Latest news with #2025EmployeeSentimentStudy
Time of India
04-05-2025
- Business
- Time of India
Why 8 out of 10 employees will switch jobs for greener pastures next year
The once-cemented definition of job loyalty is melting away in the heat of the current corporate world, thanks to the new and often termed "rebellious" Generation Z and millennials, who emphatically reject so-called corporate compromises. As these generations shape the modern workspace, they have placed personal well-being, professional growth, and long-term financial security at the core of their priorities. Amid the optimism of reports forecasting an influx of new jobs in India, another startling statistic emerges: Eight out of ten employees are expected to part ways with their current organizations in pursuit of new opportunities, as suggested by the '2025 Employee Sentiment Study' by Aon, which surveyed over 9,000 employees across 23 countries, including India, the US, UK, China, and Australia. The most intriguing part? A hefty paycheque is not the deciding factor. Yes, you read that right. The age-old definition of job-hopping, once rooted in financial benefits, has been thoroughly challenged. Employees are no longer chasing material rewards; instead, they are seeking a better work-life balance. The shift in mindset is undeniable, with employees now looking for more than just a salary bump—they want to feel valued, supported, and fulfilled. Here are some factors that seem to be determining the choices of employees when picking a job offer. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Auckland : Stop Buying Lotto Tickets & Start Doing This Instead Yukon Gold Undo The quest for work-life harmony For many, the pandemic served as a clarion call-one that triggered a reassessment of life's priorities. Work, once the focal point of personal identity, is now perceived as just one segment of the greater whole. Employees are increasingly seeking ot just a job, but a life that integrates seamlessly with their professional responsibilities. Flexibility has become the fundamental of this desire for work-life harmony. Remote work, flexible hours, and generous paid-time-off policy are no longer considered perks- they are integral components of a job offer. Employees want to feel empowered to take control of their own time, striking a balance between career success and personal fulfillment. Companies that lack in adapting to this demand risk losing their most valuable asset: Their people. The rise of comprehensive benefits As the financial landscape is becoming more precarious, employees are placing an emphasis on a comprehensive benefits package. Medical insurance, retirement planning, and career development programmes are no longer optional luxuries, but a fundamental expectation. Workers today are keenly aware of the need for job security that transcends beyond a paycheque. They are looking for workplaces that not only cater to their immediate needs but also provide for their long-term health, financial stability, and career progression. Companies that do not offer a comprehensive benefits package will find themselves grappling on the losing end, as employees gravitate toward organisations that prioritise holistic support for their workforce. The imperative of skill development In the age of rapid technology advancement, especially with the rise of artificial intelligence, staying relevant in the workforce requires constant evolution. Employees are no longer satisfied with simply fulfilling their job requirements; they want to cultivate their skills and future-proof their careers. The demand for skill development is at an all-time high, and those who feel their current employer is not investing in their growth are more likely to seek opportunities elsewhere. Companies that fail to provide a platform for continuous learning and advancement will find themselves facing high turnover rates as employees flock to organizations that offer pathways for growth and professional enhancement. The shift toward long-term financial security In a country where inflation is readily wiping off purchasing power, employees are beginning to think more strategically about their financial future. Salary is no longer enough to satisfy the needs of a workforce that is becoming increasingly financially literate. Workers, particularly from younger generations, are looking for job offers that include robust retirement plans, pension schemes, and investment opportunities. The financial decisions of the past no longer resonate- employees are now looking for a secure future, not just a paycheck. Companies that fail to offer financial planning and retirement benefits risk losing talent to employers that understand the significance of long-term financial security. The call for recognition and respect At the core of every employee's aspirations is a desire to be seen and valued for their unique contributions. In a climate where employee burnout and disengagement are on the rise, workers are demanding more than just a paycheck—they are seeking workplaces that respect their time, skills, and individuality. Recognition, transparency, and respect are now viewed as critical components of job satisfaction. If employees feel undervalued or if the company's values do not align with their own, they are more likely to seek an employer who will genuinely appreciate their worth. Employers must recognize that in today's competitive market, retaining top talent goes beyond compensation—it's about fostering a culture where employees feel truly valued. A paradigm shift in employee expectations The message is clear: India's workforce is no longer willing to settle for jobs that offer only financial compensation. Employees are demanding more—a holistic, human-centric approach that values their time, health, development, and financial well-being. As the coming year unfolds, companies must realise that retaining talent requires more than just attractive pay scales; It demands a thoughtful, multifaceted approach to employee satisfaction. Those who fail to recognise this shift will find themselves watching a mass exodus as employees flock to organizations that offer the benefits, flexibility, and recognition they now deem essential. For businesses, this is not just a trend—it's a wake-up call. The question is no longer whether employees will leave, but whether employers will adapt to meet their evolving expectations. The future of work is here, and it demands more from both employees and employers alike. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
30-04-2025
- Business
- Business Standard
Majority of Indian employees considering changing employer in 2025: Aon
A majority—82 per cent—of surveyed employees in India are either in the process of changing employers or may seek new opportunities in the next 12 months, compared to 60 per cent globally, according to a recent survey by Aon, the global professional services firm. Aon's 2025 Employee Sentiment Study also found that only 7 per cent of employees in India feel undervalued, compared to 13 per cent globally. Nitin Sethi, head of talent solutions for India at Aon, said, 'Until recently, very few companies considered how benefits, wellness and healthcare programmes could shape their employer brand and employee value proposition. Post-Covid, we are seeing changes as employees increasingly value these programmes, and companies are more actively branding and communicating their availability to current and future employees. A multigenerational workforce is accelerating this change, while advanced technology is making it easier to implement these programmes. In the next decade, companies that excel in benefits, health and wellness will have a significant opportunity to position themselves as best-in-class employers.' The global study surveyed more than 9,000 employees across 23 countries, including the United States, United Kingdom, China, India, and Australia. It found that a large share of Indian workers are actively considering changing employers. Medical coverage emerged as one of the most valued benefits across all generations among Indian respondents, with Generation X and Generation Y rating it higher than Generation Z. Generation Z placed greater value on work-life balance. Additionally, 76 per cent of surveyed employees in India said they would be willing to trade current benefits for improved choices. This indicates the need for businesses to align their total rewards and benefits strategies with the evolving expectations of their workforce. 'Employees are increasingly aware of the advantages of medical and life benefits,' said Ashley Dsilva, head of health and wealth solutions and director and principal officer for India at Aon. 'The importance of retirement and financial planning among the young workforce is surprising. This shift may be due to a better understanding of the impact of inflation on daily living, especially since entry-level wages have stagnated in many sectors.' Younger employees have also taken on increased debt, with a substantial number securing personal loans before the age of 30. According to Dsilva, employers have a clear opportunity to underscore the value of benefits and emphasise financial wellbeing in their offerings, thereby enhancing employee engagement through innovative communication methods. The study further found that 10 per cent of surveyed employees in India had no confidence that their employer is investing in skills development and training to prepare them for the future of work. At the same time, Indian employees demonstrated stronger commitment to developing artificial intelligence (AI) skills, with 43 per cent expressing motivation to learn new skills to remain relevant, compared to 35 per cent globally.
