Mumbai, 19 April 2017: In recognition that a satisfied workforce is the key propeller for organisational and economic growth, Michael Page India surveyed professionals in India and Asia Pacific to measure their job confidence and satisfaction levels. The results indicate that the three chief objectives for seeking employment in India remain unchanged, where 48% of individuals aspire to acquire new skills, 39% yearn for better work-life balance and 34% consider income a significant factor.
The Job Confidence Index Q1 2017, conducted by global specialist recruitment firm, Michael Page India, analysed the responses of 650 employees in India and 4,700 across Asia Pacific to reveal notable insights. According to the study, a sizeable number of employees in India (53%) have responded that they consider the scenario of the current national economy as “good to excellent” as opposed to only 33% of employees in the Asia Pacific region.
The research revealed optimism among Indian employees, where 52% of those evaluated rate their professional opportunities as “good to excellent”. The findings further demonstrate that 62% of Indian employees are “satisfied or very satisfied” with their working conditions as compared to 53% of employees in Asia Pacific.
Additional observations from the Job Confidence Index Q1 2017 include:
- Employees in India were more positive about work-life balance in the next 12 months (56% compared to 55% in Q4 2016) as well as development of new skills (85% compared to 81% in Q4 2016).
- A better work-life balance (39%) has now surpassed salary (34%) for the second most important driver when job hunting in India.
Nicolas Dumoulin, Managing Director, Michael Page India comments, “The Government of India has taken numerous initiatives to accelerate the economy through various sector focused initiatives. A robust demand for qualified professionals in a competitive market has resulted in the importance of skill enhancement among millennials. On the backdrop of an improved economic environment and adaptation to global culture, Indian professionals have a positive outlook towards a rise in job opportunities, wage growth and a better work life balance. Their appetite to acquire new skills outweighs other job search push factors which is a positive move towards developing India’s workforce for the future.”
View the full Michael Page India Job Confidence Index Q1 2017 here.