Over the past couple of years, workplaces in India have changed significantly, with considerable mindset shifts for both employers and employees.
While employers have been more focused on building a resilient workforce strategy, employees on their part are driven by opportunities for fulfilment, creativity, innovation and authenticity, apart from financial rewards, said PwC's latest report ¡®India Workforce Hopes and Fears Survey 2022¡¯.
The survey included 2,608 participants from India and 93% of them were full-time employees.
As per the survey, 34% of respondents in India believe they are extremely/very likely to switch to a new employer as compared to 19% globally. Further, 32% said that they plan to leave the workforce.
Millennials are the most likely to seek new employment, with 37% indicating to do so in the next 12 months.?While Gen Z employees are less likely to quit, about 33% of them are extremely or very likely to ask for a reduction in work hours.
More than half of the respondents in the survey were concerned about the lack of opportunities to work with or learn technological skills from their colleagues.
This learning gap begins at the top, with more than 50% of CEOs perceiving a lack of opportunities for learning technological skills, the report mentioned.
The survey report further said sensitive social and political topics are occupying an increasingly important place in workplace conversations, with 75% of employees having had conversations of this nature, highlighting the need for employers to actively create safe spaces for such conversations.
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Chaitali Mukherjee, Partner and Leader, People and Organisation, PwC India, said that the disruptive landscape of social, environmental, economic and geopolitical changes has had profound consequences on organisations and their workforce strategies.
Leaders need to consider these disruptions while drawing up their short- and long-term plans for the organisation as well as their people, Mukherjee said.
Adding to it, she said "For an organisation to be fit for future, it is imperative that employee perspective dovetails with the employer's perspective to accelerate transformation keeping in mind the workforce dynamics, with well-defined tangible measures to bring about greater alignment between both these aspects," the survey report mentioned.
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