A majority of India’s workforce — primarily consisting of youngsters with a year’s experience or less — is thinking of switching jobs in 2022, a survey conducted by global professional networking website LinkedIn and UK-based market researcher Censuswide has shown.
Better pay topped the list of incentives that would convince them to stay with their current employer, according to the survey results. Other factors like poor work-life balance was also some of the top reasons for thinking job changes.
Around 82 per cent of the working population in India is considering changing jobs, LinkedIn said in press statement on Tuesday. “The job-seeker research further reveals that the Great Reshuffle in India is being led by freshers, with up to 1 year of work experience (94 per cent) and Gen Z professionals (87 per cent), who are more likely to consider changing jobs in 2022”, it stated.
The survey involving 1,111 people was conducted last month (between December 10 and December 15 2021).
The survey indicates that the percentage of people wanting to change jobs because of poor work-life balance edged out those unhappy with the remuneration they are receiving — 30 per cent and 28 per cent respectively. Twenty-three per cent people cited ‘greater career ambitions’.
When asked what would make them stay with their current employer, 42 per cent respondents said better pay, 36 per cent said more appreciation, and 34 per cent said a better work-life balance.
The survey also noted that work-life balance impacted women disproportionately.
“According to the survey, working women (37 per cent) are 1.3 times more likely to quit their current job due to poor work-life balance when compared to working men (28 per cent)”, the LinkedIn statement said.
Women were also more likely (49 per cent) to remain with their current employer if they got better pay, when compared to working men (39 per cent).
Part of the reason why so many professionals are thinking of a switch is also the confidence they have in the job market. Around 86 per cent professionals had high confidence in the strength of their professional network, the survey showed.
According to the survey, more than two-thirds (73 per cent) of the respondents said they question their work abilities more than they did before the pandemic. Moreover, 67 per cent respondents said they suffered from ‘imposter syndrome’ — constant doubting of oneself and fearing being exposed by someone.
“This self-doubt seems to be a byproduct of working in isolation for nearly two years as 33 per cent professionals say the pandemic has negatively impacted their confidence at work,” the release said.
