4 in 5 professionals in India considering job change in 2023: Report

File Photo

New Delhi: As many as 4 in 5 Indian professionals are considering job change this year and are keen on switching to roles that offer the right wage, and allow for appreciable work-life balance and flexibility, says a report. According to LinkedIn's economic graph data, the hiring level in India was 23 percent slower in December 2022 as compared to December 2021. "Indian workforce appears resilient in the face of economic uncertainty, with 4 in 5 (80 percent) professionals considering changing jobs in 2023," it said.

Consumer research was conducted Censuswide between November 30, 2022, and December 2, 2022, and was based on 2,007 workers aged 18+. As per the report, 88 percent of professionals aged 18-24 are considering a switch, compared to 64 percent of those aged 45-54. ()

"Despite tough economic conditions, the Indian workforce is relying on their own abilities to grow and push forward. Since the pandemic, it's clear that professionals have built up a bank of resilience, and we're seeing this in their response to tackling the year ahead," said Nirajita Banerjee, LinkedIn Career Expert and Head of Editorial for LinkedIn India. ()

Banerjee further said professionals are striving for the ideal role that offers the right wage, and allows for appreciable work-life balance and flexibility. The survey further noted that despite uncertain economic times ahead, professionals are taking a long-term view of their careers by investing in their skills and proactively seeking opportunities to progress.

"Over three quarters (78 percent) of workers surveyed said if they were to leave their job, they would feel confident finding other roles to apply for," it added. While the future remains dynamic, it is essential for professionals to invest in themselves by building transferable skills that will make their profiles more versatile and adaptable to different roles, Banerjee said.

"We have seen a 43 percent year-on-year increase in members adding skills to their LinkedIn profile - 365 million have been added in the last 12 months. This is a smart way to secure a sustainable and successful career," Banerjee added.

The rising cost of living pressures and the need for financial security is one of the major factors that is pushing workers to look for new jobs as they want more money. Some professionals are also keen on switching to roles that offer better work-life balance.

One in 3 (32 percent) professionals said they also feel more confident in their abilities and think they can find a better role, the survey said.