“Interestingly, despite what’s happening in the labour market globally, India’s unemployment rates are actually going down. Sectors such as technology and media, manufacturing, healthcare, financial services, education and retail are still hiring, as reported in our Jobs on the Rise 2023 list that we published in January,” Shapero mentioned in an interview with ET.
“The most common skills that these industries are recruiting for include merchandising, market research, recruiting, healthcare staffing, CRM, UX, copywriting and data visualisation. These insights come at a time when our jobs consumer research shows that professionals in India remain resilient amid the ongoing uncertainty,” he mentioned.
LinkedIn India is the corporate’s quickest rising marketplace for member engagement, Shapero mentioned. Its member base in India has grown by 56% within the final three years and has now crossed the 100-million-member milestone.
“Many of our members in India use LinkedIn to find jobs, but we also see them over index on networking, messaging and learning. Since the onset of the pandemic, more members are talking about flexible working, work life balance, learning and upskilling,” he mentioned.
“We see a future where skills are the path to economic opportunity for every member of the global workforce, and it’s inspiring to know that India is helping pave the way globally for a skills first future. Members in India spent over 4.6 million hours learning on LinkedIn in 2022, which is almost twice the global average,” he added.
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As of quarter two of monetary yr 2023, LinkedIn’s trailing twelve month income surpassed $14 billion globally, rising 10% yr over-year. “India is our fastest growing market for member engagement globally, and our second largest business market in Asia Pacific after Australia. Our revenue in India has grown by almost 84% since financial year 2020 and has grown nearly four times between financial year 2017 and financial year 2022,” he mentioned. A key a part of the corporate’s product technique in India is localising the product choices, such because the launch of LinkedIn Hindi to take away language limitations to assist present alternative for the 600 million Hindi audio system globally, mentioned Shapero.
“The India team also plays a critical role in keeping our platform safe, filtering out spam, and promoting high-quality content,” he added. The firm’s purpose is to assist members construct the best expertise to unlock alternative, notably in a time of uncertainty, he mentioned. “We have unlocked more than 600 free LinkedIn Learning courses across seven languages.”
Source: economictimes.indiatimes.com