Young Indians struggle to find jobs: RandstadWorkmonitor survey

66% Indians say it is hard for younger workers; 79% say they were forced to take one below their qualification

Both young and mature workers in India are struggling to find a suitable job, says the latest RandstadWorkmonitor survey. 

The survey which sampled over 600 Indians says, 66% of Indians say it is hard for younger workers aged 25 years and below, to find a suitable job and 79% were forced to take a job below their education level. 

 

Over three-fourth (79%) of survey respondents say it’s difficult for older workers to find a suitable job and 71% of them believe, older workers are often forced to take jobs below their education level. 

 

Moorthy Uppaluri, CEO, Randstad India said, “It is an interesting dilemma where companies are unable to find the right talent and candidates are unable to find a suitable job.India Inc should invest in ensuring there is a right job – candidate fit and have robust training programmes to drive employee performance. Such measures will help companies remain attractive for the work force in the long term.”

 

The survey also shows that education alone may not be enough to land many younger people their first job, with 82% of Indians saying experience is a more important factor in hiring Gen Y employees than education.

 

Also, 72% of respondents are willing to move to another country for the right job in comparison to the world average which is 47% according to Randstad India’s recent Workmonitor survey. Workmonitor is a quarterly review that tracks job seekers confidence and provides a comprehensive understanding of job market sentiment and trends relating to the employment market across 32 countries. 

 

Moorthy further added that, “Organisationsand job seekers are keen to find a right mix between experience, education and job match. Though current recruitment practices are increasingly aligned towards relevant experience, as India moves up the value chain, there will be quite a few roles requiring specific skills backed by relevant education and training”. 

 

The RandstadWorkmonitor was launched in 2003, and now covers 32 countries around the world, encompassing Europe, Asia Pacific, and the Americas. The 

 

RandstadWorkmonitor is published four times a year, making both local and global trends in mobility regularly visible over time. In India, more than 600 interviews were conducted.

 

Key Findings:
 

Experience Vs Education & Job outlook for young and old people:
 

• 91% of the respondents feel that experience counts more than education in finding a suitable job, which is slightly higher in comparison to the world average of 81%.

 

• 82% of the respondents have said that experience weighs harder than education as compared to the rest of the world 69%.

 

• 84% of the respondents believe that it is good for the company to actively recruit younger people aged below 25.

 

• 79% of the surveyed respondents felt that it is difficult for older people to find a suitable job. This is less compared to the world average of 89%.

 

• 72% of women respondents said that it is a little difficult for young individuals to find a suitable job while only 61% of the men agreed on the same.

 

Migration to other country for Job:
 

• 73% of the employees surveyed are willing to move to another country for the right job, which is well above the world average of 47%.

 

• By age, relatively fewer older people (45 years & above) are inclined to move to another country for the right job than younger people.

 

• The survey also indicates that employees with lower education (88%) and high qualification (73%) are inclined to move to another country in comparison to employees with middle level qualification (56%).