Indians are unhappy with their pay but satisfied with their jobs

• According to the Monster Salary Index, employee satisfaction with regards to pay dropped by almost 22%.
  
• Despite that, three in four employees in India are satisfied with their jobs. This includes employee relations with peers and senior management, shows the Monster survey
  
• The consumer confidence on income, employment and spending declined to six-year low in September, as per Reserve Bank of India (RBI).

India’s economic slowdown is eating into the income of salaried employees. According to the Monster Salary Index, employee satisfaction with regards to pay has dropped by almost 22%.

The slowdown caused job cuts, delayed salaries, decreased hiring sentiment and resulted in fewer increments.

The consumer confidence on income, employment and spending declined to six-year low in September, as per Reserve Bank of India (RBI). The net headcount of public sector companies dropped by 2.6% year-on-year in 2019.

Employees are not too confident of their income increasing either year. However, almost half of the respondents expect it to increase in the coming year.

“Analysing employees’ job satisfaction-levels is essential to understand and measure the perceived quality of working conditions. This is pivotal as the working population spends close to 1/3rd of the day at work,” Krish Seshadri, CEO, Monster.com, APAC & Middle East said.

Despite the anger over salaries, three in four employees are satisfied with their jobs. This includes employee relations with peers and senior management, as per the survey.

Across industries, employees in the construction and technical consultancy, healthcare, caring services and social Work, information and communication technology services, legal and market consultancy and business activities sectors are highly satisfied with their jobs.

ICT services witnessed the highest growth in terms of satisfaction amongst all recorded sectors.

The survey analysed data between January 2016 to December 2018. The wage analysis is based on data collected from Paycheck.in, the Salary Calculator and Monster Salary Index from the period.

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