Monday, July 12, 2010

Switching Jobs only way to Grow in Career ?

An overwhelming number of Indian employees feel that they must leave their existing organisations for advancing their careers, a study said.

"India, as a matter of fact, is ranked the highest at 56 per cent where a majority of the employees feel they have to leave their organisation to advance to a higher job," a Towers Watson's Global Workforce Study, said.

India is ahead of the US at 43 per cent, UK at 41 per cent, Brazil at 39 per cent, China at 38 per cent and Germany at 37 per cent in terms of the number of employees who felt they must switch jobs to advance their careers, the study said.

"The top management in India Inc needs to review the career advancement programmes for their employees if they have to retain talent in what promises to be a prolonged growth phase of the business cycle," Towers Watson India Managing Director Dhritiman Chakrabarti said.

Towers Watson conducted the global workforce study in India between November, 2009, and January, 2010.

It surveyed employees in the 25-35 years age-group, predominantly male, having less than five years' work experience, in mid-management levels of medium-sized organisations with an employee strength between 1,000 and 4,999, a statement issued here said.

The survey observed seven principal elements that defined career advancement.

These were making more money, acquiring skills to perform better, achieving higher status and recognition, advancing to a senior leadership role, acquiring skills to be eligible for other jobs, moving up a well-defined career path and making lateral career moves, it said.

"Making more money was globally the number one element that defined career advancement except in the UK, where acquiring skills to perform better topped the list," the study said.

Another interesting aspect, the study noted, was that increasingly more employees in India are taking an opportunistic attitude and are open to job shifts to advance their careers.

While 32 per cent of employees surveyed globally said they would work for one organisation, this number was much lower in India and China.

"Only 25 per cent Indians and 23 per cent of Chinese employees listed working for one organisation as their preferred career model," the study said.

On the other hand, 44 per cent of Indians and 39 per cent of Chinese said that following opportunities as they arose was their preferred career model as opposed to a global average of 33 per cent, it said

"This trend in China and India is symptomatic of growing economies and the optimism it generates. Employees here are more bullish about the future and are willing to follow opportunities as they arise," it said.

To retain talent, India Inc will have to increasingly engage its employees in every aspect -- be it competitive pay, learning opportunities, challenging work, career advancement opportunities or being an employer of choice," Chakrabarti said.

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