According to EY 2022 Work Reimagined Survey, 84% of employees say the organization’s culture has improved since the start of the pandemic.
- EY 2022 Work Reimagined Survey shows employees now have greater influence over employment terms; more than half of employees expressed the need to change their job in the next 12 months.
- 36% of employer respondents say they want employees to come back to the office five days a week; 27% of employees want to work remotely for less than five days a week.
- 84% of employees believe that their organization’s culture has improved since the start of the COVID-19 pandemic, employers’ confidence in their own company culture was at 57%.
- 96% of employers have planned changes to ensure the safety and wellbeing of their employees.
- 79% of employees surveyed believe that changes should be made to total rewards, given the impacts of the pandemic.
In India, the responses are captured by more than 100 business leaders and more than 500 employees.
The survey shows that, as many countries emerge from the Covid-19 pandemic, employees have gained significant influence over their employers and that their ‘wish list‘ from potential employers is changing.
“Employees across India now hold more control in the job market, with more than half of respondents saying they are likely to quit in the next 12 months driven mostly by a desire for
higher total pay, better career opportunities and flexibility amid rising inflation, a shrinking labour market and an increase in jobs offering flexible working,” the EY 2022 Work Reimagined Survey said.
EY India, Partner & India Leader, Workforce Advisory Services, Anurag Malik said, the survey found that over the last year the labour market changes meant the balance of power has shifted to favour employees.
“As employers shifted gears providing more flexible work options, there is more that they will need to invest in that includes higher pay and overall brand building of the organization,” Malik said.
Flexible working arrangements which were by far the biggest factors leading to employee moves according to last year’s survey are now less of a driver given that many are already working for companies that offer flexibility in some form, he added.
Looking at the various age groups across the countries surveyed, Gen Z employees and millennials in the country are the most likely to quit their jobs this year (64 per cent), while across the sectors, it is those with technology hardware, telecommunications, and industrial products jobs that are most eager to leave, the survey said.
