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What Makes People Change Jobs ?
Human Resources » Recruitment & Staffing

Chrm Message From: smitaa Total Posts: 32 Join Date: 21/08/2006
Rank: Executive Post Date: 27/12/2006 01:25:16 Points: 160 Location: United States

Dear Colleagues,

Money is no longer the only motivator for a job change. But perhaps, what’s even more surprising is that job security is lowest on the priority list for today’s young achievers and high fliers.

These are some of the findings of a survey on ‘What drives you to a job,’ conducted by search firm Executive Access. The drivers in the survey included money, security, career path, empowerment and learning opportunities.

The survey was conducted in five cities with 208 senior executives across various industry verticals taking part in this exercise. According to the results, only 1% of the respondents voted job security as top priority, while 3% gave money as top priority. “Security is now history,” declares Ronesh Puri, managing director of Executive Access.

Money has also taken a back seat. Till about five years back, money was still perhaps the strongest motivator for a job change. But not anymore. “Earlier, there was a huge salary differential between multinational and Indian companies. Now that has more or less been equalised,” says Puri. The reason for security and money taking a backseat seat are numerous. The economy is on a roll and job opportunities are plenty. All this reflects that it’s the 'bullish' employee who is now calling the shots. Career path was rated as the most important driver (43% of those polled gave it top priority) in the survey. Says Deepak Dhawan, V-P (HR) for EXL: “The first thing what many fresh recruits ask is when will I move to the next level. Youngsters today are very ambitious and that’s a good sign." So earlier, if the rival corporate paid 30-40% more, that was reason enough for a job switch. But the situation is different today. “Take the case of Indian BPOs only. There are nearly 400-500 such companies who are in different stages of evolution and hence, there are plenty of job opportunities. Employees are clearly looking beyond financial goals,” explains Dhawan.

On their part, companies are doing everything possible to retain their workforce: from sabbaticals to handing out important responsibilities early on. Says Dhawan: "About 60-65% of our leaderships positions are filled from within the company. We also make it a point to give work exposure across processes to all our employees."

MNC companies are also no longer favoured destinations. With many Indian companies going global, executives are preferring them over transnational corporations as the former offer greater learning opportunities. Clearly, coterie culture which was anonynonymous with Indian companies is now a thing of the past.

"As MNCs typically follow the replication model (what works in 50 countries will also work here), many job seekers actually feel there is very little room for creativity in such organisations,"adds Puri.

Maybe we need to think over this survey, the next time one put up his/her papers..


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