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Professionals in India ready to accept lower salary for better work-life balance, finds report
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Professionals in India ready to accept lower salary for better work-life balance, finds report
Apr 21, 2022 4:26 AM

Almost 86 percent of professionals in India will be looking for a new career prospect in the duration of the next six months, a report by professional recruitment services firm Michael Page stated. This comes as offices across the country gear up to open after two years of work from home.

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However, the report also finds out that monetary benefits are no longer the only incentives professionals are looking for. 61 percent of the respondents in India are willing to accept a lower salary and forgo pay hikes and/or promotions. After wading through a health crisis, professionals now yearn for a better work-life balance and their overall well-being.

“Individuals are placing increased importance on company culture, sense of purpose, and leadership ahead of company brands and promotions. Organisations that have great company culture will likely experience a competitive advantage,” said, Nicolas Dumoulin, senior managing director, Michael Page India and Thailand.

Also Read: It is a job seekers' market, says Vice President of Teamlease Services

With social awakeness, companies can no longer effectively attract & retain talent without a clear Diversity, equity and inclusion (DE&I) policy. Respondents said that they are looking for better work-life balance & overall well-being. A rise in temporary work has been recorded. Many tech professionals prefer contracting roles offering interesting projects & flexibility.

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

(Edited by : Abhishek Jha)

First Published:Apr 21, 2022 1:26 PM IST

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