News: Employees prefer financially healthy cos & long-term job security

Compensation & Benefits

Employees prefer financially healthy cos & long-term job security

A recent Randstad India report states that with the market uncertainty, Indian employees prefer financially healthy companies and long-term job security. According to the report, long-term job security and financial health of the company are the most-often selected factors by 64 per cent employees, followed by career progression opportunities (50 per cent). Salary and employee benefits, which topped the chart in 2011, has dropped to the third position.

A recent Randstad India report states that with the market uncertainty, Indian employees prefer financially healthy companies and long-term job security. According to the report, long-term job security and financial health of the company are the most-often selected factors by 64 per cent employees, followed by career progression opportunities (50 per cent). Salary and employee benefits, which topped the chart in 2011, has dropped to the third position.

Long-term job security seems to be the top preference in the telecom sector, but not in the automotive sector while competitive salary and employee benefits were rated as top factors by employees of the transport and logistics sector. International career opportunities was rated the top factor by the energy sector employees. The survey also showed that men tend to prefer innovative companies that are financially healthy and offer quality products and services, good training and career prospects, whereas women look for factors like easy accessibility and flexible work arrangements.

The survey was conducted amongst 8,500 respondents from over 150 biggest employers.

Source: The Economic Times

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Topics: Compensation & Benefits, #Updates, #TotalRewards

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