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Here's why Indians are switching jobs

Less-than-expected pay as well as lack of growth opportunities at work place are driving many employees in India to look out for new jobs, says a survey.

According to global technology and consultancy giant Accenture, about 37 per cent of employees surveyed by it are looking for job opportunities outside the company.

The employees attributed the reason for seeking new jobs to the lack of satisfaction due to issues like being underpaid, lack of opportunity for career advancement and feeling trapped.

The study was conducted in November 2010 and surveyed 100 business executives from medium to large organisations in India.

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Here's why Indians are switching jobs

About 50 per cent of the respondents said 'lack of growth opportunity' was the primary reason for dissatisfaction with the current job, followed by 'low salary' (39 per cent).

Further, 32 per cent of the respondents said that 'climbing up the corporate ladder' was the most important factor in their career right now and that barriers in their career advancement were due to lack of management support.

They said that in the long run, developing knowledge or skills would be one of the top career priorities for them.

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Here's why Indians are switching jobs

Interestingly, 55 per cent of employees surveyed said they needed to move to a new organisation to reach their desired levels.

Besides in the last 12 months, 35 per cent respondents took the step of changing the industries or roles, whereas 38 per cent did not make any change to their careers.

About 57 per cent of the people surveyed said that they had negotiated for a pay raise. About 42 per cent said they had received a raise, of which 28 per cent stated that the pay hike was less than their expectations.