Indian employees hesitant to seek jobs in West: Study

Tags: Jobs
A significant number of employees are apprehensive about moving to the West for jobs due to global economic uncertainty, while highly skilled ones are returning on account of good opportunities back home, a study said.

"40 per cent Indians are cautious about moving to the West for jobs due to economic slowdown," according to the study.

Besides, highly skilled professionals are returning home seeking economic opportunities that they once sought abroad, it said.

The study further said that 34 per cent Indians still prefer to move to the West for job, while 26 per cent would like to turn entrepreneurs.

Out of the total respondents who mentioned that more Indians are seeking job opportunities in the country, 28 per cent believe that maximum job opportunities are in IT, telecom and manufacturing sector.

"There has been a drop in the number of applications for international positions. It dropped by 4 per cent in January 2014 from an average 1 per cent increase in November-December 2013. However, during January-March this year it did register an overall increase of 3 per cent," the study said.

Besides the fear of global uncertainty, it is the lure of job security and better future prospects that are bringing the talent back home, said 58 per cent of the surveyed firms.

Good salary combined with benefits such as extra allowances and perks are also playing a major role in bringing back professionals to the country, according to 25 per cent of the employers in the study.

Maximum job opportunities are in the manufacturing and petrochemical sector, it added.

For senior leadership positions, international exposure is deemed crucial, hence, returning workforce has bright chances of getting top jobs in these sectors, it said.

While candidates are apprehensive about taking up a job in the international market, global employers are still vying for Indian talent.

The study data highlights that across international locations, engineers, IT, accounting and finance professionals are most sought after.

Demand is huge for talent with 5-10 years of experience, followed by 10-20 years of experience, it added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • RBI has been wise to retain policy rates

    The Reserve Bank of India has been wise to retain policy rates in its latest money policy announcement.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Education domain must be autonomous

Few issues in the higher education domain exist despite numerous ...

Rajgopal Nidamboor

Can we modify our emotional bearings?

We are not always a replica of our thoughts, emotions ...

Gautam Gupta

French fashion icon Gaultier’s pret goodbye

With Gaultier gone, the world of international prêt will never ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture