Indian employees upbeat about job scenario: Survey
Job scenario in India is buoyant and employees are confident of doing better in the coming months.
According to a survey conducted by the UK-based recruitment agency Michael Page, the job scenario in India is buoyant and employees are confident of doing better in the coming months.
Michael Page Employee Intentions Report 2015-16 for India underlines the fact that with expanding career opportunities in the country, employees are increasingly becoming more aware of their value in the market. The report points to a challenge for employers to fine-tune their strategies to bring in and retain best talent. (Source: http://economictimes.indiatimes.com)
“This is leading to high salary expectations, with more than a third of the respondents expecting to receive a salary increase of 26% or more when changing roles,” said Sebastien Hampartzoumian, senior managing director, Michael Page India. This is also resulting in high turnover, he said, with as many as 82% of the employees intending to change roles in the next 12 months. Besides, the survey showed that 76% of the employees will consider overseas opportunities in the next 12 months.
The report is based on responses of more than 300 employees in an online survey and supported by insight gleaned from conversations with thousands of employees. The participants in the survey represent a broad range of professional occupation groups and positions ranging from entry level to senior management.
A few more findings of the survey:
- Male employees are more aggressive than their female counterparts when seeking salary increases while changing jobs, with 35% of men expecting a raise of 26% or more, as compared with 21% of females who expect the same.
- Scope for career progression is the most important factor when changing jobs for almost two-thirds of survey respondents (65%), ahead of an increase in salary (56%) and company brand and reputation (45%).
- Learning and development opportunities are important for 34% of employees.
- Of the survey respondents who would consider working overseas, the number one reason is to broaden experience and learn from international organisations.
- Good market conditions, a positive outlook and solid retention strategies could well persuade many employees to remain in India and make the most of the many opportunities that will be available in the next two years, the survey found.
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