Geopolitical Tensions Reshape the Indian Workplace Landscape
A report highlights how geopolitical tensions have caused significant changes in the Indian workplace. Over 63% of companies are freezing hires or downsizing, pushing a shift towards contract roles. Employees face challenges like increased workload, and many are upskilling to remain competitive.
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- India
Geopolitical tensions, particularly wars in the Middle East, are significantly affecting the Indian workplace, with a new report indicating that 63% of companies are either freezing hiring processes or downsizing their teams.
The report, released by staffing solutions provider Genius Consultants, reveals a notable shift towards contract-based or freelance roles, as 15% of companies make adjustments amid escalating tensions. Conducted between May 12 and June 6, the report surveyed 2,006 employees across various sectors in India.
According to the survey, 36% of employees have experienced a negative impact on salary growth and bonuses due to geopolitical instability. Additionally, workload pressure has risen for 21% of respondents, and international business exposure has suffered setbacks. In response, over half of the employees are upskilling, while others are seeking new job opportunities.
(With inputs from agencies.)
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