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54 percent Employees across sectors in India’s major cities dissatisfied with their Salary structure: Survey

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Hyderabad, April 5, 2017: Most employees across sectors in India’s major cities are dissatisfied with their salary structure, reveals a survey by Wisdomjobs.com, one of India’s leading end-to-end online recruitment and career solutions portals.

The survey on employees’ satisfaction with their salary structure was conducted across Hyderabad, Mumbai, Delhi, Chennai, Bengaluru, and Pune and covered 10 sectors: IT, telecom, ITES, retail, education, media & entertainment, infrastructure, BFSI, healthcare and logistics.

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“Millennials, popularly known as the Gen Y, make up the largest chunk of employees in most organisations. We are also seeing a growing proportion of Gen Z employees, to be precise those in their early 20s, are being taken on-board every year,” said Ajay Kolla, Founder & CEO, Wisdomjobs.com.

As many as 62 percent Gen Z employees said they are not content with their current salary structure along with 46 percent of the Gen Y employees. The overall percentage of discontented employees of those surveyed was 54.

Nearly 70 percent of those dissatisfied with their salary felt that it was not in line with market standards while 30 percent felt that it was not commensurate with the responsibilities being handled by them.

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As many as 45 percent said they were getting paid lesser than their peers who started working at the same time as they did.

Among non-monetary components of their salary structures, those surveyed were most dissatisfied with child-related benefits and retirement benefits.

The report revealed that 28 per cent and 44 per cent of Gen Z and Gen Y employees, respectively, said they would prefer more non-monetary benefits such as medical/health insurance coverage, flexible work arrangements and post-retirement benefits.

Almost 30 percent of Gen Y and 18 per cent of Gen Z employees preferred work-from-home benefits over increased salaries.

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While nearly 60 percent of women surveyed felt non-monetary benefits to be equally important as higher salaries, only 30 per cent men felt so.

Among cities, the south Indian cities showed the highest and the lowest level of salary satisfaction with Bengaluru at highest level of 63 per cent and Chennai at the lowest with just 46 per cent.

Pune stands at 57 per cent, Mumbai at 54 per cent, Hyderabad 51 percent and New Delhi at 49 per cent. (IANS)

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Positive Workplace Raises Productivity in Employees

This would then translate to improved quality of care given to clients

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Unhealthy habits can be hazardous to your health. Pixabay

Want better output from your employees? Promoting an environment of growth for all would lead to higher satisfaction, innovation, trust and retention among workers, say researchers.

When employees feel valued for their personal characteristics and are recognised as important members, employee engagement, trust, satisfaction, commitment and retention improve, said Kim Brimhall, Assistant Professor at the Binghamton University in the US.

The findings showed that leaders who encourage every worker regardless of their educational background or job responsibilities are more likely to increase the feelings of inclusion.

This then leads to increased innovation, employee job satisfaction and quality of services in organisations.

If your workplace is supporting its employees by reducing their job strain, it may boost in preventing new cases of common mental illness from occurring up to 14 per cent, a new study suggests.
Stress at work place is linked to mental illness as well. Pixabay

“Leader engagement, that is, a leader’s ability to actively engage all organisational members in critical decision making, may foster a climate for inclusion and positive organisational outcomes, such as a climate for innovation, job satisfaction and perceived quality of care,” said Brimhall.

The results have been published in the journal Nonprofit and Voluntary Sector Quarterly.

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Brimhall hopes to develop economically practical, evidence-based tools that leaders can utilise to create work environments where employees feel included, thereby leading to overall improvement towards their job.

This would then translate to improved quality of care given to clients. (IANS)