1 in 3 Indian Professionals Optimistic About Personal Finances: LinkedIn

A LinkedIn study revealed that 1 in 3 Indian professionals are now becoming increasingly positive about their financial affairs. Of the 2,022 Indian working professionals surveyed by LinkedIn as part of the Workforce Confidence Index’s 16th edition, 30% anticipate their earned income to increase, 35% expect their personal spending to increase and 35% expect their recurring debt payments to increase.

This edition of LinkedIn ‘s Workforce Confidence Index indicates that the current confidence of India employed population continues to increase. For the month of October, the workforce morale score was +53, increasing by 8 points from September, with a score of +45. According to LinkedIn, 40% of Generation X and 41% of Millennial professionals anticipate that their earned income and personal spending will increase in the next six months, the workforce optimism is mutually shared.

The Media & Communications industry has taken a significant move in overall workforce optimism, with a composite score of +40, up 13 points from +27 in October 2020. This trust score is still lower than other major sectors such as Manufacturing (+60), Software & IT (+55), and Finance (+52).

While employed remotely, 1 in 2 Generation X employees are uncertain about weak growth in their career paths. Although 1 in 3 assume that during the COVID-19 pandemic, they accomplished less while operating remotely. On the other hand, when operating from home, only 1 in 5 Generation Z workers are worried about achieving less during the pandemic. “This may be due to higher-tech literacy among Gen Z professionals and smoother remote adoption of work,” according to LinkedIn Survey.

In contrast to Generation X and Millennials, the study also notes that Generation Z workers are 20% more likely to be anxious about workplace safety now that the lockdown restraints are ending, and more and more employees are moving to their workplaces.

“Gen Z practitioners are also 7% more likely than other generations to be concerned about access to safety instruments and equipment. Overall, concerns are mutually conveyed across generations about ‘inadequate employer policies’ and ‘exposure to those who do not take instructions seriously’,” according to the press release.

Source: IBEF