Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT Audit :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS
Direct Tax »
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback
 The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.
 IDS is tremendous success: CBDT chief Rani Singh Nair
 Submit monthly data of appeals disposed of: CBDT to officers
 Direct tax mop-up jumps 9 per cent in H1, indirect tax up 26 per cent
 Income tax department slams notice on five Mumbai-based exporters over offshore accounts
 Redress TDS mismatch grievance of taxpayers: CBDT
 Tax department changes rule for accommodating deductions for deferred spectrum payment
 Tax dept renotifies income computation, disclosure standards
 Sushil Chandra to be the next CBDT chief

Finance and IT sectors face talent shortage: survey
May, 28th 2013

While talent shortage has been an existent problem, the situation is expected to turn worse as this problem intensifies around the world. The Annual Talent Shortage Survey by human resource firm ManpowerGroup India said that worldwide talent shortage has local impact with 61% of employers in India struggling to fill jobs. This is considering the fact that the Global Average stands at 35%.

The global results of ManpowerGroup’s Talent Shortage Survey reveal 35% of employers worldwide are reporting shortages, the highest level since prior to the global economic crisis. Japan has one of the gravest shortage situations with 85% employers having difficulty in finding talent.

The study said that employers in India have the most difficulty filling jobs in accounting and finance, IT staff and engineers, as compared to last year when IT staff, marketing/public relations/communication and engineers were the most difficult positions to fill.

The global study further revealed that apart from employers in Japan, those in Brazil (68%) are having the greatest difficulty finding the required talent, while those in South Africa (6%), Ireland (3%) and Spain (3%) report the least difficulty.

According to the global results, India and China are the highest-ranking countries for offshoring, ranking in first and second place, respectively. However, the study said that these countries also show some of the largest increases in talent shortages between the 2009 global low-point and the latest survey. For example, in 2009, 20% of employers in India reported difficulty filling jobs. Four years later, the figure has increased to 61%.

A G Rao, Group Managing Director ManpowerGroup India said, "Accountants and auditors are responsible for a wide assortment of tasks ranging from bookkeeping to tax preparation to strategic planning like advising companies on how to cut costs and increase profits. The recent global financial crisis has been a significant driver of growth in the accounting sector. Further, with the Internet becoming a ubiquitous part of almost every individual, a lot of business activities have moved online making it a necessity to have skilled IT staff."

The research shows that globally the roles most difficult to fill are skilled trades workers, engineers and sales representatives, which is unchanged from last year. It also showed that employers reported that accounting and finance and management positions are also increasingly hard to fill.

Despite acknowledging the impact talent shortages have on their business, the study said that 22% of employers are not changing course to identify new ways to address these shortages.

ManpowerGroup today also launched a new insight paper, The Great Talent Shortage Awakening: Actions to take for a Sustainable Workforce, which examines several strategies HR leaders, can pursue to fuel their organization’s competitiveness for years to come. These include identifying and attracting untapped talent, creating a culture of talent development, implementing a Teachable Fit framework to 'manufacture' talent aligned with business needs, and improving collaboration with education institutions to ensure graduates are work ready.

The global study noted that while employers increasingly recognize that the talent shortage poses a serious threat to their business competitiveness, many appear to be at a loss for answers with more than one fifth reporting they are doing nothing at all to address the problem.

"Merely expanding their workforce is not necessarily the solution and is likely not a viable option anyway when demand is uncertain and subject to economic shocks. In the midst of certain uncertainty, employers must learn how to adapt in real time. To fully succeed in the Human Age, an entirely new brand of workforce flexibility and agility is required," said the global survey report.

MOST POPULAR JOBS: In 2012 and 2013
Jobs most in demand in 2013 in India Jobs most in demand in 2012 in India
1. Accounting and Finance Staff 1. IT Staff
2. IT Staff 2.Marketing/Communications/ Public Relations Staff
3. Engineers 3. Engineers
4. Management/Executive 4. Sales Representatives
5. Marketing/Communications/ Public Relations Staff 5. Teachers
6. Teachers 6. Accounting and Finance staff
7. Sales Representatives 7. Call centers operators
8. Buying and Procurement Staff 8. Insurance staff (Qualified Brokers, clerks etc.)
9. IT Managers/IT Project Managers/IT Directors 9. Secretaries, PAs, Administrative assistants and office support staff.
10. Researchers (R&D) 10. Researchers (R&D)

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions