Corporate / SME News | News & Insights

Staggering majority of Indian organisations facing workforce shortage.

Published: September 28, 2020
Author: TEXTILE VALUE CHAIN

A staggering 90% of Indian organisations are experiencing a workforce shortage – with more than half attributing this to quarantine and isolation policies, as well as temporary migration of labour, find a study by Kronos, in partnership with the Society for Human Resources Management (SHRM) in India. The survey of 238 chief human resource officers and HR heads in July 2020 aims to highlight how employers can achieve the right balance between productivity and workforce costs while keeping employee health and safety as a key priority. The survey confirms that organisations have been incurring higher workforce costs both for remote and on-site employees; however, one third of respondents believe that this challenge can be mitigated through visibility into daily employee costs. As working from home shapes the new normal, 44% believe that remote working policies will be a key enabler in the new normal and 55% feel that capturing employee availability and preferences will be a challenge.

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