As India Inc navigates through the evolving landscape of work dynamics, a recent survey by AmbitionBox sheds light on the concerns and preferences of employees heading into 2024. Job security emerges as a significant worry, with 46% of respondents expressing apprehensions about the coming year. The survey, conducted on AmbitionBox’s platform for company reviews and salary insights, provides a comprehensive overview of the workforce’s state, capturing sentiments, expectations, and trends that shaped 2023.
Key Insights from the Survey:
- Hybrid Work Model Approval: 81% of respondents were satisfied with the hybrid/remote work model in 2023, indicating a shift in work preferences.
- Desire for Continued Flexibility: A notable 52% of employees express a desire for the continuation of hybrid work in 2024, highlighting reluctance to return to traditional workweeks. Additionally, 30% prefer working entirely remotely.
- Work-Life Balance Prioritization: 45% of respondents anticipate a better work-life balance in the upcoming year, reflecting changing priorities.
- Opposition to 70-Hour Work Weeks: A majority of 53% disagree with a 70-hour work week, with 66% asserting that a 40-60 hour work week is ideal for productivity and well-being.
- Mixed Sentiments on Job Security: While 70% express confidence in their employer’s stability for 2024, concerns about job security are prevalent among 46% of respondents.
Mayur Mundada, founder and business head at AmbitionBox, emphasizes the importance of understanding these trends and controversies to foster a positive work environment. Addressing workforce sentiments can help businesses adapt and create workplaces that align with evolving employee needs.
