home  |  about Firth Ross Martin  |  global market news  |  Indian workers 'switching roles for more pay'

global market news

Indian workers 'switching roles for more pay'

03 November 2010
Indian workers 'switching roles for more pay'Employees in India are changing jobs in order to secure larger wages, a poll reveals.

The survey by the country's Associated Chambers of Commerce and Industry (Assocham) shows the service sector is seeing high rates of attrition in the wake of the financial markets crisis.

In the wake of the global downturn, India's service industry witnessed a 30 per cent attrition rate for the first half of 2010, according to the report.

Assocham suggests that this is a growing problem within the Indian economy, climbing to 25 per cent in the service and financial industry as a result of changes in banking and trade services markets.

"The economic recovery and confidence in the growing economies gives boost to job market which has made it imperative for the employers to benchmark the compensation levels and upgrade the reward structure," Assocham secretary-general DS Rawat said.

In related news, a poll by Assocham found that 26 per cent of mothers in India prefer to work full-time, a decline in the number of women choosing this solution, with many claiming that part-time employment is their ideal.

Posted by Sarah DixonADNFCR-1275-ID-800213107-ADNFCR