"With 26 per cent of the Indian employees surveyed at risk of leaving next year, the task for employers in the country is as challenging as it is for its global peers. The key will be for employers to prioritise and invest in the most optimal way to understand what really matters to their employees," said Neetu Chitkara, MD & Partner, leads People & Organisational Practice, BCG India.

The report surveyed 11,000 employees from eight countries (US, Canada, UK, France, Germany, Australia, Japan, and India) between October 6 and 30, 2023.

Poll

Who will win the Punjab Elections?

BJP 32.86%

AAP 41.43%

INC 25.71%

Submit

View All In Poll

Employees when asked "what would drive them to take a new job" -- said they are focused on functional factors, with pay the overwhelming top choice, followed by benefits and perks, work/life balance, work they enjoy and care about, and better career learning opportunities, the report mentioned.

When 20+ work attributes were correlated with employees’ stated intention to stay in or leave their jobs -- functional benefits, including pay -- dropped toward the bottom of the list, and emotional factors dominated the top five most important factors: job security, being treated fairly and respected, enjoyable work, feeling valued and appreciated, and feeling supported.

Moreover, strong dissatisfaction with managers was linked to a doubling of attrition risk, with 56 per cent of employees with that sentiment at risk, compared with a global average of 28 per cent, according to the report.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever