Indian frontline workers worry job loss if fail to adapt to new tech

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New Delhi, Jan 13 | Six in 10 frontline workers in India worry that they could lose their jobs if they don’t adapt to new technology, a new Microsoft report showed on Thursday.

Nearly 88 per cent of frontline workers in India are excited about job opportunities tech creates.

The top three reasons for considering a job change for them are to make more money, to look for a position to develop new skills, and for better employee benefits, according to Microsoft India’s ‘Work Trend Index’ report.

“Even as we continue to endure pandemic uncertainty right now, frontline workers are standing up to the challenge of keeping the wheels of the economy running,” said Rajiv Sodhi, COO, Microsoft India.

“There are clear signals about the opportunity to align business outcomes with the wellbeing and growth of frontline employees. It’s encouraging to see that technology can help at this inflection point,” he said in a statement.

The Covid-19 pandemic has also strengthened ties and frontline workers have turned to each other for weathering this storm together.

In India, 86 per cent of frontline workers report that they “feel very bonded to co-workers” because of shared stresses brought on by the pandemic.

But their connections to leadership and company culture are weak.

“Sixty-six per cent of frontline workers say that leadership does not prioritise building workplace culture, and that jumps to 69 per cent for those in management positions on the frontline such as department heads, store managers, and shop-floor supervisors,” the findings showed.

Sixty-five per cent of frontline workers say messages from leadership don’t make it to them.

Things are especially trying for frontline managers (67 per cent) who say their higher-ups are not effectively communicating with them either.

At the same time, 17 per cent of frontline workers feel their voice is not being heard when communicating workplace issues, said the report.

While 23 per cent of frontline workers in non-management positions don’t feel valued as employees, many workers (65 per cent) wish more was being done to help with physical exhaustion or to support mental health (64 per cent).

“As we embark on year three of the pandemic, 41 per cent of frontline workers believe that work stress will either stay the same or worsen in the coming year,” the report mentioned.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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