SME Times is powered by   
Search News
Just in:   • Amazon’s $48 billion investment in India to create new opportunities for youth: PM Modi  • "A Call for AI Democracy: Nadella Warns Against Concentrated Power"  • The 45-Day Trap: Why a Well-Intentioned Policy is Backfiring on Our MSMEs  • EAM Jaishankar, South Korea's National Security Director Wi Sung-lac hold talks  • Vietnam values and gives high priority to ties with India: Vietnam National Assembly Chairman 
Last updated: 19 Jun, 2024  

Employee.9.Thmb.jpg 41 per cent of Indian workers have 2 or more sources of income, reveals report

Employee.9.jpg
   Top Stories
» Amazon’s $48 billion investment in India to create new opportunities for youth: PM Modi
» 11th BRICS Energy Ministers' meet to be held in Gurugram today
» PM Modi reviews Rs 30,000-crore infra projects, stresses faster execution
» MSMEs need protection, not just promotion: Report
» Gold, silver trade nearly 2 pc lower amid global interest rates concerns
IANS | 19 Jun, 2024

About 41 per cent of Indian workers now have two or more sources of income, the highest among 18 surveyed countries, as there has been a substantial rise in salary satisfaction among the Indian professionals, a report showed on Tuesday.

The salary satisfaction jumped from 49 per cent to 73 per cent in 2023, again the highest among 18 countries, according to ADP's annual survey, titled 'People at Work 2024: A Global Workforce View'.

With salary continuing to be the most important factor for Indian workers surveyed in a job (55 per cent), it is no surprise that Indian respondents' job satisfaction rate remains the highest among the 18 countries surveyed -- at 81 per cent.

Satisfaction rates vary slightly by gender, with female respondents expressing higher contentment (84 per cent) than male respondents (78 per cent).

Interestingly, the survey shows the education sector leads the pack with the highest satisfaction rate (88 per cent).

"It's encouraging to see workers more satisfied with their compensation, which translates to more productive and engaged workforces. Amid the strong economic growth and the war for talent, employers need to offer fair compensation to ensure the financial security and overall well-being of their workforce," said Rahul Goyal, Managing Director, ADP India & Southeast Asia.

Despite the importance of pay, it is worth noting that more than half of Indian workers surveyed (55 per cent) regularly receive incorrect payments.

"This highlights the importance of having a robust payroll system to ensure timely and precise compensation," said Goyal.

--IANS

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹95.3
₹93.6
UK Pound
₹127.7
₹123.7
Euro
₹110.65
₹106.9
Japanese Yen ₹59.75 ₹57.9
As on 24 Jun, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter