Sharing perspective on this survey, Subeer Bakshi, Director, Talent & Rewards Practice, Towers Watson India, said, “A vast majority of companies in the developing world continue to struggle with attracting and retaining high-potential and critical-skill employees necessary to increase their global competitiveness. Part of the solution, for companies and workers alike, lies in the articulation and execution of a strategically designed employee value proposition (EVP). In the high-stakes quest to find, keep and engage the right workforce, the EVP can be an effective tool in creating the right balance between employee preferences and employer needs — leading to stronger overall performance and improved financial outcomes. Organisations willing to drive the design, delivery and differentiation of their EVP forward can create a successful future for both the organisation and its employees.”

OTHER KEY HIGHLIGHTS

1. Attrition in India at 14 percent, marginally higher than global and AP counterparts (11.20 percent and 13.81 percent respectively).

2. Over 45 percent of companies in India inform employees who have been identified as high potential; 85 percent employers in India agree to have adopted formal ways to identify top talent. 

3. 49 percent of companies in India have developed special programmes to promote international mobility.

4. 48 percent employers in India feel employees are making greater use of social media and collaboration tools.

The Towers Watson Global Talent Management and Rewards Survey include responses from 1,605 companies worldwide, including 796 from Asia Pacific.  

Read More:

6 'In-Demand' Jobs to Earn 7 Digit Salaries

5 Brightest Students of India who Won Nobel Prize