Bhubaneswar: Wisdomjobs.com, one of India’s leading end to end online recruitment and career solutions portals, released the outcome of its survey on the Employee Satisfaction on their Salary Structure. The survey was conducted across Hyderabad, Mumbai, Delhi, Chennai, Bengaluru and Pune; and covered 10 sectors; IT, Telecom, ITES, Retail, Education, Media & Entertainment, Infrastructure, BFSI, Healthcare and Logistics.
The report examines and throws light on the satisfaction levels of employees with their salary structures. There has never been a term called a satisfied employee, particularly when it comes to the matter of their remuneration or salary structure. More often than not, salaries and benefits are the make-or- break factors when it comes to an employee’s decision to join a particular company, or to stick with the company in the long term. While the ‘take-home’ salary is usually the key determinant of the decision to join a company, other monetary and non-monetary benefits offered in the employee’s pay package gradually play an important role.
Mr. Ajay Kolla, Founder & CEO, Wisdomjobs.com said, “Millennials, popularly known as the Gen Y, make up the largest chunk of employees in most organizations. We are also seeing a growing proportion of Gen Z employees, to be precise those in their early 20s’, are being taken on-board every year. Considering the overall generic prerequisites, companies are adapting to the mindsets of this young workforce by redesigning compensation structures to bring them in line with their expectations.” He further added and said, “ Apart from this, we also see that the companies to offer innovative perks and benefits to employees in order to make their job offers seem more enticing.”