India can become the pioneer in incorporating AI technology into business if the industry moves ahead with the right upskilling approach, as has been suggested by PwC’s report titled “India Workforce Hopes and Fears Survey 2023”.
According to an official release, 51% of Indian respondents of this survey believed that AI will increase their productivity at work as compared to 31% of global respondents, based on their organisations’ support with upskilling opportunities. From what it’s understood, 62% of India employees believe the skills required to do their job will change over the next five years; 69% of them are also aware of how these requirements will change. Indian respondents have shown to be over 15% more confident as compared to their global counterparts, that their employer will provide them with the tools and opportunities to develop the skill sets.
The report also highlights that the Indian workforce is restless, with 42% of employees indicating that they are likely to change jobs in the next year due to expectations of better pay packages and promotions as compared to 26% globally. Additionally, 70% of India participants, as against 35% of their global counterparts, were understood to be willing to ask for a promotion. According to the report’s data, 24% of India respondents believed AI would impact the nature of their work in a negative way, which is 10% more than the global average. Furthermore, 21% of India respondents believed AI will take over their job as compared to 13% of the global respondents. The most common sentiment, expressed by 51% of respondents, is reportedly that AI will help them increase their productivity or efficiency at work in comparison to 31% of global respondents.
“Amidst the uncertainty and impact of AI, I believe the workforce is demanding more from their employers on all counts. I think the workforce is not settling with a competitive compensation only – which continues to be a hygiene – but also a deeper job satisfaction, and faster growth opportunities to fulfil their aspirations. To thrive, organisations and leaders should need to make tough choices while blending adaptability with workforce structures and career pathways, for an ever-evolving landscape,” Anumeha Singh, partner, PwC India, said.
