The majority of Indian employees are upbeat about the chances of their pay hike next year, a global study by job site Indeed has found. About 64 per cent and 56 per cent of workers respectively said they were optimistic about their chances at better career opportunities, and a pay rise in 2021. However, 54 per cent said they would not pursue other job opportunities even if approached by other employers, some citing current workplace satisfaction while most citing job insecurity.
Speaking of resilience, more than 2 in 5 employers said the decisions taken at the outset of the pandemic were effective in ensuring their business continuity. Nearly 66 per cent of employers also credited their workforce for pulling together and helping their company in this time of crisis.
Although forced into lockdown this year, Indian workers are satisfied with greater family time and inclusion/flexibility as positive side-effects, as per the survey. Two in 5 workers said “more time with family” and “more opportunities to work from home” had the biggest impact on their personal circumstances in 2020. Interestingly, both Indian employers and workers share polarised views about work-life balance and how they expect the future to pan out. The study reveals 41 per cent of employers and 39 per cent of employees said lines between work and life have permanently blurred, with another 40 per cent of employers and employees saying lines are more separate than ever.
As Indian workers look to the future, a 59 per cent majority said they expected workplaces in 2021 to show greater consideration to hygiene, health and safety, with another 44 per cent citing mental well-being as the second most important consideration. On cue, 1 in 2 employers said that social distancing and hygiene measures would be a priority while implementing new workplace policies in 2021. Embracing hybrid work as the future of work, more than 7 in 10 employers said they would increase work-from-home options, with another 59 per cent stating improved flexible work options as an important consideration while implementing new workplace policies.
Sashi Kumar, Managing Director, Indeed India, said, “Covid-19 disrupted economies of the world, but it also created an opportunity for the workforce and workplace to adapt, pivot and reimagine. This research shows that some of the changes undergone in 2020 will have a lasting impact, with both employers and workers eyeing greater flexibility in work methods and placing a new emphasis on health and hygiene. Our study also shows that employee wellbeing and work-life balance are now workplace imperatives, while skilling will be an important conversation for organizations to drive in 2021.”
Signaling revival, platform data shows the number of job postings on Indeed India has increased across industries. Growth in job postings was -18.5 per cent in November 2020, from -50 per cent in June-July 2020. Concurring with this sentiment while responding to their 2021 hiring plans in the study, 37 per cent of Indian employers said they planned to hire at higher volumes than before the pandemic, with another 17 per cent expecting to revert to pre-pandemic levels of hiring.
The Indeed Global Survey measured the sentiment of 3600 employers and 14,142 employees across the UK, US, Ireland, Australia, India, France, Germany, Belgium, Netherlands, Italy, Singapore, Mexico, Brazil and Canada between November 13 and November 20 this year. This included 251 employers and 1015 employees in India. The research was conducted by Censuswide.