LinkedIn observes a 10% rise in founder title rate, Numbers of entrepreneurs increase even post-pandemic Professionals expressed that their confidence regarding entrepreneurship has elevated.
LinkedIn on Wednesday said that even though the nation is a pandemic hit and the job market looks bleak, a 10 percent growth in its network members with the titles like ‘founders’ or ‘co-founder’ on their profile platform.
The number of Entrepreneurs has boomed in the Indian market last year.
Releasing its Workforce Confidence Index, World professional network quoted that this upsurge in the entrepreneur’s number was predominantly strong in the strata of mental healthcare, online media, and e-learning.
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Ashutosh Gupta the Indian Country Manager of LinkedIn said that skills are expected to revolutionize the professional market and become the new professional currency as currently, the different generations of workers rely on imbibing new skills to stabilize the future of their careers, for the industries and corporate markets are currently working towards strengthening their remote operations.
He added that reimagining their employee skills and roles to welcome the post-pandemic ways of working will be crucial to adding resilience for corporate companies across sectors.
A survey was conducted which consisted of responses of 1,752 professionals, in January from 1st to 29th that revealed the Indian professionals were confident about their career progress even though uncertainties have been growing regarding the job market and financial future in the post-pandemic environment.
About 80 percent of professionals had expressed confidence about skill development opportunities, while about 79% were confident about the strength of their resume.
The survey however depicted a downfall in India’s overall confidence.
The survey considers this dip in optimism to the workforce’s growing concerns about the scenario of the Covid pandemic, surmounting expenses, and job availability in the current economic climate.
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This uncertainty in the professional world came right after the year-end holiday period because it was when the nation’s hiring rate had dropped to about 17% year-over-year in December 2020, as quoted by the latest edition of LinkedIn’s Labour Market update.
About 86 percent of millennials said that they were more motivated by opportunities to enhance their skills and climb the ladder while 92% of Gen X and 98% of Baby Boomers said that the strength of their work experience and academic qualifications had made them more confident.
