Indians don't want to hide their salaries from colleagues anymore

Advertisement
Indians don't want to hide their salaries from colleagues anymore

Advertisement
  • Over a third of salaried employees are comfortable discussing their pay with colleagues.
  • More than 80% of employees also think that frequent job switches have created a positive impact on their career.
  • Three in four hiring managers say that transparency in pay and rewards will become important in the future.
Whispering one’s salary might no longer be a norm. Over a third of Indian employees are now comfortable talking about their pay.

Most employees also think that it is reasonable to share salary information with their colleagues, according to a report by the global management consulting firm Korn Ferry.

Three in four hiring managers also say that transparency in pay and rewards will become even more important in the future. This has called for the need of channelising pay programmes and counselling employees who feel undercompensated.

The report also identified transparency in pay, diversity and inclusion programmes are the key trends that will drive hiring in 2020.

“Companies are also looking for talent who can navigate the future and see through the changes in business models, including putting the right funding in the right place,” said Konika Chadha, head of professional search at Korn Ferry India.
Advertisement


More than 80% of employees also think that frequent job switches have created a positive impact on their career.

Yet another pressing concern for the employers is the reskilling of employees. More than a quarter pof recruiters globally said that reskilling workforce, agility training and programming skills are key concerns in order to increase retention of employees.

“For economies like India, the shift towards building an agile workforce and further developing world class local talent whilst remaining attractive as a global innovation hub is going to be critical for its future proofing,”said Navnit Singh, chairman and regional managing director of Korn Ferry India.

See also:

India’s salary growth at 9.2% in the coming year: the salary forecast by Korn Ferry

Here’s how Uber, Accenture are improving diversity by employing specially-abled persons
Advertisement

Salaries in India projected to rise by 10% this year — but there’s a catch
{{}}