Money ain�t important for Indians
Study shows Indian employees rank job satisfaction first, while their Chinese counterparts see push it down to fifth
Mumbai Mirror Bureau
Mumbai: When it comes to Indian employees and their priorities, job satisfaction is valued more than the money, claims Watson Wyatt, a global human capital consulting firm in a study.
�In most categories, Indian employees rate their companies more favourably than employees in other Asia Pacific countries. Indian employees give more importance to the company�s growth prospects and reputation when evaluating the �leave or stay decision� as compared to their Asia Pacific counterparts,� said Anita Belani who is the Country Head of Watson Wyatt.
In a real hot HR market, corporate India�s challenges are ever-increasing as shown by 44 per cent of the companies surveyed which had significant difficulties in attracting top performers.
Of all the firms studies, 40 per cent make mid-year salary corrections with BPOs having up to 25 per cent increments, albeit they face a 40 to 50 per cent turnover in employees. But India has been registering the highest salary increases in the region, says the study.
Indian employees rank job satisfaction as the first prerequisite whereas their Chinese counterparts prefer it as fifth in order of priority. Work environment is the second priority in India � fourth in China.
Chinese consider teamwork as the first priority, it�s third for Indians. But when it comes to compensation and benefits, employees from both the countries ranked it as the last priority.
John Haley, President and CEO of Watson Wyatt, said, �The Indian workforce is currently 500 million and set to grow by 335 million over the next three decades, which is greater than the combined workforce of the UK, US, Japan, Germany and France.�
Study shows Indian employees rank job satisfaction first, while their Chinese counterparts see push it down to fifth
Mumbai Mirror Bureau
Mumbai: When it comes to Indian employees and their priorities, job satisfaction is valued more than the money, claims Watson Wyatt, a global human capital consulting firm in a study.
�In most categories, Indian employees rate their companies more favourably than employees in other Asia Pacific countries. Indian employees give more importance to the company�s growth prospects and reputation when evaluating the �leave or stay decision� as compared to their Asia Pacific counterparts,� said Anita Belani who is the Country Head of Watson Wyatt.
In a real hot HR market, corporate India�s challenges are ever-increasing as shown by 44 per cent of the companies surveyed which had significant difficulties in attracting top performers.
Of all the firms studies, 40 per cent make mid-year salary corrections with BPOs having up to 25 per cent increments, albeit they face a 40 to 50 per cent turnover in employees. But India has been registering the highest salary increases in the region, says the study.
Indian employees rank job satisfaction as the first prerequisite whereas their Chinese counterparts prefer it as fifth in order of priority. Work environment is the second priority in India � fourth in China.
Chinese consider teamwork as the first priority, it�s third for Indians. But when it comes to compensation and benefits, employees from both the countries ranked it as the last priority.
John Haley, President and CEO of Watson Wyatt, said, �The Indian workforce is currently 500 million and set to grow by 335 million over the next three decades, which is greater than the combined workforce of the UK, US, Japan, Germany and France.�