May 12, 2022
By: Vaamanaa SethiA new Michael Page survey suggests that nearly 2 out of 5 respondents have only been at their current jobs for not more than two years. 9 out of 10 respondents said they will be looking for new career prospects over the next six months.
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The COVID-19 pandemic has forced employees to rethink their priorities which has led to a wave of resignations in India. Employees are re-evaluating their work and want to switch to new careers.
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Another major reason behind great resignation is that 2 out of 5 employees are not satisfied with their salaries.
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The pandemic also helped people in rethinking their passion or career choices, with half of them planning to change careers or industry or roles, while 18 percent are searching for a different type of role.
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The survey further revealed a shocking fact that 6 out of 10 respondents are willing to accept a lower salary or forgo pay rise or promotion for a better work-life balance, overall well-being and happiness.
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...is comparatively lesser than other countries like Hong Kong, Australia, Thailand, among others.
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A talent shortage has emerged as a huge risk to organisations, which can hamper a company’s future growth. The report says that companies need to improve non-material conditions to continue attracting high performing talent.
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According to the report, matching the salary expectations will be a major challenge for organisations this year. Finding people with the right skill sets and matching company’s cultures will also be a concern for hiring managers.
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The ‘Talent Trends 2022 report’, titled ‘The Great X’ features insights, opportunities and market sentiment in India on prominent recruitment and talent-related topics. The report has data insights drawn from a survey of 3,069 respondents in India.
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