Job satisfaction hits a new low, private sector staff unhappy: IIM-A study

AHMEDABAD: An average private sector employee in India is not a happy man as India Inc. feels the pinch of a global slowdown! Dissatisfaction levels among employees of India have gone up since 2009 when the economic slowdown set in, says a survey on job satisfaction by Paycheck India, a research initiative at IIM-A. Across levels, around 44% respondents out of 13,205 staffers — 10,996 males and 2,209 females — say they are underpaid all through the four years starting 2009. The survey authored by Prof Biju Varkkey, faculty of Indian Institute of Management, Ahmedabad (IIM-A) and Rupa Korde, faculty of Foundation for Liberal and Management Education, Pune sought online feedback from employees on salaries, job security, employee welfare and contract terms between 2009 and 2013.