Posterous theme by Cory Watilo

Money and lifestyle issues are major drivers of career change, a survey

More than half the Indian workforce expect to switch careers within the next five years due to money and lifestyle issues, according to the latest survey results from Kelly Services.

The findings are part of the ‘Kelly Global Workforce Index', which obtained the views of approximately 97,000 people in 30 countries, including India. The survey highlights that the main cause, cited by 36 per cent of the respondents for change in career is the need for improved work-life balance, followed by the need for higher income and changing personal interests as shared by 23per cent and 21 per cent respondents respectively. One of the major reasons for change in career stated by 75 per cent of respondents is that they believe they could resume their career at the same level after taking a break for maternity/paternity leave, illness or extended holidays.

Key findings:

Employees will face the greatest likelihood of career change  in the Oil and Gas, Utilities, Travel and Leisure sector

Most important element in an individual's career were cited as :-

Experience (80 per cent)

Formal education (20 per cent)

60 per cent of the respondents said that when looking for a job, the best indicator of a person's talent is

Work experience (24 per cent)

Performance in job interview (23 per cent)

Education (9 per cent)

Job references (8 per cent)

55 per cent of the respondents anticipate to change their career within the next five years

While determining the cause of changing their career, respondents voted for

Better work-life balance (36 per cent)

Need for higher income (23 per cent)

Personal interests changing (21 per cent)

Concerned about industry getting declined (8 per cent)

94 per cent of respondents aspire for an executive position