HR consulting firm Hewitt Associates forsees an average pay hike of Indian employees to increase by 14.5% for the fourth year round in its salary survey. This has boosted expectations of all jobseekers who are looking for new jobs. And the employer who is able to meet the expectations is the one who reins the talent of employees.
While talking to a long time friend on Orkut, I learnt that he is earning much higher than me. He had recently come back from a company sponsored trip to Manila and is in high spirits. Though I tried to look happy for him, I hardly could conceal my jealousy. Why not I? How come I am earning so less? Am I underpaid? If yes, what am I doing here? Why not seek greener pastures? And so begins the push to change job.
Though motivation theorists have always emphasized on the less weightage that money has in motivating an employee to work, the ground realities are often different. Money counts. And it is the number one change pusher; pushing employees to switch jobs so often.
With global HR consulting firm Hewitt Associates predicting an average pay hike of Indian employees by 14.5% for the fourth year round in its salary survey, expectations are running high. And the employer who is able to meet the expectations is the one who reins the talent of employees. Hewitt's report points that variable pay retains its position as crucial means of drawing and retaining talent. The IT sector has seen the maximum hike in employee salaries; also the sector that has witnessed the maximum employee turnover.
What advantages does this trend predict for an individual? A hike in pay packages, for sure. Switching to a new job promises as much as 25%-30% hike in salary. A better negotiator can negotiate a fatter package.
However, there is a note of caution as well. Don’t allow money to shadow the job change decision entirely. A good job has several other aspects to look for. Take career advice into consideration and only then make the change decision.
Change Pusher # 3- Where’s the Job Satisfaction
Not satisfied with your present job? Feel that the job does not utilise the skills you have acquired? Does the job not offer you a chance to nurture your creativity? Most of us would like to answer these questions in an affirmative; but few of us actually can. So what’s missing? It’s job satisfaction.
Change pusher # 2- My boss, my enemy
Prime on any employee's list of work issues is a bad boss. Talk to him about his boss and you have raised a painful issue. Now, hear all he has to say about how dominating he is at work and how he is making his life hell. Most working people would rate unsupportive employer as a big woe.
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