New Delhi: Contrary to the belief that money keeps the employees engaged with the companies, a research has revealed that bosses affect this decision and not the money. People tend to stay for longer period in a company if they have a good relationship with their boss.
The revelation was made in an employee engagement study by Dale Carnegie on Indian companies. The report was published in Times of India.
According to the report, 44% of the workforce is only partially engaged, while 10% is entirely disengaged, showing that there is a huge scope of improvement on this front. 13% of employees rated their immediate supervisor as poor and 45% said that they are neutral towards this factor.
The study covered of total 1,400 respondents across industries. It says that the actions of the immediate manager can enhance employee engagement through a personal relationship or can create an atmosphere where an employee becomes disengaged.
The report shows only 31% of respondents were satisfied with the senior management while 51% did not have a clear answer and 16% were outright dissatisfied.
The study found that income did not exhibit a strong relation to engagement levels. A strong 71% of those earning more than Rs 10 million (Rs 1 crore) and above annually were seen to be highly engaged at work. Those in the lower salary brackets of Rs 1,51,000-10,00,000 per annum showed lower engagement than the national average in India, with 15% of those earning between Rs 1,50,000-3,00,000 per annum and 13% of those in the Rs 5,00,000-10,00,000 per annum group being highly disengaged.
The report says that Indian employees are more engaged (46% fully engaged) than their counterparts from the APAC (35%) or the global average (34%).
According to the report, Executives (CEOs, COOs and executive directors) are highly engaged with as high as 65% engagement. The level goes down as you move down the hierarchy. It points towards a fact that engagement is higher among those with authority and in decision-making roles.