Travel and recreation employees 3.8 times more likely to switch sectors

LinkedIn data suggests that professionals from the retail space are 1.5 times more likely to seek employment in other industries

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With the pandemic causing flights to be grounded and international borders to be sealed, the travel, recreation, aviation and hospitality sectors have been the worst affected. Therefore, it does not come as a surprise when data from LinkedIn shows that, professionals from the recreation and travel space are 3.8 times more likely to seek jobs in other sectors, whereas those from the retail space are 1.5 times more likely to switch sectors. There is a 1.4 times more likelihood of professionals in corporate services switching to other industries. LinkedIn’s Workforce Confidence Index data reveals that 62 per cent professionals in the country are ready to switch sectors and careers in search of employment.

The data from LinkedIn also indicates that things are looking up as far as the labour market in India is concerned. While there was a 12 per cent year-on-year growth rate in hiring in August 2020, the competition for jobs is 30 per cent more. This means, 30 per cent more people will

be competing for jobs than in 2019. Internal hiring has also been on the rise in the Asia Pacific regionl.

Job opportunities in the technology sector are on the rise. With demand for digital skills increasing by the day, it is expected that there will be 150 million more technology-related jobs available for the taking in the next five years.

The demand for software engineers is the highest in LinkedIn, ranking amongst the top five. Application developers, full-stack engineers, system analysts and business analysts rank second, third, fourth and fifth.

The skills that Indian professionals seek the most is the Python Programming language, followed by machine learning, data structures, digital marketing, and HTML 5.