Gen X bets on work experience, millennials focus on upskilling: LinkedIn

The world’s largest online professional network LinkedIn says professionals in India are confident about career progress despite growing uncertainties about the job market and financial future in the current environment. Nearly 80% professionals are confident about skilling opportunities while 79% are confident about the strength of their curriculum vitaes, according to its workforce confidence index, which was based on survey responses from 1,752 professionals during January 1 to 29. However, the index shows a dip in India’s overall confidence as the composite score dropped from 58 in December 2020 to 54 in January 2021. The survey attributes dip in optimism to the workforce’s growing concerns about the status of Covid-19 pandemic, surmounting expenses and job availability in the present economic climate. This professional uncertainty comes right after the year-end holiday season when India’s hiring rate dropped to 17% year-over-year in December 2020, according to LinkedIn’s labour market update. While the job market looks bleak, entrepreneurship looked up for Indian professionals last year. The labour market update highlights the rise of entrepreneurship in India as findings show a 10% growth in members with the title ‘founders’ or ‘co-founder on their profiles from January to December 2020 on LinkedIn. This uptick in…
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