Indian employers provide best career opportunities: Study
A survey by Towers Watson, a leading global professional services company that helps organisations improve performance through effective people, risk and financial management, titled, ''Talent Management and Rewards survey'' has given highest score to the Indian employers in the area of career advancement opportunities provided to employees.
The survey has said that majority of Indian employers have reported an improvement in career advancement opportunities over the last 12 months.
A dominant 60 per cent of the surveyed companies have reported that career advancement opportunities for their employees have improved over the last 12 months.
While 40 per cent of the surveyed companies opined that career advancement opportunities had remained the same. Most importantly, this ‘employer opinion’ was endorsed by 58 per cent of Indian employees, evidencing a conclusive agreement that Indian employers are taking active steps towards offering advancement opportunities to their employees. The survey aimed at capturing the current global landscape of rewards and talent management brings out a scenario, which is quite encouraging for employers and employees in India alike.
Commenting on the global, regional and India specific inferences of the survey, Towers Watson India MD Dhritiman Chakrabarti said, “The impact of the recessionary environment was less harsh on India Inc and consequently on the Indian workforce, but what is important to note is the studied and measured response of corporate India to the slowdown as compared to the rest of world and the Asia Pacific region in particular.
Equally important, on a comparative note, is the affirmative and buoyant sentiment that has been expressed by corporate India, be it in terms of job security, skill development or opportunities to earn higher levels of compensation.”
The “compensation element” which hitherto is popularly considered as the prime motivator for employees, is another parameter where Indian employers score better.
While only 37 per cent of employers in the Asia Pacific region believe they provide their employees an opportunity to earn higher levels of compensation, around 54 per cent employers in India, which incidentally is the highest number within the Asia Pacific region, felt likewise.
An impressive 64 per cent of Indian employers surveyed believe to a great extent that optimal opportunities are available to their employees to rapidly develop skills and abilities, as against a 49 per cent Asia Pacific average. Supplementing that, 61 per cenr of Indian employers are able to provide their employees with the opportunity to develop innovative products and services to a great extent, as compared to their counterparts in the Asia Pacific region at 41 per cent. The survey also reveals that 30 per cent of Indian employers provide their employees with an opportunity to move to a different country while only 21 per cent of the employers in the Asia Pacific region are able to follow suit.
India employers score comparatively high on providing job security to their employees with 81 per cent of them able to provide a secure and a stable position to their employees to a great extent, as compared to 60 per cent of employers.
