World Economic Forum has highlighted the need for 50% of the workforce to be upskilled and acquire new skills due to changing technology and growing automation. The fear of losing jobs is part of the process, although jobs will always be there. The role of the manager will remain relevant only if they equip themselves with new skills and knowledge. The expanding relevance of AI, technology and data science in several sectors of Industry has greatly increased the demand for skilled workers.

According to Employment Outlook Report 2022, (October to December, 2022), the optimism in the services sector continues to surge as 73% of employers are ardent on increasing their resource pool in this quarter. For candidates, aspiring to secure opportunities in the services segment, the key sectors expressing a higher intent to hire are information technology (96%), educational services (95%), e-commerce & allied startups (92%), telecommunications (90%), retail [essential] (79%), financial services (78%) and logistics (75%). As the demand for services has increased post the pandemic, large firms (79%), medium sized firms (45%) and small firms (57%) have all shown a strong hiring intent. Organisations are largely hiring for IT, sales, and engineering roles.

In this context, Cross Industry and Cross Cultural Learning is necessary to stand stable in the job market today. Job portals like e2eHiring Pvt Ltd. promote fresh talent through internships and on field placements without any charge hence preparing them to take on multiple roles in several industries.

Knowledge about new markets in Latin America, Brazil, Mexico, Chile is needed and can help in promoting domestic business and expand customer base. Talented youth are keen to explore and gain skills to provide better business development strategies. These measures of cross cultural learning can help to overcome the temporary recession phase and process to develop more international markets.

Industry Heads across India assert that companies are now expected to choose cost-effectiveness over demand-based hirings. This will create more opportunities for freshers in the coming months. Training and Upskilling for professionals and Cross cultural learning will be the key to business growth and success.

Following technical skills are in demand by many organisations today; cloud computing, cloud CRM, AI/ML, UI/UX. These skills are growing in the market and are likely to scale in the future. Talented young professionals can be offered several job opportunities if they have knowledge and understanding of the same and are aware of their use across the international markets.

There is a need to have the right leadership mentality. Leaders can be adaptive or reactive. The former are adaptive to uncertainties. They see the challenges as opportunities for business growth. They constantly change their strategies to have a team of workers who are upskilled and meet the demands of the new market. This will surely help in retaining the best talent and encouraging them to enhance their skills and gain cross cultural and cross country knowledge.