Amongst 25 countries across Europe, Asia Pacific and the Americas, India has the highest index of 141, states the Ma Foi Randstad Workmonitor Index conducted by Ma Foi Randstad. Eight out of ten Indian employees surveyed said that they would move to another organisation that promises faster and better development. India’s index translates in to the fact that the maximum employee churn across the globe will be in India, followed by China & Mexico. Another interesting fact that has arisen out of the survey is that Indian employees developed better during the economic crisis as they worked differently vis-à-vis a regular regime. The economic crisis was a developmental opportunity much more for the Indians (as said by 78%) than for the Chinese (64%). However, more employees in China went through a structured training programme through their employer during the past year (71%) compared to those in India (61%). This finding suggests that Indian employees used the downturn better than their Chinese counterparts to explore innovative methods for accomplishing their jobs and hence growing professionally.
PM’s Take: While Corporate India has for long been harping over the benefits of demographic dividend it enjoys over China, it may have a flip side too. Unless and until organisations don’t think of innovative practices to engage and retain its young talent pool, they are bound to fall prey to the problems of good talent hopping jobs in the pursuit of better opportunities.