Worsened Labor Shortage in India Creates Pressures on Talent Acquisition and Retention
A recent survey shows that half of office workers want to resign from their jobs as global labor shortage amplifies employee burnout. In India, the attrition rate is at its record. Employers, while putting all the efforts in recruiting new talents, also need to care for existing employees.
An annual study by UiPath, polling over 5,000 office workers across UK, US, Germany, France, India, Australia, and Singapore in Feb 2022, uncovered the impact that the Great Resignation is having on employees’ roles and responsibilities, career trajectories, and overall experience. The assessment found that office workers are feeling increased pressure at work when more people resign.
Key findings:
74% of Indian and 68% of global respondents reported that they do not know what their responsibilities are anymore, because things at work have changed so much since their coworkers quit
73% of Indian respondents said they are interested or could be swayed into looking for a new job in the next six months.
About 41% said they are currently applying for another job or have had interviews with another company in the past six months.
44% were motivated to seek a new position due to increased pressure on work/life balance
37% said that they are spending too much time on administrative tasks
28% said that there is a lack of employee recognition
99% feel automating certain tasks can improve their job performance by saving time, increasing productivity, and creating opportunities to focus on more important work.
However, the labor shortage, aggravated by the Russia-Ukraine conflict and inflation, might not be fixed in a foreseeable future. Indian employers should consider providing innovate benefits and tools to their employees in order to retain them:
Quarterly appraisals, work flexibility, mass hiring of freshers, eldercare, and childcare support
Counter offers with promotions
Upskilling and reskilling of workforce, tapping spouses of current employees, and targeting women who are keen to get back to paid work
Unlimited paid leaves, official nap times, vacation reimbursements, and choosing own benefits
Automating tasks and hiring gig workers
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