Gen X bets on work experience, Millennials focus on upskilling: LinkedIn Workforce Confidence Index

LinkedIn, the world’s largest professional network, announced the findings of the latest LinkedIn Workforce Confidence Index, a fortnightly pulse on the confidence of the Indian workforce. Based on the survey responses of 1,752 professionals, findings from January 1-29 reveal that professionals in India are confident about career progress despite growing uncertainties about the job market and financial future in the current environment.

80% professionals are confident about skilling opportunities, while 79% are confident about the strength of their CVs. However, the latest edition of the Workforce Confidence Index shows a dip in India’s overall confidence, as the composite score dropped from +58 in December 2020 to +54 in January 2021. The survey attributes this dip in optimism to the workforce’s growing concerns about the status of the pandemic, surmounting expenses, and job availability in the present economic climate. This professional uncertainty comes right after the year-end holiday season, when India’s hiring rate dropped to 17% year-over-year in December 2020, according to the latest edition of LinkedIn’s Labour Market update.