Indian workforce continues to remain the most mobile in the world, according to a study by Ma Foi Randstad, the country's largest HR (human resources) services company.
A part of the globally renowned Randstand, the company has just released the second wave of Ma Foi Randstad Work Monitor, which is a quarterly review of ‘mental mobility' status of employees. Simply put, it studies the readiness of the employees to change jobs.
The ‘Work Monitor' survey covers 25 countries across Europe, Asia Pacific and the Americas.
The state of mind of workers in these countries are studied and presented in the form of an index, which shows the extent to which employees in a country are thinking of changing their jobs in a short-term vis-à-vis those in other countries.
According to the study, the Indian workforce continues to remain the most mobile in the world with an uptrend as compared to the first quarter (147 in the second quarter and 140 in the first quarter). It finds India to be a place where the maximum employee churn is happening. India is followed closely by China and Mexico. This is corroborated by the findings of factual job change in the past six months, where again the scores are the highest in India followed by China.
The study also finds the Indian employees to be the most aspiring in the world (89 per cent) followed by those in Mexico and China. This is well above the global weighted average of 60 per cent. Surprisingly enough, the study finds the employees confident of getting different jobs in other sectors (lateral career opportunities) as getting a similar job with a different employer. This reflects employees' confidence in venturing into allied sectors and roles.
The mobility index is the least in Luxembourg (78), Germany (87) and Hungary (88), indicating least employee churn. The index for the U.S. is 100, which is similar to its first quarter index and for the U.K., it is 106, which is higher than its first quarter index of 100.
A significant percentage of Indian employees (85 per cent) seem to be in control of their work-life balance as compared to the global weighted average of 75 per cent.
The mobility intent, according to the study, is higher among women than men. Another segment that has demonstrated high mobility intent is the group in the salary bracket of Rs. 5-10 lakh a year. There is likely to be a faster burn-out of the temporary employees and, hence, higher attrition among such employees.
The mobility index has moved up the maximum in Delhi from 136 to 149. Interestingly, the index has reversed in Bangalore from 149 to 141. This, according to the study, perhaps, indicates an early sign of stability. The study also finds the satisfaction with the employer is the lowest in Delhi (67 per cent). The satisfaction level is the highest in Mumbai (86 per cent) followed by Chennai (82 per cent) and Bangalore (73 per cent).
K. Pandia Rajan , CEO, Ma Foi Randstad (India and Sri Lanka), said “We see an increasing trend in mobility among employees in India, followed by a strong focus on promotion.”
