62% Indians satisfied with work conditions: Page survey
Key drivers for career change in this quarter included the interest to develop new skills (48%), better worklife balance (39%) and salary (34%), according to the Michael Page report
AS HIGH AS 52% OF EMPLOYEES IN INDIA REMAINED POSITIVE ABOUT THEIR JOB OPPORTUNITIES WITHIN THEIR AREAS OF EASE EXPERTISE, ACCORDING TO THE REPORT.
Sixty-two percent Indian employees are satisfied with their work conditions as compared to their peers in the Asia Pacific region, according to a new survey by search firm Michael Page.
According to the ‘Michael Page’s ‘Job Confidence Index Quarter 1 2017’ (January-March period), 62% employees in India are satisfied or very satisfied with their work conditions, a slight dip from 63% in the fourth quarter of 2016.
On the contrary, 53% of employees in Asia Pacific are satisfied or very satisfied as against 54% in the fourth quarter of last year.
Major cities like Delhi, Bangalore and Chennai registered a drop in their work satisfaction index in the first quarter as compared to quarter four of 2016.
The Michael Page Job Confidence Index is a current and historical snapshot of active job seekers and their experiences looking for work in various markets across the globe. This report surveyed 650 employees in India and 4,700 employees across the Asia Pacific for the first quarter survey.
The research revealed optimism among Indian employees, where 52% of those evaluated rate their professional opportunities as “good to excellent”. The findings further demonstrate that 62% of Indian employees are “satisfied or very satisfied” with their working conditions as compared to 53% of employees in Asia Pacific.
Additionally, 53% of employees in India rate the current national economy good to excellent, which is more optimistic when compared to their AsiaPacific counterparts where the percentage drops to 33%.
The key drivers for career change in this quarter included the interest to develop new skills (48%), better work-life balance (39%) and salary (34%). However, the urge to change jobs for developing new skills was 52% in the last quarter of 2016.
As high as 52% of employees in India remained positive about their job opportunities within their areas of expertise, according to the report.
In a city -by -city comparison, job satisfaction levels of employees in Delhi, Bangalore and Chennai saw a dip whereas Mumbai was in line with the previous quarter.
Delhi fell from 70% in Q4 to 66% in Q1, Bangalore from 70% in Q4 to 62% in Q1 and Chennai from 74% in Q4 to 55% in Q1
“The Government of India has taken numerous initiatives to accelerate the economy through various sector focused initiatives. A robust demand for qualified professionals in a competitive market has resulted in the importance of skill enhancement among millennials,” Nicolas Dumoulin, Managing Director, Michael Page India said in a media statement.
“On the backdrop of an improved economic environment and adaptation to global culture, Indian professionals have a positive outlook towards a rise in job opportunities, wage growth and a better work life balance. Their appetite to acquire new skills outweighs other job search push factors which is a positive move towards developing India’s workforce for the future,” he added.