Indian Employees Scared To Take Risk: 52% Of Employees Willing To Sacrifice 10% Of Salary In Exchange For ‘Job Security’
In a recent research report presented by Randstad Employer Brand Research (REBR) 2019, it is found that Amazon tops the list of best employer to work for. With work crisis and job scenario in the market, it has been seen that Indians, especially the millennial are looking forward to adjusting a job-security trade off with their salaries.
Yes, you read that right. Apparently, 52% Indians are willing to compensate over 10% of their salaries in return of job security.
The ‘Salary-Job Security’ Trade off
Speaking of Amazon, the American multinational was loved by its employees on areas like financial health, utilization of latest technologies and a strong reputation. Realizing the importance of their jobs with the current job crisis looming over the country, Indians are desperately looking for job-security now more than ever.
It turns out that 52% of the working population in India is willing to give up more than 10% of their salaries in return of active job securities. This lies as a major concern, also playing an important role in deciding whether or not to join a company if choices are available.
A recent report has depicted that the main parameters for millennial choosing an employer over other are salary and employee benefits, along with work-life balance and international exposure. The quest for job security has risen to a level that the crowd now wants to opt for government jobs more than private ones, inspite of the significant gap in salaries. They are looking forward to job securities and a sense of dignity.
Is Job Security The Holy Grail Of Growth
Females are inclined more than males into factors such as proper and healthy work-life balance and a good chunk of employee benefit while maternity leave. Of lately, we brought to you the news that Zomato has indeed expanded its policies and added paternity leave too, along with maternity one, extending over a period of 26 weeks.
“The emergence of career progression as a key ‘stay or leave’ attribute is testament to the fact that even in a digital first world, employees would prefer to work for a company that offers a clear pathway of growth,” said Paul Dupuis, MD & CEO Randstad India.
With job crisis, us hearing almost everyday about MNCs firing people at horrifying rates, it is becoming imperial for employees to sustain their work lives, shredding in more time for work and many more. It is a notable account, the ones presented by the Indian working crowd.