Lack of avenues for advancement in career and strong learning and development opportunities, apart from better compensation have emerged as the top reasons for employees to leave their current organization, reveals Randstad India’s Workforce 360 survey. The survey provides an understanding of the HR Game Changers series, through insights from employees in India. Pinning these factors as key reasons, the survey indicates that 59% of the Indian employees plan to leave their current job in the next 12 months.  

Demonstrating the critical link between job satisfaction, security and employee retention, the survey indicates that 65% of the Indian respondents rated advancement in their career as the primary reason to change jobs. Additionally, the survey also revealed that 50% rated monetary benefits and 27% rated better learning and development opportunities as other reasons to leave their current organization.  

Commenting on the survey, Mr. Moorthy K. Uppaluri, CEO Randstad India, said, "The country’s GDP is expected to hit an all-time high in two and half years at 5.5 % in the current fiscal. This rebound in growth can also be attributed to the optimistic sentiment that the new government has generated. The buoyant economic scenario has brought in an air of positivity in the job market as well and the new labour reforms have created a conducive environment for growth.

The revitalized economy has also given headway to emerging sectors like e-commerce, analytics, mobility and cloud computing while banking on mature industries for recruiting top talent across all levels. This in turn has resulted in the creation of more jobs in mature sectors as well. The intention of the workforce towards large-scale job shifts to leverage these increased opportunities have emerged clearly in this survey. However, it is interesting to see that Indian employees are prioritizing key areas of their job rather than solely relying on monetary benefits.  

Today, the expectations of the workforce have grown to include varied experience, performance-based pay and on-the-job learning. With such disruptive game changers in play in the country’s job market, there has never been a better time than now for India Inc. to better articulate the employee value proposition and strengthen the employer brand to retain, develop and promote the best talent”.