Tuesday 20th October 2020

BCG survey: A look at changing attitudes of workforce across the world

By Ram Mohan

The challenge of managing a workforce is something that worries all CEOs. Finding the right employee is not easy in the face of automation, demographic changes and immigration policies. Entities and countries that manage this aspect well have the best shot at sustaining economic growth, says a BCG survey across 197 countries on changing attitudes of the workforce. A snapshot:

Willingness to Relocate Has Come Down

Around the world, the desire to move to another country for work reasons is coming down. As jobs become more global, the need to uproot oneself for better work has also reduced in an interconnected world. Brexit and US immigration policies are other major factors that have dampened the enthusiasm. The highest desire for work relocation is seen in developing countries like India.

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Retraining

* 68% willing to retrain themselves even if job is not at risk

* 29% willing to retain themselves if they have a serious problem finding a job

WHAT MATTERS MOST AT WORK

Top 10 global preferences

* Good relationship with colleagues

* Good work-life balance

* Good relationship with superiors

* Learning & training opportunities

* Career development

* Financial stability of employer

* Job security

* Financial compensation

* Work being appreciated

* Interesting work

Top preferences in India

* Career development

* Learning and training opportunities

* Good work-life balance

* Good relationship with superiors

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(Note: % of respondents in a survey of 3,66,139 people across 197 countries. 6,200 recruiters were also covered in survey done in the first four months of 2018. Direct comparison with last survey, done in 2014, is not done in some cases because of changes in survey execution)

Source: BCG, The Network.

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Published On: September 8, 2018

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