'Most Indians feel job switch necessary to advance careers'
An overwhelming number of Indian employees feel that they must leave their existing organisations for advancing their careers, a study said.business Updated: Jul 11, 2010 17:13 IST
An overwhelming number of Indian employees feel that they must leave their existing organisations for advancing their careers, a study said.
"India, as a matter of fact, is ranked the highest at 56 per cent where a majority of the employees feel they have to leave their organisation to advance to a higher job," a Towers Watson's Global Workforce Study, said.
India is ahead of the US at 43 per cent, UK at 41 per cent, Brazil at 39 per cent, China at 38 per cent and Germany at 37 per cent in terms of the number of employees who felt they must switch jobs to advance their careers, the study said.
"The top management in India Inc needs to review the career advancement programmes for their employees if they have to retain talent in what promises to be a prolonged growth phase of the business cycle," Towers Watson India Managing Director Dhritiman Chakrabarti said.
Towers Watson conducted the global workforce study in India between November, 2009, and January, 2010.
It surveyed employees in the 25-35 years age-group, predominantly male, having less than five years' work experience, in mid-management levels of medium-sized organisations with an employee strength between 1,000 and 4,999, a statement issued here said.
The survey observed seven principal elements that defined career advancement.
These were making more money, acquiring skills to perform better, achieving higher status and recognition, advancing to a senior leadership role, acquiring skills to be eligible for other jobs, moving up a well-defined career path and making lateral career moves, it said.
"Making more money was globally the number one element that defined career advancement except in the UK, where acquiring skills to perform better topped the list," the study said.