While India and China compete for the coveted number one position as the fastest growing economy, employees in India were far more confident about the state of their economy (50%) over the Chinese who seemed to be less self-assured (28%): Michael page a global specialist recruitment firm found in a study.
The study drew a comparison between the responses from over 1200 employees in India and over 700 employees in China, from mid-senior level, across organisations and sectors.
In China, keenness to attain a healthy work-life balance (43% ) is prioritised over new skill development, which seemed to be of greater significance to Indians (44%).
The study found that Indian employees were less satisfied about salary (21% compared to 16% in China), opportunities for promotion (31% compared to 28% in China) and job security (20% compared to 14% in China)
Employees in India were more optimistic about the next 12 months with regard to better skill development (74% compared to 72% in China) and career progression (72% compared to 67% in China).
Both countries showcased a willingness to explore working abroad. Overseas employment was generally seen as an attractive option across both nations; India – 64% and China – 59%
Sebastien Hampartzoumian, Senior Managing Director, Michael Page India, says,“Interestingly, Indian employees seem to be less satisfied about certain aspects of their job compared to their counterparts in China. This can be attributed to an optimistic mindset and a better sentiment of market conditions hence higher expectations.”
Indians continue to be positive about the opportunity to develop new skills and the possibility of getting a promotion this year. In contrast, employees from China were found slightly less confident.
“India’s growth story has been closely linked to skill development over the last two years and seeing this taking importance over salary increase is very surprising,” adds Hampartzoumian.