LinkedIn says four in five Indian professionals are looking for a new job in 2023 – Times of India

Hiring levels in India were 23% slower in December 2022 as compared to December 2021, LinkedIn said in a report, which added that despite this decline, four of five, or 80% of professionals are considering changing jobs in 2023. The report also says that the job change sentiment is largely led by Gen Z.
According to LinkedIn’s economic graph data, the Indian workforce appears resilient in the face of economic uncertainty. Gen Z leads in terms of people who are looking to change jobs in 2023, with 88% of professionals aged 18-24 considering a switch, compared to 64% of those aged 45-54.
“Despite uncertain economic times ahead, professionals are taking a long term view of their career by investing in their skills and proactively seeking opportunities to progress. Over three quarters (78%) of workers surveyed said if they were to leave their job, they would feel confident finding other roles to apply for,” the professional network revealed the results of a research.

Reasons for job change
LinkedIn research suggests that professionals have multiple reasons for changing jobs. One of the major factors (23%) is the rising cost of living pressures and need for financial security.
The second factor is better work life balance (33%) and job seekers are looking for jobs that offer a balance in their professional and personal lives.
About a third (32%) said that they feel more confident in their abilities and think they can find a better role.
Professionals ready for economic storm
According to LinkedIn’s Workforce Confidence Index, 43% of professionals in India feel prepared for an economic downturn, however, they are also taking proactive measures to ‘career cushion’ themselves from the ongoing uncertainty.

“Despite tough economic conditions, the Indian workforce is relying on their own abilities to grow and push forward. Since the pandemic, it’s clear that professionals have built up a bank of resilience, and we’re seeing this in their response to tackle the year ahead. They are striving for the ideal role that offers the right wage, and allows for appreciable work-life balance and flexibility,” said Nirajita Banerjee, LinkedIn Career Expert and Head of Editorial for LinkedIn India.
The index suggests that more than half (54%) of professionals in India are growing their network by staying in touch with the right people as well as attending more business events. Nearly half (47%) of the professional workforce is asking for feedback from their peers and managers, and 44% are learning new in-demand and transferable skills.
LinkedIn also says that it is hosting live workshops in addition to offering free learning courses and expert advice on the platform from January 30 to February 3 to support professionals in the new year.