Indians prefer work environment, job security to salary: study
A recent survey shows that employees in India are willing to compromise on the salary front for a more pleasant work environment and job security.
According to Randstad India’s latest global Workmonitor Survey 2012, about 82 per cent of the employees surveyed in India attach a premium to pleasant colleagues, which is the second highest in the world after China and is well above the world average of 60 per cent.
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The survey is a quarterly review that tracks jobseekers confidence and provides a comprehensive understanding of job market sentiment and trends relating to the employment market across 32 countries.
The survey also reflects that employees in India work to live rather than live to work, which is on par with the global average.
The survey also stated 54 per cent of the respondents felt that the financial performance of their organisation was currently under pressure. This is slightly above the world average of 42 per cent.
Of this group, 76 per cent said that foregoing a part of their salary is fine to secure their job and 71 per cent, to prevent redundancies in their organisation.
E Balaji, MD & CEO, Randstad India said that considering employees spend most of their hours at work, salary is often not enough to keep them happy at work. It is imperative for the HR managers to create a work environment with a sense of community.
Employees view their organisation’s financial performance to be under pressure, given the current economic conditions. Organisations must ensure they effectively communicate about the performance of the company to their employees, making sure they feel connected at work, to the organisation and are safe in their jobs.
This would help them gain employee confidence and thus build their employer brand in this competitive market that would not only help to retain the best talent but also attract quality talent, said Balaji.