73% Indian employees expect promotion in next 12 months: study
New Delhi: More employees in India are satisfied with their working conditions compared to their peers in Asia-Pacific and a significant majority of workforce in the country expects a promotion in the next 12 months, says a study.
After analysing responses from 688 employees from mid-senior level, across organisations and sectors, in the four key metros, the study said that 62% of employees in India are satisfied with their working conditions compared to 54% in Asia-Pacific.
Further, 73% Indians expect a promotion in the next 12 months, the Michael Page India’s Job Confidence Index for the first quarter of 2016 added.
“They (employees) seem to be pinning their hopes on their annual performance appraisal and will only look at changing roles if the new role offers better opportunities in terms of skill development or a hike in remuneration,” Michael Page India senior managing director Sebastien Hampartzoumian said.
The study, which is a current and historical snapshot of active job seekers and their experiences looking for work in India, finds that there has been an overall dip in confidence levels compared to the last quarter.
“The drop in overall confidence levels can be attributed to a general belt tightening witnessed in the start-up sector, which fueled job growth in the last quarter,” Hampartzoumian added.
A citywise comparison shows that Bengaluru holds the top spot with 75% respondents satisfied with their general working conditions, followed by Mumbai (62%), Delhi (62%) and Chennai (58%).
“This is primarily due to Bengaluru’s image as India’s own Silicon Valley. Adoption of global practices such as BYOD (Bring Your Own Device), flexible work hours and mature employee benefits programmes gives Bengaluru a definite edge over the other metro cities,” Sebastien added.
The report further noted that the top three reasons for looking for a job in India include, new skill development cited by 42% of respondents, salary (40%) and better working conditions (39%).