Four factors impacting talent and hiring in the world’s fastest-growing economy.
By Michael Switow
Confused about the state of the India’s economy? The planet’s largest democracy is the fastest-growing major economy, with 2019-2020 fiscal year GDP growth expected to clock in between 6.8 and 7.3 per cent. But growth is starting to slow with government deficits rising and unemployment reportedly running at 6.1 per cent, a 45-year high (although Delhi has disavowed the statistic).
With the ability to train hard skills, some organisations are looking for hires that align to values and culture instead.
By Simon Kent
Skill shortages abound across many sectors of EMEA business. Problem areas are no longer confined to specialist roles or niche industries. Employers everywhere are facing a candidate-driven market where competition for talent is already high and increasing. In the face of this, employers are now looking to secure employees with good soft skills with the intention of bringing their technical skills up to speed once in place. In fact, LinkedIn’s 2019 Global Talent Trends report found that 92 per cent of U.K. businesses report that soft skills are now as important or more important than hard skills.