A recent survey carried out by wisdomjobs.com across the companies and their employees shown that financial security is the biggest motivator as well as concern for them. In fact, 65 percent of the surveyed employees said that the financial security of their families is their greatest worry in case of their premature death. However, 58 percent of workers expressed concerns about being able to save enough money to live comfortably post-retirement. The concern regarding financial security seems very genuine as everyone needs to be financially secured, for the sake of their families and dependents.

These findings of the survey support the trend that nearly 80 percent of new joiners seek life insurance as a key benefit for them. On the other side, the study revealed that only 30 percent of the Indian companies offer such benefits to their employees. This concern has become the challenge for the companies as 70 percent of them feel extremely challenged to retain their employees and over 40 percent of them accept that they are updating their HR policies to address this fact. Due to this issue, companies have already expressed concern regarding the shortage of talent would adversely affect their business.

“Employees are the strength of the companies, to retain them it has become mandatory for the companies to review and revise their HR policy otherwise companies may have to suffer from the shortage of workforce that may result in a steep decline in their progress,” said by one of the board members of Wisdomjobs.com.

According to the study, the sectorial analysis shows the prevalence of concerns regarding financial security with IT sector at the first place at over 75 percent, followed by the Banking and Finance sector at 63 percent, Infrastructure sector at 58 percent and the Healthcare sector 52%.

About Wisdomjobs.com
Making hiring simplified for recruiters and job seekers with full dedication, Wisdomjobs.com have gained immense recognition and admiration in by the recruiters and job seekers that inspire them to come up with the surveys to highlight the information regarding latest market trends, issues, announcements to make their followers up-to-date. Wisdomjobs.com is an online job portal that have been designed and developed to make hiring simplified.

Contact Information
Wisdom IT services India Pvt. Ltd.
Plot No. 305, 2nd Floor, Ayyappa Society
Madhapur, Hyderabad, 500081
India.