Delhi: A growing economy throwing up more
opportunities has resulted in over 50 percent of Indian employees
thinking of quitting their jobs, according to a report released
Thursday by human resource consulting firm Mercer.
Mercer's proprietary What's Working survey, which examines
employee views on work, was conducted among more than 2,000
workers in India.
The survey showed that 54 percent of the respondents were
seriously considering leaving their organisation at the present
time, a substantial 28 percent jump from 26 percent in 2004.
Women may lead this exodus as 58 percent say they are considering
leaving, versus 53 percent for men, according to the survey which
also has been conducted in 16 other markets worldwide among nearly
"Just as troubling, and perplexing, younger workers are also
considering to exit: 66 percent of employees under age 24 are
seriously considering leaving and lead all age groups in
satisfaction with their organisation at 82 percent," said the
The survey included more than 100 questions on a range of
work-related topics and Mercer said it was representative of the
overall demographics of the Indian workforce in terms of age,
gender and job level.
"The business consequences of this erosion in employee sentiment
are significant, and clearly the issue goes far beyond retention,"
said Nishchae Suri, managing director, Mercer Consulting India.
"As the economy improves further and new job opportunities emerge,
employers risk losing valued talent and also face productivity and
morale issues among workers who continue to be with the
organisation," Suri added.
Another cause of worry for companies is the emerging generational
tension as youngsters enter the workforce in growing numbers,
bringing with them wholly different expectations regarding work.
Some other findings of the survey are:
- Out of 13 possible reward elements, respondents said that career
advancement is their most important reward element. It was the
top-most priority in the age group 25-34
- Base pay is the second-most important reward which also emerges
as more important to older workers and non management
- Training opportunities followed by type of work were rated third
and fourth, respectively, as most important reward for workers in
- Indian workers place a great deal of importance on working for a
respectable organisation, which is listed as their fifth highest
reward element followed by bonus or incentives
"A clear understanding of "what's inside employees' minds"
represents an important step in developing a blueprint that
skillfully combines existing approaches with innovative ideas to
improve engagement, performance and productivity," said Suri.