55% Indians Enjoy Their Job, Says Study
Job satisfaction is the key to a healthy and happy life, say experts. A recent global study by Monster.com and market research firm, GfK revealed that India ranks third with 55% stating that they are happy with their jobs. Experts believe a favorable working environment, good HR and IT practices and flexible working policies often lead to better work satisfaction.
The country-level job satisfaction survey of over 8,000 people in Canada, France, Germany, India, Netherlands, UK and US also reveals that US workers fall exactly in the middle of the rankings while Canadian workers are the most content.
Five percent of workers in India claimed to dislike or hate their jobs, while Canada and Netherlands tied for second (both at 7%). Though the survey indicated just over half of the US workers enjoy their work, the results also indicated that 15% didn’t like or hated it, the highest among all surveyed countries. The UK was a close second at 12%.
Does Money Really Buy Job Happiness?
The research reveals that America’s lowest paid are the most likely to be unhappy at work, with more than one in five (21%) of workers paid under $50,000 confessing that they dislike or hate their jobs. In contrast, only one in ten (10%) of those earning over $50,000 feel as negatively about their jobs, and nearly two thirds (63%) of higher earners say they love or like their jobs a lot.
“What is striking about the findings is that the strength of a country’s labor market doesn’t necessarily correlate with workforce contentment. While workers in challenged markets may have had fewer opportunities to advance in terms of promotions or salary during the recent downturn, it has not necessarily affected their happiness,” said Chris Moessner, Vice President for Public Affairs, GfK.
“Clearly there are many variables when it comes to job satisfaction – for example, Canada and Germany have enjoyed buoyant labor markets, yet they lie at completely different ends of the happiness spectrum some of which could be driven by broader cultural differences between the two countries. More generally though, workers internationally want more out of their work and seem to have just settled for their current jobs.” Therefore, its not only money alone that leads to satisfied employees.
Can IT create satisfied employees?
Some believe Information Technology can play a big role in satisfying and retaining staff. A Deloitte study conducted last year substantiates that open and flexible IT practices in organizations can act as an effective way to retain and recruit talented staff in the highly competitive market where skill shortage and subsequently attrition rates are shooting up.
According to the report, having flexible IT policies such as BYOD, remote working facilities as well as collaboration technologies allow staff to work effectively and help them compete in the “war for talent”. The survey found that 83 per cent of employees with access to flexible IT policies reported feeling satisfied at work and 9 per cent were dissatisfied and said they planned to leave their job in the next 12 months. Employees were more satisfied with IT programs that allowed people to bring their own devices to work, permitted access to social media at work, and let them work from home.
This clearly indicates that workers are increasingly favoring perks over pay in which technology has a part to play and also businesses that spend more time in planning their IT are more successful in retaining the employees.
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