April 2, 2010

40% employees plan to switch jobs in next 6 months

This link at Rediff is going to grab attention of any concerned employer or HR associate.

Further interesting inferences from the article are as follows:
  • Employees are already mentally prepared to move out of their organizations, industry and even plan to switch functional areas for better job prospects.
  • Salary is the main driver pushing a majority of the workforce to look for new job opportunities.

  • 50 per cent of the workforce does not see significant salary hikes within their current organization.
  • Almost 60 per cent of the workforce, currently employed with manufacturing, automobiles, business process outsourcing (BPO) and call centres, is planning to change to jobs outside their industry.
  • Those employed with construction, information technology (IT) and software are looking for job shifts within their own industry.
The points mentioned above also signal the following:

  1. There is a high probability that employees are getting increasingly disengaged with their work.
  2. Mental[and actual] preparation for moving into a different job within 6 months is not going to allow them to be engaged with their current work for the next 6 months.
  3. So this is not a crisis to be dealt with after 6 months. Rather, it should be dealt in a proactive manner.
  4. If 'salary' is the issue. Then let's first recognize it with utmost authenticity and then modify the salary structure which might mean atleast increasing the variable or performance pay if not the fixed component.

1 comment:

mark said...

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Surveying Employee Opinions