Indias talent resources better than global peers

New Delhi, May 22 | Updated: May 23 2007, 05:30am hrs
Those shouting doom for the Indian economy because of the impending talent crunch can take heart from this one. In 2007. Only 9% of Indian employers found it difficult to fill positions because of lack of suitable talent as against 41% of employers worldwide.

Whats more, as opposed to the global trend, the crunch seems to be easing off in India as just last year 13% of Indian employers reported difficulty in hiring. Remarkably, the 2007 figures are also the least of all country statistics reported by the global recruitment firm Manpower that conducted the study in late January 2007.

The survey covered 37,000 employers across 27 countries, including 4,858 employers in India. Other countries where the talent shortage is not so severe are Ireland (17%), Netherlands (17%) and China (19%). Those looking for a job can also head out to countries like Costa Rica (93% reporting shortages), Mexico (82%), New Zealand (62%), Australia (61%) and Japan (61%) and Singapore (57%) that have stark demand-supply gaps when it comes to human resources. All the above countries reported an increase in difficulty in hiring over 2006. (Costa Rican figures for 2006 are not available). Clearly, the talent crunch situation in these countries is much worse in comparison to India.

Within India, the top ten jobs that employees find difficult to fillin order of rankingare engineers, IT staff, technicians, sales representatives, teachers, marketing staff, management/executives, skilled manual trades, accounting and finance staff and receptionists and front office staff.

The Indian situation is similar to the rest of the world when it comes to specific skill pool scarcity. Across North America and Asia, the top three talent shortages are identical-sales representatives rank number one, followed by engineers and technicians, said Jeffrey A Joerres, chairman & CEO of Manpower Inc.

The Manpower survey also notes that while demograhic immobility can cause talent shortages within countries, in Indias case the problem seems to be easing with much of the recruitment being done outside of Bangalore and Mumbai, cities that were hubs of recruitment earlier.

The talent crunch is strongest in engineering jobs as compared to last year when sales representatives topped the list of jobs lacking suitable talent availability, said Manpower Indias executive chairman Soumen Basu.