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Confidence of Indian workforce steadily rising: LinkedIn survey
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SME Times News Bureau | 11 Aug, 2020
As restrictions in lockdown
slowly lift, confidence of the Indian workforce, be it towards finances
or individual confidence, is steadily rising, a LinkedIn survey said on
Tuesday.
The composite score in the latest LinkedIn Workforce
Confidence Index went up to over 53 – from over 50 in the fortnight of
June 15-28, said the report.
The findings are based on survey responses of over 5,500 professionals in India during the weeks of June 1- July 26.
The
results showed that nearly one in three professionals is anticipating
their personal savings to increase, while two in five expect their
personal spending to stay the same in the next six months.
Small
business employees are witnessing a lift in their overall individual
confidence levels -- up from +49 to +58 since June 15-28 -- as well as
confidence towards finances -- up from +35 to +51.
However, this
optimism fades when it comes to job security, as the report showed that
employees in small and medium-sized businesses are less confident about
holding on to their jobs than workers in large enterprises with 10,000
or more employees.
With low cash reserves and on-off lockdowns
across several cities, business sustenance for SMBs continues to be a
challenging affair.
Findings from the survey underscored a
pronounced difference in how professionals from different industries
feel about returning to the physical workplace.
The results
showed that 46 per cent of professionals from recreation and travel, and
39 per cent of professionals from the consumer goods industry will
return to work as soon as they are allowed to.
However, 50 per cent of software & IT employees said they will continue working remotely for now.
This could be due to the fact they have transitioned to working remotely in a smooth manner, among other reasons.
Joining
them in their cautious approach, professionals from transportation
& logistics, and media & communications were seen wary about
returning to the physical workplace.
Risk of exposure, poor
sanitation, and lack of workplace policies worry most professionals who
are reluctant to return to the physical workplace, showed the survey.
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