Companies are adding responsibilities on the staff, and cutting in their salaries, to get the maximum bang for the buck. Employees seem to be in a squeeze, both ways - salary cuts and the consequent check their lifestyle, and more work. But in such a crunch time they seem happy just keeping their job.
For most, this is the first serious slowdown the youth have had to live through. But, many of the employees consider their firm as being stable, even during these trying times. According to the study, ‘Changing Expectations at Workplace’, from a staffing company Teamlease Services, HR personnel observe that while many employees perceive uncertainty and job insecurity, quite a good number of them feel their company is stable.
Additionally, companies are also seeing changes like implementing stringent performance metrics and cutting costs on infrastructure expenditure, reveals the study.
According to Surabhi Mathur-Gandhi, general manager, permanent staffing, TeamLease Services, “The crisis is the first low tide for a younger generation of workers that have only known high tide. The only upside of the tragedy is that expectations are becoming realistic on both sides with unintended positive consequences like multi-skilling, higher productivity and cross-functional exposure. This reinforces that flexibility and resilience are inevitable concomitants of the “youthification” of India’s workforce.”
The survey respondents included both employees and HR personnel across the cities of Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. The employee respondents’ profile ranged between the age group 22-45 years across the departments of sales, marketing, business development, operations, finance, adminôHR and systems (IT).