Money & Careers

Indian companies invest only on youngsters

Companies are willing to invest on their employees for training and education if they are below 35 years and the investments decline significantly as the age of the employee grows up.

About 79 per cent respondents of the Randstad India’s latest global Workmonitor Survey 2012 revealed that with regard to training, education and career opportunities companies are willing to spend additionally if they are in the age group of 25 to 34 years. Similarly, companies are not willing to spend money on people above 55 years for training and education.

“Indian employers have trouble finding highly qualified people and this trend is set to continue for the next three years, revealed the survey, a quarterly review that tracks jobseekers confidence and provides a comprehensive understanding of job market sentiment and trends relating to the employment market across 32 countries.

The survey shows that 65 per cent of survey respondents predict a challenge to find highly qualified people in their respective organisations. This is much higher than the world average of 48 per cent. And, 65 per cent of respondents believe that this talent crunch will continue to intensify for their businesses for the next three years.

About 82 per cent of the employees surveyed feel that their current job is a good match to their education or field of study. This is significantly higher in India than the rest of the world, where the average is a little over two-third. The survey results indicate that in India more employees follow their education with a job in a similar field than in the rest of the world, said E. Balaji, MD and CEO, Randstad India in a statement here.

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Printable version | Oct 24, 2021 6:47:32 AM |

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