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Job satisfaction equals job loyalty? Not necessarily

Job satisfaction equals job loyalty? Not necessarily
While 71 per cent of employees report being “satisfied” or “very satisfied” in their jobs, more than 63 per cent say they regularly look for new opportunities, the survey said.

As the future of the economy is looking positive, there are many opportunities coming up for job seekers and the scenario looks even better going forward, it added. “In this situation, job satisfaction will always be a subjective thing which may change and differ from employee to employee,” CareerBuilder India MD Premlesh Machama said. For some, job satisfaction may be linked to job content, for others, it may be linked to job roles and for many, it may be linked to earnings, he added.

Of the workers who feel satisfied in their jobs, most (59 per cent) said their salary contributes to their feelings of fulfilment at work. Other reasons contributing to high satisfaction include job title, good work and life balance, ability to innovate, training and learning opportunities, benefits, feeling valued, defined career path and flexibility, the survey said.

“As the labour market opens up and new opportunities arise, workers are starting to consider their options, three in five workers regularly look for new openings despite being satisfied,” CareerBuilder Chief Human Resources Officer Rosemary Haefner said.

The nationwide online survey of more than 1,000 employees looked at worker satisfaction as it pertains to work and life balance, career advancement and learning opportunities as well as factors that have the biggest impact on job satisfaction.

Meanwhile, job opportunities in India are expected to grow at the fastest pace globally as 78 per cent of finance leaders believe that growth in existing businesses will add to the creation of jobs, says a survey. According to the survey by American Express, carried out in partnership with CFO Research, across the globe employment prospects appear the brightest in India as 78 per cent of respondents predict greater rise in employment.

In the US, 61 per cent of respondents said they believe so and for China the figure stood at 50 per cent. “As with the economic outlook, India is at the top of the list of countries anticipating rising employment. However, the survey points to the shortage of skilled positions,” American Express Country Business Head, Global Corporate Payments Saru Kaushal said.

As per the report, 22 per cent of respondents from India pointed to shortage in skilled positions. “We are confident that with the government’s increased focus to make India Job Ready, this gap will be bridged soon,” Kaushal added. According to 29 per cent of those polled from India, headcount in their companies has increased at a faster clip than their revenues while 48 per cent said that the two had increased at about the same pace.

About 37 per cent of executives in Asia and Australia region expect employment to improve while 23   per cent expect it to worsen. In Japan, 29 per cent respondent expect employment to improve. Around 39 per cent of respondents from Australia and 31  per cent from Hong Kong expect a decline in jobs, the survey said.
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