Job Scarcity in the Indian Market to be Replaced with a Pool of Employment Opportunities
The onset of any recession has presented numerous challenges for every country, making it difficult for industries across the world to survive and strive, but they have also ushered an era of opportunities for new-age industries to sprout and shape consumer behavior for decades.
The global recession, induced by COVID-19, has fundamentally changed the work culture globally, and socializes, for years to come. Going ahead it is presumed that the COVID-19 crisis will be a catalyst to unprecedented changes in every industry. Every industry to reform and restructure to transform into the new realities that will emerge.
The onset of COVID-19 had robbed many people of their livelihood, pushing them into the pit of ‘unemployment!’
Industry experts like Raj Raghavan, Gauri Sarin, Megha Gupta, and Murugavel Jankiraman shared great insights on the upcoming employment gig and to satiate them by telling that the job markets will be opening up for more and more skilled professionals soon.
The Way Ahead
In the post-COVID-19 word, more and more businesses have begun to build processes online, were few business models have also been evolving to leverage the possibilities and opportunities of the digital medium.
Thus, the entire process has increased the demand for web developers, cloud computing specialists, and Cybersecurity professionals.
This, in turn, will cause an increase in the amount of data churned daily, and the demand for Data Scientists, Machine learning professionals, AI specialists, and other technical professionals.
A Deloitte report from April — Future of work accelerated — notes that Indian organizations are considering to expand the share of gig workers, as dependence on full-time workers reduces. With shrinking full-time jobs, assignment-based hiring will become the norm. For instance, a graphic designer working from home could be in demand with a media house. A company like Netflix would seek AI experts, paid by the hour, to personalize streaming experiences. A matchmaker is needed to connect firms with qualified candidates.
Job portals have, thus, focus on full-time employment and blue-collared workers. The missing link in the talent marketplace is a national database of job seekers and job creators.
A post-COVID world would need to redefine the rules of the office. Technology offers adequate solutions for distributed, collaborative workplaces. In some cases, this flexibility even infuses greater productivity. At the same time, joining the gig economy increases employee vulnerability. Hence, this segment of the economy, so far outside the ambit of regulatory labor policies, now merits attention.
