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Randstad: Microsoft Stands as the Best Firm to Work for in India

By Consultants Review Team Thursday, 08 August 2024

The Tata Group includes three of India's top five most appealing corporations to work for. While Microsoft has risen to the number one slot in 2024, up from fifth place last year, Tata Consultancy Services, Tata Power, and Tata Motors are all in the top five, according to the most recent Randstand Employer Brand Research survey.

According to the research, 40% of employees predict that artificial intelligence (AI) would have a substantial influence on their professions, while 26% foresee a modest impact. Only approximately 6% anticipate to lose their employment due to AI.

"About one in every two workers already uses artificial intelligence on a regular basis. This is highest among Generation Z (60%). The majority of workers expect AI to have an influence on their careers. According to the research, Gen Z is significantly more pessimistic about the potential effect (12%).

After growing over the last two years, job-switching behavior among Indian employees appears to be stabilizing. This is evidenced by the fact that the rate of recent job changers and those planning to switch has stayed constant over the last year. "Millennials demonstrate the highest inclination for job switching (33%) and plans to change (47%)," said the report's conclusion.

According to the research, improved work-life balance (51%) is still the most powerful reason for quitting companies, followed by a lack of professional advancement prospects (38%) and inadequate pay (34%). However, just 29% of employees received full compensation for growing living expenses, while 40% received partial compensation.

In terms of finding new chances, job seekers in India rely primarily on LinkedIn and Google, which have the broadest reach and a high success rate for job searches. "This tendency holds true for all populations. Furthermore, more than one-third of job searchers use a variety of additional channels, implying that most people use various sources in their job search. Notably, persons with higher education levels tend to use channels more frequently," according to the report.

A large majority of employees (61%) continue to work remotely in some form. Despite many organizations introducing return-to-office policies in the last two years, this trend demonstrates the long-term viability of remote work in the modern workplace. "This is something employers should continue to offer given that a third of workers cite inflexible working as a reason to seek new employment," according to the research report.

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