Staff ready to quit for denial of promotion, uncaring managements, bad office premises.
This should sound the warning bells for India Inc. Professionals employed in private companies are likely to quit in large numbers this year because of a lack of promotional avenues despite showing good results. Their decision will also be influenced by a lack of communication and involvement by the top management of their firms.
The findings are of a survey carried out by Regus, the world’s largest provider of outsourced office space. For 59% of the respondents, finding that the next rung in the career ladder was at an unfathomable distance was the top ‘get me out of here’ factor.
In India, 50% of start-up entrepreneurs are reported to quit the corporate environment because they cannot cope with differences with seniors. Given this perspective, 50% of the respondents said they would not stick around with a company where managements do not properly communicate or convey the company vision.
The survey was carried out between February and March. Regus interviewed over 15,000 business respondents from its global contacts database of over a million business-people.
The database is a good representative of senior management and business owners.
The respondents were asked what issues would drive them to quit their jobs; also, what perks would retain them. The survey was managed and administered by the independent organisation Marketing UK.
According to Madhusudan Thakur, country head, Regus: “As workers pack up their swimsuits and towels after the holidays, they are more likely to dwell on the pros and cons of the job that is waiting for them at home.
“With reports indicating that one of the effects of the recovery is that many more employees have started quitting their jobs and looking around for new ones, businesses that are not providing all the trimmings may be heading for a brain-drain of their best talent.”
He said stress caused by overwork escalated during the recession, when people were working harder and longer to make sure they could pay the mortgage. “Bonuses and perks were cut back to weather the storm. But as the economy picks up, employees will be flocking to businesses that promise them better conditions and not necessarily the biggest wage,” Thakur said.
Other high-stress factors are having a boss who takes credit for all the work, and shabby premises (both mentioned by 21% respondents as reasons for quitting). A fifth of respondents said they would leave if their commute was too long or administrative support was lacking. Flexible practices, like working from home, are preferred by 16% of the respondents.
The survey also asked workers what companies could do to avoid brain-drain. Aside from pay rise, 42% respondents said flexible work hours is on top of their wish list. Almost a third (32%) said they seek private medical insurance.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}