Talent crunch affecting employers in India

In a study revealed by Careerbuilder, it is projected that the emerging economy is facing a serious talent crunch. In India over half of the employers have positions for which they are not able to find qualified candidates.


The global CareerBuilder survey was conducted online by Harris Interactive from November 1-30, 2012 and included more than 6,000 hiring managers and human resource professionals.


CareerBuilder CEO Matt Ferguson said, “The inability to fill high skill jobs can have an adverse ripple effect, hindering the creation of lower-skilled positions, company performance and economic expansion.”


Significant number of employers in the 10 largest world economies said that extended job vacancies have resulted in lower revenues and productivity and the inability to grow their businesses.


Employers in the BRIC countries currently have positions for which they can’t find qualified candidates, the report said. This is despite the fact that the BRIC nations are also hiring at a more accelerated rate, containing the highest percentages of employers planning to add full-time, permanent staff in 2013.


According to the survey, 74 per cent of companies in China have open positions that they cannot fill, followed by Brazil at 63 per cent, Russia (57 per cent), India (53 per

cent), Germany (31 per cent), Japan (29 per cent), the US (28 per cent), France (26 per cent), the UK (23 per cent) and Italy (16 per cent).


Source – Agencies