As many as 57 percent of IT professionals say they would not consider returning to the IT services industry in the future, according to a recent “Talent Exodus Report” survey released by tech staffing agency TeamLease Digital.
The research shows that employee preference has shifted from salary to flexibility, career growth and value proposition. But there is still a big misconception that a salary increase would improve performance and increase job satisfaction.
Employees re-evaluate their careers based on these aspects and stop halfway through their well-filled job. The alarming figures show that the flexible construction has increased the choice.
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Sunil Chemmankotil, Chief Executive Officer, TeamLease Digital, said: “With the usual demand for salary increases and other benefits, the main attraction for employees in their new jobs is ‘Great reflection’ on internal policies and external factors that need to be reconsidered. by employers, as we see major changes in employees’ feelings about work and life.”
“Organizations’ strategic hiring plans should include goals for their employees and their improvement. This ultimately translates into soul-searching as to whether an employee feels valued in his/her job or just creates results and value to help others. A fundamental change in the employment value proposition leads to deeper employee-employer relationships, a strong sense of ownership and purposeful work,” he adds.
India’s $227 billion industry spurred global companies to boost investment in services ranging from cloud computing, digital payment infrastructure, cybersecurity, etc. The sector contributed 9 percent to the national GDP and accounted for 51 percent of services exports. The sector added a total of 4.5 lac freshers in the current financial year, the highest number in one year. Of these, 2 lakh employees were women.
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