India may witness 'The Great Resignation' at the highest level this year among South Asian countries

Feb 23, 2022

By: Vaamanaa Sethi

Credit: Pixabay

The term ‘Great Resignation’ has been in the limelight since...

...the starting of COVID-19 pandemic, all over the world.

Credit: Pixabay

What is Great Resignation?

According to the World Economic Forum, the Great Resignation is a phenomenon that describes the record number of people leaving their jobs after the COVID-19 pandemic ends.

Credit: Pixabay

4 in 10 workers in India could switch jobs this year

According to a Qualtrics study, which was carried out between August and December 2021, and includes 1,024 respondents 18 years of age or older employed full-time across a range of industries in India, revealed that 40 percent of the workers in the country would switch jobs this year.

Credit: Pixabay

India tops the list

The study further says that the figure of people switching jobs this year would be higher in India as compared to other South Asian countries.

Credit: Pixabay

On the contrary, 62 percent of the Indian workforce also plans to stay...

...with their current employer for the next 12 months, according to the study.

Credit: Pixabay

According to the report, the only way to increase this percentage...

...for the employers is to keep these factors in mind — employee wellbeing, creating a culture of belonging, and ensuring employees feel like their career goals can be met.

Credit: Pixabay

Also, India reported the highest level of engagement with 85 percent and wellbeing at work with 89 percent.

Credit: Pixabay

In order to retain talent in the competitive job market, the employers need to...

...prioritising the improvement of employee experience, says the report.

Credit: Pixabay

The problem would not be solved even if offices are open again full-time.

60 percent of the workforce would look for a new job if forced back to the office full-time, says the report.

Credit: Pixabay

Indian freelancers are earning more than their counterparts in other countries