today's employees and job seekers have evolved in their expectations and demands from employers. The new world of work and evolving employee needs and wants have prompted millions of Indians to reassess their relationship with work, placing emphasis on factors such as flexibility, health benefits, work-life balance, professional development, recognition, and diversity.
For employers, it is crucial to adapt to these shifting values. A survey by Indeed India found that 87% of Indian employees are considering switching jobs in 2023. In order to attract, retain, and nurture top talent, employers must actively listen to their employees' desires and construct a culture that fosters inclusivity, prioritizes employee health and well-being, and promotes growth opportunities.
Read on for 7 stats that demonstrate the benefits, perks, and aspects of a company culture that today’s job seekers value most.
1. According to a survey by Fractl, 85% of job seekers in India consider health, dental, and vision insurance benefits as part of their job search.
2. According to a survey by Mercer, 67% of Indian job seekers say that it is important to them that prospective employers offer employee wellness programs in 2022.
3. According to a survey by Naukri.com, 72% of Indian job seekers say that pay is top of mind for them when they are searching for a new job.
4. According to a survey by TeamLease, 92% of Indian employees prefer flexible hours over remote work.
The survey also found that:
The top reasons why Indian employees prefer flexible hours are:
1. To have more control over their work-life balance (65%)
2. To be able to work from home when needed (55%)
3. To be able to take care of personal obligations (50%)
The most popular flexible work arrangements in India are:
1. Flextime (85%)
2. Remote work (75%)
3. Compressed workweek (65%)
4. According to a survey by Mercer, 75% of Indian employees say that sick pay is the employee benefit they value most in 2023.
5. 75% of Indian employees say that they would be more likely to stay with a company that offers financial wellness benefits.
6. According to a survey by Naukri.com, 57% of Indian employees expect their employer to support career growth.
As we embark on a new era characterized by evolving employee values and expectations, there is a pressing need for employers to cultivate a culture centered around health, well-being, and growth.
This transformation will prove advantageous to both employees and employers. By broadening our perspective on employee engagement to encompass wellness, we can collaboratively pave the way for a future where India's workforce is healthier and more productive than ever before.
Perks.tech is an all-in-one employee perks platform built to make work more rewarding for your employees. Find new possibilities to provide easy access to financial, wellness, insurance benefits, perks, and much more.
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