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More than 50 Percent of Indians plan to quit jobs right after the completion of 12 months in their respective current jobs: Study

Despite the favorable attitude towards the job, Indians feel that they can't be themselves at the workplace.

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expressive writing
Stressing over tasks is not going to help achieve targets. But turns out writing about it can. (Representational Image ), Pixabay

March 22, 2017: According to the Mercer study, it is noted that more than half (54 percent) of the Indians plan to quit their jobs right after the completion of 12 months in their respective current jobs. The Mercer’s 2017 Global Talent Trends Study states that even the employees that are not planning to leave their current roles feel laggard and are not been able to pose their real self at work and are unlikely to thrive in a collaborative and innovation workplace.

Mercer’s study reveals the insights from over 7,500 perspectives globally, 461 of these in India, and parallels the views of senior business executives, HR leaders, and employees from organizations around the world.

Ilya Bonic, President of Mercer’s Career business stated, “In an age where digitization, robotics, and AI are wreaking havoc with traditional business models, it is easy for executives to focus on superior technology as the solution to ensuring the competitiveness of their organizations and to overlook the human element,”.

Bonic further concluded that growth hinges on engaging and empowering present manpower in ways that we are just beginning to tap. It takes employees loaded with the right skills and opportunities to develop innovative solutions to advance the business and themselves.

In addition to it, the Mercer Global survey propagated that whilst Indian companies want to redesign their structures, their organisation structures are resistant to change. It said that only 11 percent of the business executives say their organisation is adaptable to changes. The number is still higher than the global average of just 4 percent.

In the survey, 83 percent of organisation in India reported they are planning to redesign their structure in the next two years. Conversely, human resource (HR) leaders do not lay emphasis on job redesign as their primary concern in 2017. As a matter of fact, the matter of primary concern for HR leaders are explicitly building skills across the workforce, identifying high potential, developing leaders for succession, and attracting top talent externally – as it reflects the priority of evolving employee capabilities, however, may not align with executive’s goals for more substantial workplace change.

In HR leaders list of the top management’s priority, “heath” is ranked in the bottom half despite 53 percent of the workforce regarded health as a matter of great concern than wealth.

Flexible work arrangements are also important to employees, with over two-thirds reporting that both their direct manager (73 percent) and company leaders (70 percent) are supportive of it.

The C-suite and HR leaders concede that they do not foresee a “gig economy” – short-term contracts or freelance work – to have a major impact on their business in the next two-year span.

– Prepared by Naina Mishra of Newsgram, Twitter: Nainamishr94

 

 

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Northeast is Fast Emerging as the new Start-up Destination, Says Minister Jitendra Singh

Due to improvement in connectivity and transport facility in the last two years, coupled with concentrated administrative focus, more and more youngsters are now heading towards the northeastern states to venture into entrepreneurship

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Union Minister of State for Development of the North Eastern Region Jitendra Singh. Wikimedia

New Delhi, October 16, 2017 : Union Minister of State for Development of the North Eastern Region (DoNER) Jitendra Singh claimed that the area was fast emerging as the new start-up destination for youngsters from all over India, an official statement on Monday.

Due to improvement in connectivity and transport facility in the last two years, coupled with concentrated administrative focus, more and more youngsters are now heading towards the northeastern states to venture into entrepreneurship and take advantage of its unexplored potential, he said, according to a DoNER Ministry statement.

Citing an example, he said in certain areas of Northeast, including states like Arunachal Pradesh, “while almost 40 per cent of the fruit goes waste on account of lack of adequate storage and transport facilities, the same can be used to produce and manufacture fresh and pure fruit juice at a much more cost-effective price”.

ALSO READ Over 4,000 km of roads, highways to be constructed in northeast

During an interaction with youngsters, Jitendra Singh also pointed out that many new airports coming up at Pakyong (Sikkim), Itanagar and Shillong, which along with a time-bound plan to lay broad-gauge rail track, would bring in further ease of doing business.

“Another sector of entrepreneurship which is fast emerging in Northeast is the medical and healthcare sector.

“For years, there has been a trend for patients to shift outside the region, mostly to Kolkata or Vellore, but the encouragement given to the private corporate sector has now resulted in the opening of new hospitals within the region itself and young entrepreneurs are taking the lead,” he said. (IANS)

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Gender Pay Gap: Why are Women Less Paid than Male?

Female employees are consistently depressed in a workplace that still equalizes masculinity with competence

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Business people. Pixabay

New Delhi, July 27, 2017: Women in today’s world are leading step by step with men. They are not behind men in any way or in any sphere of life. Call it education or business, the world is the witness of women emerging out powerful with the passage of time. The growing perception that women earn less than men may hold true, but the reasons for the gender pay gap are reasonable and we cannot blame women for earning less.

gender pay gap
Source: Business Insider

Let’s throw a light on various factors which accentuate the gender pay gap

Family is a priority

As indicated by the International Trade Union, women earn about three times less than men. There are innumerable bars in front of women for building their careers. From the responsibility of house to marriage and raising children, a woman has to handle everything on her own. Due to which many women have to leave their jobs or not pay full attention to their work. This does not imply that women do not have the capacity to work as vigorously as men. The truth is that women have always been bestowed upon the responsibility of the house which is why they give more attention to home.

gender pay gap
Source: Business Insider

The data suggest that women are penalized with children, earning 3 percent less than women without children.Contrarily, men with children earn on an average 15 percent more than men without children, as reported by Business Insider.

Females are content

Women also have the greater sense of satisfaction over money than men.

Discomfort in workforce

There are times when the number of male workers is high and women do not feel comfortable. Lack of confidence is one of the factors for the discomfort.

Fault in the work culture

The work culture does not push women’s wages down or men’s wages up. Development in pay equality has been slower among women in highly skilled professions than those in professions that don’t require a college or graduate degree. This is because women in high-paying, demanding jobs, like doctors or lawyers, are more harshly penalized for time spent away from the office, and clients.

Prejudice against women

Discrimination against women in the workforce also plays some role in women earning less. Concerns that women will spend more time away from the office, or may underperform creates a situation where it’s difficult for women to achieve the most advanced and highly paid positions.

Also Read: Number of Women in Workforce Falls Significantly in India! Why is it so? 

Constant Suppression

Another anti feminist fallacy is the notion that women are reluctant to ask for more money. Female employees are consistently depressed in a workplace that still equalizes masculinity with competence, which is the reflection of a society that expects the female workforce to prioritize their families over leadership positions.

Bottom line: Equal pay for equal work

What’s expected out of the companies to reduce the gender pay gap is that it can help narrow the gap with work-from-home frameworks and provide a work culture that evaluates the employees based on their productivity, rather than number of hours they put in. More men should be given caregiving duties so their female partners can work effectively in both the spheres, as a mother and a professional.

– by Naina Mishra of Newsgram. Twitter @Nainamishr94


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Most Indian firms see Employee experience as a critical aspect of achieving their Business Objectives: Study

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Employees in an office (representational image), Pixabay

New Delhi, April 27, 2017: Almost 43 percent of business and IT leaders in India — higher than the average 38 percent for Asia-Pacific and Japan — see employee experience as a critical aspect of achieving their business objectives, a new study said on Thursday.

According to the study, conducted by Forrester Consulting on behalf of Dell, Indian firms realise the value of technology and innovation and the importance of constantly improving customer experience better than other developing countries in the region.

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This puts India in a unique position in Asia-Pacific and Japan (APJ), where collectively only six in 10 (61 per cent) business leaders felt that existing technology in their organisation is sufficient to meet their business goals.

“To establish a balance, IT and business leaders need to embark upon a workforce transformation strategy and provide employees, appropriate end user technology — the requisite devices and software — in order to attain the two-fold objective of increasing employee efficiency, as well as retaining talent,” Indrajit Belgundi, Director and General Manager, Client Solutions Group, Dell India, said in a statement.

The study also found that most security breaches that have occurred in the past 12 months are because of vulnerabilities at the device level.

Nearly 43 per cent of breaches in India occurred due to lost/stolen assets by an employee, while 39 per cent occurred due to a security breach of an employee device. (IANS)