Overall Score

4.8 in 2015 5.0
0 2.5 5 7.5 10

Key Finding

India’s skilled labour market experienced less pressure in 2016 according to the Hays Global Skills Index. This largely reflected the narrowing of the high-skill industry wage premium which can be traced to strong growth in compensation in the industrial sector.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
0.3
Labour market
participation
4.1
Labour market
flexibility
8.5
Talent
mismatch
4.9
Overall wage
pressure
6.4
Wage pressure in
high-skill industries
4.2
Wage pressure in
high-skill occupations
5.0

COUNTRY OVERVIEW

View from the ground

India’s growth will significantly depend on the way the global economy performs, as the last few years have witnessed a growing correlation, especially growth in the export of services. Last year many organisations adopted a comprehensive approach to reward which is beginning to show an impact and is one of the contributing reasons for the ’wage pressure in high‑skill industries’ indicator falling. Uncertainty in the market has made the workforce cautious of change and therefore employers will need to focus on innovative attraction strategies in high-skilled/niche workforces along with retention focusing on agile and dynamic skill development plans.

Matthew Dickason, Global Managing Director, Hays Talent Solutions

Matthew Dickason, Chief Operating Officer, Talent Solutions APAC

Country Profile

The latest headline GDP figures cement India’s position as one of the brighter spots amongst the emerging markets.

Investment growth continues to disappoint, suggesting growth has yet to become broad based.

Population demographics are very favourable, with the working-age population predicted to grow strongly.

Matthew Dickason, Chief Operating Officer, Talent Solutions APAC

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