Indian firms may face mass talent exodus
The study says that the trend may potentially lead to employers facing mass talent drains as the labor market begins to turn. The research report prepared in association with U.S. think-tank Human Capital Institute (HCI) found employers are vastly overrating the morale of their employees with 84 percent of surveyed indicating a belief that their workforce was content with simply having a job. In contrast, only 58 percent of workers feel in the same way as their employers, the report stated.
"While this environment has created a prime opportunity to acquire top talent and increase selective hiring, it is also a time for employers to prepare their workforces strategically for moving forward in a redefined, healthier economy," said Jesse Harriott, Senior Vice-President and Chief Knowledge Officer at Monster.com.
"However, to do that, they need to better understand the mindset of their employees. As the economy rebounds, those workplaces that have not invested in their people could face a mass exodus of employees, potentially crippling the business," Harriott added.
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