Eighty-Two Percent of Workers in India are Considering Changing Employers in 2025, Aon Study Reveals
Aon plc (NYSE: AON), a leading global professional services firm, has released results from its 2025 Employee Sentiment Study. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, China, India and Australia, found that a majority of workers in India are considering changing employers.
Aon’s results reveal that 7percent of employees feel undervalued in India, compared to 13 percent globally. Further, 82 percent of surveyed employees in India are either in the process of moving employers or might seek new employment in the next 12 months, compared to 60 percent across the globe.
The
top five valued benefits for the Indian workforce are:
·
Work-life balance programs
·
Medical coverage
·
Career development
·
Paid time off
·
Retirement savings
Top fivemost influential characteristics to attract employees in India:
NitinSethi, head of Talent Solutions for India, at Aon,
said,“Until recently, very few companies considered how benefits, wellness and
healthcare programs could shape their employer brand and employee value
proposition. Post-Covid, we are seeing changes as employees increasingly value
these programs, and companies are more actively branding and communicating
their availability to current and future employees. A multigenerational
workforce is accelerating this change, while advanced technology is making it
easier to implement these programs. In the next decade, companies that excel in
benefits, health and wellness will have a significant opportunity to position
themselves as best-in-class employers.”
Growing demand for medical coverage
Medical coverage was one of the highest valued
benefits across all generations among those surveyed in India, with Gen X and
Gen Y rating it higher than Gen Z. Gen Zrated work-life balance as the top-valued
benefit. Additionally, 76 percent of those surveyed said they would be willing to sacrifice
existing benefits for a better choice of benefits.This highlights the necessity
for businesses in India to align their total rewards and benefits strategies
with the changing expectations of their workforce.
“Employees are increasingly aware of the advantages of
medical and life benefits,” said Ashley Dsilva, head of Health and
Wealth Solutions and director and principal officerfor India at Aon. “The importance
of retirement and financial planning among the young workforce is surprising.
This shift may be due to a better understanding of the impact of inflation on
daily living, especially since entry-level wages have stagnated in many
sectors. At the same time, younger employees have increased debts with a
substantial portion taking on personal loans before age 30. Employers have a
clear opportunity to highlight the value of their benefits and emphasise
financial wellbeing in their offerings and enhance employee engagement through
innovative communication methods."
The
study also found that 10 percent of surveyed employees in
the country had noconfidence that their employer is investing in their skills
development and training to prepare them for the future of work. At the same time, employees
surveyed showed a higher commitment to improving their AI skill set, with 43
percent feeling motivated to develop new skills to stay relevant when asked
about AI compared to 35 percent globally.
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