MUMBAI: Indian corporates are seeing workforce crunch and hiring skilled people as a challenge for the future. Corporates are also seeing uncertainty over export demand as a constraint in adding capacity.
senior industry executives SBI Economic Conference Said they were facing high attrition. The private financial sector is already witnessing high turnover in front-line jobs, with many private banks reporting 20-25% churn.
“In manufacturing, some specialized skills like digital or sustainability-related are hard to get. Diploma holders are also facing difficulty in getting them. Today, if there is a project, contractors have to hire 30% more workers because of the risk of job losses. JSW Steel Joint MD and CFO Seshagiri Rao.
R Shankar Raman, CFO, L&T said, “We are seeing that there is still a 20-25% shortfall in the technology services company we run and it is no joke to have a large number of people in one place .” He added that technology had a premium on talent, which he felt was unsustainable as it resulted in the individual becoming more important in the organisation. “We employ around 10,000 people in the Coastal Road Project, of whom Many come from remote areas. As inclusiveness improves employment opportunities, some migration will stop, and we are looking for alternative solutions.”
According to Crisil Ratings MD Gurpreet ChhatwalBiggest Opportunities and Risks Crisil Sees in various industries that people have professional skills.
senior industry executives SBI Economic Conference Said they were facing high attrition. The private financial sector is already witnessing high turnover in front-line jobs, with many private banks reporting 20-25% churn.
“In manufacturing, some specialized skills like digital or sustainability-related are hard to get. Diploma holders are also facing difficulty in getting them. Today, if there is a project, contractors have to hire 30% more workers because of the risk of job losses. JSW Steel Joint MD and CFO Seshagiri Rao.
R Shankar Raman, CFO, L&T said, “We are seeing that there is still a 20-25% shortfall in the technology services company we run and it is no joke to have a large number of people in one place .” He added that technology had a premium on talent, which he felt was unsustainable as it resulted in the individual becoming more important in the organisation. “We employ around 10,000 people in the Coastal Road Project, of whom Many come from remote areas. As inclusiveness improves employment opportunities, some migration will stop, and we are looking for alternative solutions.”
According to Crisil Ratings MD Gurpreet ChhatwalBiggest Opportunities and Risks Crisil Sees in various industries that people have professional skills.