a vital role in mitigating job insecurity.
?? Sectors Battling Job Insecurity
#RealEstate, #Construction, and related industries face the highest levels of job insecurity in India. Globally, workers in the #Media and #Information industry express the greatest concerns, followed closely by the #Hospitality and #Leisure sector. It's crucial to address these specific industries' challenges to restore confidence.
?? The Struggle is Real: Workers Willing to Go the Extra Mile
A staggering 60% of respondents across surveyed countries are willing to work unpaid hours to enhance job security. This highlights the urgent need for #employers to reassure their #employees, showing appreciation and highlighting their future prospects within the company.
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? Reassurance is Key
Employers must take proactive steps to address job insecurity and prevent the loss of critical skills and talent. By offering fair compensation, fostering an inclusive and engaging workplace culture, and effectively communicating employees' value, we can create a more positive atmosphere within our organizations. #EmployeeEngagement #TalentRetention
?? The Shifting Landscape: Changing Career Paths
The survey also reveals fascinating insights into changing workforce dynamics. One in five Gen Z workers globally has contemplated changing industries in the past year, demonstrating their openness to new opportunities. Additionally, a quarter of them have considered starting their own businesses, showing their entrepreneurial spirit. It's essential to adapt to these shifting preferences.
?? Introducing Talentplace.ai: Elevate Your Career Journey
Exciting news! We're delighted to introduce you to TalentPlace .ai, the go-to platform for creating compelling #resumes and #careerprofiles. Talentplace.ai is committed to helping professionals showcase their skills effectively. They're now launching "Resume Writing by Experts," providing personalized support and expert guidance to help you stand out in today's competitive job market. Stay ahead of the game with Talentplace.ai! #CareerDevelopment #ResumeWriting
Remember, ensuring job security and fostering a positive work environment is a shared responsibility. Let's join hands to create a future where every individual feels valued and secure in their professional journey.
Stay tuned for more updates and insights in our next newsletter!
Best regards,