About 70 per cent of the Indian workforce reports being unhappy at work, according to a report. Meanwhile, 54 per cent of employees are considering leaving their organisations. This alarming statistic points to a potential wave of resignations, particularly among employees who feel unsupported or unfulfilled at work.
The report, titled "Happiness at Work - How Happy is India's Workforce? - 2024", was released by The Happiest Places to Work, in association with the Happiness Research Academy. This report is the result of a comprehensive all-India research exercise that examines patterns of happiness across various genders, age groups, geographies, and industry sectors within India's urban workforce.
People of the same age are experiencing vastly different levels of happiness, indicating that factors other than age play a crucial role in workplace satisfaction, the report revealed under "Wide disparities in happiness levels within the same age cohorts."
When it comes to gender and geographical gaps in happiness, the report highlighted notable differences in happiness levels between men and women across different regions and industry sectors. In the East and Central zones, women report higher levels of happiness, whereas in the North zone, men are significantly happier than women.
In sectoral happiness rankings, the fintech sector has emerged as the happiest industry, while the real estate sector is reported as the least happy.
Happy Place
When employees have the opportunity to pursue personal interests within a supportive environment, they are 60 percent less likely to leave their jobs.
Millennials are at higher risk of departure, with 59 per cent of them contemplating a job change.
Methodology
The "Happiness at Work" report draws its insights from a scientifically robust sample of 2,000 respondents across 18 industry sectors. The proprietary research instruments developed by the Happiness Research Academy enabled a detailed and accurate projection of these sample findings to the All-India Urban Workforce, providing a granular map of happiness within this vital demographic.
Namrata Tata, Director Happiest Places to Work commented on the findings, stating, "This report offers crucial insights into the current state of workplace happiness in India. The stark disparities in happiness levels across different demographics and sectors are a call to action for organizations to prioritise employee well-being."
The Happiness Research Academy plans to make this report an annual publication. With each successive report, the Academy aims to uncover trends that will become indispensable to evidence-based management practices in India.
