News: 73% Indians expect a promotion in the next 12 months: Report

Performance Management

73% Indians expect a promotion in the next 12 months: Report

Employee confidence levels have seen an overall dip according to Micheal Page Q1 Job Confidence Index.
73% Indians expect a promotion in the next 12 months: Report

Indian employees are more optimistic than their Asia-Pacific peers when it comes to their career progression in the next 12 months, says Micheal Page Q1 India’s Job Confidence Index. The survey which is a current and historical snapshot of active job seekers and their experiences looking for work in India found that there is an overall dip in confidence levels when compared to the same quarter last year. 73 percent Indians according to the study expect a promotion in the next 12 months.

Commenting on the study, Sebastien Hampartzoumian, Senior Managing Director, MichaelPage India, said that, "They (employees) seem to be pinning their hopes on their annual performance appraisal and will only look at changing roles if the new role offers better opportunities in terms of skill development or a hike in remuneration. The drop in overall confidence levels can be attributed to a general belt- tightening witnessed in the start-up sector, which fueled job growth in the last quarter."

According to the report, Bengaluru holds the top spot with 75 percent of its respondents saying that they were satisfied with the general working conditions, followed by Mumbai (62%), Delhi (62%) and Chennai (58%).

The top three reasons for looking for a job according to the survey include – new skill development (42 percent), salary (40 percent) and better-working conditions (39 percent)

The study analyzed 668 employees across mid-senior level across different sectors and organizations in four key metros – Mumbai, Delhi, Chennai, and Bangalore.

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Topics: Performance Management, Skilling, Compensation & Benefits

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