In a contrast to the gloomy sentiment in the US, Indian executives have higher morale and are more satisfied with their current positions, a survey has said.
According to an Executive Quiz by global executive recruitment firm Korn/Ferry International, close to 50 per cent of the Indian executives surveyed are either extremely or satisfied with their current position compared to just 37 per cent in the US.
"Despite the lackluster job market (Indian) executives are happy with their jobs, have high employee morale and trust for corporate leadership. There was a 10 per cent variation that was seen with the satisfaction levels in their current position where 37 per cent were satisfied in the US and 47 per cent in India," the survey stated.
In terms of employee morale within their company, 79 per cent of Indian executives said it was 'good' or 'outstanding', followed by 'fair' by 21 per cent but no one said it was poor.
However, 45 per cent of employed executives in the US said the morale was either 'fair' or 'poor' followed by 55 per cent who said 'good' or 'outstanding', the survey revealed.
"In this economic environment, it is heartening to see Indian executives are showing positive signs across parameters such as trust, employee morale and aspirations to climb corporate ladder," Korn/Ferry International in India Managing Director Deepak Gupta said.
According to the survey, 66 per cent of executives stated they trust their boss and gave them favorable performance ratings — excellent (31 per cent), above average (41 per cent) or average (28 per cent).
Further, when executives were asked if they aspire to be CEOs, the majority (72 per cent) agreed, five per cent said 'may be', while just three per cent said no.
The survey also revealed that the Indian executives were more aspirational as majority of executives in the country aspire to have their boss' position (85 per cent). In contrast, in the US, 67 per cent aspire for their boss' position and 33 per cent do not.
The Korn/Ferry International Executive Quiz is based on a global survey of executives registered within the firm's online executive centre. Respondents from 70 countries, representing a wide spectrum of industries and functional areas, participated in the latest Executive Quiz in May-June 2009.
