June 20, 2024
1 min read

41% of Indians Balancing Multiple Jobs: Report

Interestingly, the survey shows the education sector leads the pack with the highest satisfaction rate (88 per cent)….reports Asian Lite News

About 41 per cent of Indian workers now have two or more sources of income, the highest among 18 surveyed countries, as there has been a substantial rise in salary satisfaction among the Indian professionals, a report showed on Tuesday.

The salary satisfaction jumped from 49 per cent to 73 per cent in 2023, again the highest among 18 countries, according to ADP’s annual survey, titled ‘People at Work 2024: A Global Workforce View’.

With salary continuing to be the most important factor for Indian workers surveyed in a job (55 per cent), it is no surprise that Indian respondents’ job satisfaction rate remains the highest among the 18 countries surveyed — at 81 per cent.

Satisfaction rates vary slightly by gender, with female respondents expressing higher contentment (84 per cent) than male respondents (78 per cent).

Interestingly, the survey shows the education sector leads the pack with the highest satisfaction rate (88 per cent).

“It’s encouraging to see workers more satisfied with their compensation, which translates to more productive and engaged workforces. Amid the strong economic growth and the war for talent, employers need to offer fair compensation to ensure the financial security and overall well-being of their workforce,” said Rahul Goyal, Managing Director, ADP India & Southeast Asia.

Despite the importance of pay, it is worth noting that more than half of Indian workers surveyed (55 per cent) regularly receive incorrect payments.

“This highlights the importance of having a robust payroll system to ensure timely and precise compensation,” said Goyal.

ALSO READ: India’s ‘Electric’ Awakening

Previous Story

Stay Stylish in Summer

Next Story

UN readies for Yoga Day

Latest from Economy

Trump presses Fed chief to cut rates

Fed chair pushes back on Trump criticism of renovation costs as president presses central bank to cut interest rates…reports Asian Lite News Donald Trump sparred with the Federal Reserve chair, Jerome Powell,

Hot weather boosted retail sales in June

The monthly retail sales numbers have been up and down lately, reflecting weather patterns and a late Easter Retail sales rose in June as the hot weather boosted fuel and supermarket sales,

Gita Gopinath to Exit IMF in August

The IMF’s Managing Director Kristalina Georgieva confirmed Gopinath’s departure and said a successor will be named “in due course.”…reports Asian Lite News Gita Gopinath, the First Deputy Managing Director of the International

Bid to protect younger workers in UK

Call for Evidence launched into unpaid internships as some employers fail to pay young workers despite ban…reports Asian Lite News The government has taken a significant step towards protecting younger workers from
Go toTop

Don't Miss

Operation Sindoor: Indian MPs in Tokyo

Their visit marks the beginning of India’s unprecedented diplomatic campaign

Quad Navies to participate in Malabar 2023 exercise

The Navy official said that the navies of the US,