A recent report compiled by the American management consultancy firm McKinsey & Company, suggests that around 12 percent of the population in eight countries, including India, may need to switch jobs by the end of the decade.
The report cites that COVID-19 has pushed faster technology adoption and hence, ‘the scale and nature of workforce transitions required in the years ahead will be challenging.’
The study was conducted in the United States, Germany, Japan, France, Spain, the United Kingdom, China and India.
A pre-pandemic survey had suggested that 6 percent of the population in these countries would need to reskill and find other career options but the figure has shot up to 12 percent in the wake of increased reliance on technology due to the pandemic.
The report, based on a detailed study of the Indian job market, states, “In India, the share of total work hours spent using physical and manual skills will decline by 2.2 percentage points while time devoted to…