Job hopping rate highest in India: survey
Indians are the most ambitious lot in the world with eight out of ten employees in the country likely to move to another organisation that promises them faster and better development, says a survey.delhi Updated: Oct 13, 2010 16:42 IST
Indians are the most ambitious lot in the world with eight out of ten employees in the country likely to move to another organisation that promises them faster and better development, says a survey.
According to Ma Foi Randstad Workmonitor survey, India continues to have the highest Global Mobility Index score of 141 which means there is maximum employee mobility in India followed by China and Mexico.
The Global Mobility Index by International HR Service Provider shows the extent to which employees are thinking of changing their jobs on a short-term basis when compared to other countries in the world.
Employees in the age group of 25-34 are most likely to change jobs, the report said, adding "sustained and increased developmental initiatives will directly help in retention".
"Though the study reflects an increase in the mobility and a focus on promotion in the workforce, it also brings to light the fact that employees would be satisfied with organisations that are better equipped to handle their developmental plans," Ma Foi Randstad (India and Sri Lanka) CEO K Pandia Rajan said.
The findings of the survey are corroborated by the findings of factual job change in the past six months, where again, India scores are the highest followed by China.
Besides, a significant proportion of employees in India, China and Mexico are confident of finding another job, the report added.
The survey further said that Indian businesses were more employee-focussed than in China and world average. Chinese employees have expressed significantly less satisfaction with their employers (50 per cent) than those in India (73 per cent), while the world weighted average is 68 per cent.
Moreover, Indian employees used the downturn better than their Chinese counterparts to explore innovative methods for accomplishing their jobs and hence growing professionally. This was despite the higher training investment in China (71 per cent) than in India (61 per cent), the report said.
The Ma Foi Randstad Workmonitor is a quarterly review of "mental mobility intent" of employees and covers 25 countries encompassing Europe, Asia Pacific, and the Americas.