Professionals in India willing to accept lower salary for better work-life balance

Almost 86% of professionals in India will be looking for a new career prospect in the next six months, according to a report by professional recruitment services company Michael Page. It comes as offices across the country prepare to open after two years of working from home.

However, the report also reveals that monetary benefits are no longer the only incentives sought by professionals. 61% of respondents in India are willing to accept lower pay and forgo pay raises and/or promotions. After going through a health crisis, professionals are now yearning for a better work-life balance and overall well-being.

“Individuals place an increased emphasis on company culture, sense of purpose, and leadership before company brands and promotions. Organizations that have a great company culture will likely enjoy an advantage competitive,” said Nicolas Dumoulin, Senior Managing Director, Michael Page India and Thailand.

With social awakening, companies can no longer effectively attract and retain talent without a clear diversity, equity and inclusion (DE&I) policy. Respondents said they seek better work-life balance and overall well-being. An increase in temporary work has been recorded. Many tech professionals prefer contract roles that offer interesting projects and flexibility.

A total of 3,609 respondents were chosen for the survey, across all industries, work experiences and age groups.

(Edited by : Abhishek Jha)

First post: STI


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