India is most mobile global job market in the last six months
Wednesday, October 13, 2010
India is most mobile global job market in the last six months
India has seen the maximum number of job switchovers in the last six months, making it the most mobile global job market, according to a report by Ma Foi Randstad, a leading global hiring agency.
According to the survey, which was conducted among 35,400 employees across 26 countries, India has the highest mobility index of 141. This implies that more employees from India switch jobs as compared to their global counterparts.
“This is corroborated by the findings of the factual job changes in the past six months, where again the scores are the highest in India followed by China.
Also, a significant proportion of employees in India, China and Mexico are confident of finding another job,” the survey report said.
According to the survey, the mobility intent index of 148 was highest amongst those in the age group of 25-34 years and this trend is similar to the last quarter.
With relatively higher focus on promotion, this is the most vulnerable group in Indian organisations in terms of attrition as compared to employees in other agegroups,” it said.
High inflation, coupled with high aspiration levels, is the key reason for the high mobility intent for employees in this age group, the report added. Eight out of ten Indian employees surveyed in this age group said they would move to an organisation that promises faster and better development.
At 153 the mobility intent index is the highest among people earning between Rs 90,000- 2,00,000 and the factual job change in the past six months is relatively high within this group. The report says that this is a result of high inflation, which is bringing down the real purchasing power and, thus, resulting in the need to earn more.
Among the four metro cities the mobility index was highest in Delhi followed by Bangalore. The factual job change in Delhi was relatively high at 51 per cent.
The report pointed out that satisfaction with the employer is highest in Mumbai at 82 per cent and lowest in Delhi at 69 per cent. Also, employees in Mumbai were less likely to switch jobs as compared to the last quarter.
“The differential scores between Mumbai and Delhi indicate that employees in Delhi have higher expectations from their employers compared to their counterparts in Mumbai,” the survey added.
The survey showed that the temporary workforces were more likely to change their jobs and the trend was likely to continue in future.
“On the back of economic recovery most organisations have been opting for increased flexibility leading to high demand for temporary workforce. This has increased the opportunities for the temporary workforce leading to higher mobility,” it said.
K. Pandia Rajan, chief executive officer, Ma Foi Randstad (India & Sri Lanka), said, “ Though the study reflects an increase in the mobility, it also brings to light the fact that employees would be satisfied with organisations that are better equipped to handle their developmental plans.” “ This should give great insights to organisations to focus on employee engagement and development,” he added.
India has seen the maximum number of job switchovers in the last six months, making it the most mobile global job market, according to a report by Ma Foi Randstad, a leading global hiring agency.
According to the survey, which was conducted among 35,400 employees across 26 countries, India has the highest mobility index of 141. This implies that more employees from India switch jobs as compared to their global counterparts.
“This is corroborated by the findings of the factual job changes in the past six months, where again the scores are the highest in India followed by China.
Also, a significant proportion of employees in India, China and Mexico are confident of finding another job,” the survey report said.
According to the survey, the mobility intent index of 148 was highest amongst those in the age group of 25-34 years and this trend is similar to the last quarter.
With relatively higher focus on promotion, this is the most vulnerable group in Indian organisations in terms of attrition as compared to employees in other agegroups,” it said.
High inflation, coupled with high aspiration levels, is the key reason for the high mobility intent for employees in this age group, the report added. Eight out of ten Indian employees surveyed in this age group said they would move to an organisation that promises faster and better development.
At 153 the mobility intent index is the highest among people earning between Rs 90,000- 2,00,000 and the factual job change in the past six months is relatively high within this group. The report says that this is a result of high inflation, which is bringing down the real purchasing power and, thus, resulting in the need to earn more.
Among the four metro cities the mobility index was highest in Delhi followed by Bangalore. The factual job change in Delhi was relatively high at 51 per cent.
The report pointed out that satisfaction with the employer is highest in Mumbai at 82 per cent and lowest in Delhi at 69 per cent. Also, employees in Mumbai were less likely to switch jobs as compared to the last quarter.
“The differential scores between Mumbai and Delhi indicate that employees in Delhi have higher expectations from their employers compared to their counterparts in Mumbai,” the survey added.
The survey showed that the temporary workforces were more likely to change their jobs and the trend was likely to continue in future.
“On the back of economic recovery most organisations have been opting for increased flexibility leading to high demand for temporary workforce. This has increased the opportunities for the temporary workforce leading to higher mobility,” it said.
K. Pandia Rajan, chief executive officer, Ma Foi Randstad (India & Sri Lanka), said, “ Though the study reflects an increase in the mobility, it also brings to light the fact that employees would be satisfied with organisations that are better equipped to handle their developmental plans.” “ This should give great insights to organisations to focus on employee engagement and development,” he added.
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