SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
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
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
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
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter