The Global Benefits Attitudes Survey found that over 50 per cent of Indian employees worry about their future financial state and feel that these concerns affect their work.
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While take-home salary has emerged as the common preferred salary component, there are distinct differences in other perks desired.
Technological disruptions demand that business and HR leaders stay abreast of technological advancements to avoid technological unemployment.
Around 80% of Indian respondents were confident that they have the skills to work abroad, however 40 per cent of them also worry about ‘brain drain’.
Indian fraudsters are younger in age and initiate acts of fraud much earlier in their careers, use technology to complete the act, are high performers, are driven by personal greed and more often act in groups.
Around 76 per cent of the respondents cited ‘prospect of a higher income’ as the primary reason to work long hours. ‘Promotion’ emerged as the second most important factor with 55 per cent votes, while ‘personal development’ came in next with 42 per cent votes.
Men focus on the cash components of the rewards program, women tend to view it as a complete package.
CEOs increasingly believe that people want to support and work for organisations they can trust, with values that mirror their own.
Preference given to male workers while recruiting or promoting to senior roles, and the career-breaks women take for certain personal and societal reasons are the primary causes behind this gap.
India Inc. should focus on inclusion, diversity and strengthening of core talent-management practices.
This appreciable improvement in hiring sentiment comes on the back of the optimistic consumer-focussed sectors. These businesses foresee more disposable money in the hands of consumers —thanks to consumer confidence owing to increased income levels.
‘State of Human Capital Risk in India’ study reveals that although 62 per cent companies in the country realise the urgency of HCR at the board level, only 33 per cent have a formally-defined risk mitigation or control strategy in place.
Socially responsible organisations are more attractive and engaging workplaces for employees across hierarchies
It is common for companies to try and wriggle out of the situation and avoid legal processes, instead of being compassionate with the complainant. In fact, they even tactically encourage the complainant to reconcile or quit.
Referred employees hit the ground running but eventually join the complacent herd.
Companies seek to fill up specialised workforce deficit, propose sweeter compensation deals.
There are leadership differences between men and women, which make for gender diversity in the workplace.
A Korn Ferry Hay Group study reveals that women outperform men on emotional intelligence competencies.
In a recent study by Accenture, nearly three-quarters of the respondents – men and women alike – said that “the digital world will empower our daughters”.
The digital world of work is forcing radical changes in organisational structures and talent strategies.
While salaries of postgraduates grew by 68 per cent in three years, they increased by only 57 per cent for graduates.
As per Mercer’s survey, Indian cities are safer than most cities in South Asia with Chennai at the top. Hyderabad tops the list in terms of quality of living.
Startups and companies in their early stages will continue to provide maximum increments in order to retain and attract talent.
Ironically, IT employees remain dissatisfied despite being the highest paid.
According to Accenture – global technology trends report, companies that equip employees, partners and consumers with new skills can fully capitalise on innovations.
While 61 % of the workforce in India wishes to retire in the next five years, 59 per cent cite work- related pressure as the primary reason for doing so.