MNCs beat Indian companies as preferred place to work: Survey

Multinational companies (MNCs) beat Indian firms as preferred place to work, as nearly 88 per cent employees working with domestic firms, if offered a choice, would like to switch to international organisations, says a survey.
According to JobBuzz.In study, nearly two-thirds of India Inc employees say they would prefer to work with international companies as opposed to working in an Indian company.
"While the cultural differences between MNCs and Indian corporations are shrinking, there still exist good and bad perceptions on both fronts; MNCs are lauded for their processes and professionalism while Indian companies are valued for job security and appreciating people rather than profiles," TimesJobs.Com COO Vivek Madhukar said.

Madhukar further noted that MNCs suffer from the 'perform or perish' environment perception, while Indian companies have to deal with issues of favoritism and the like".
The 'JobBuzz Indian Vs MNC Workplace Study 2016' received responses from 1,023 employees from across the country. Of the respondents, 71 per cent work in Indian organisations while 29 per cent work in multinational companies.
According to nearly 33 per cent of surveyed employees, international organisations score on better pay packages and perks.

Moreover, nearly 22 per cent employees from MNCs say their organisations offer better opportunities for career growth and development while 19 per cent are impressed with the work environment and culture in international firms, the survey said.

Indian organisations scored better in terms of work-life balance and work environment.
However, employees of Indian organisations criticised workplace politics, favoritism and nepotism, saying it resulted in unfair practices and bias while staffers in MNCs did not have such grievances about their employers.
Nearly 88 per cent employees currently working with Indian organisations say that if offered a choice, they would definitely like to move to international companies.
As per the proposal, the National Informatics Centre (NIC)
will develop a website "Integrated Information System for Public Recruitment Agencies" which will have links to various recruiting agency's own web pages.
Each recruiting agency will develop its own web page. The home page will display the details of the recruitment examinations undertaken by them in the past one year and the date of announcement of the final results, the DoPT said in the proposal.

The user can then click on the appropriate examination and then a search page will be displayed. The search page will include display of details of candidate along with their rankings and their scores in descending order of rankings. However, search can also specify name of candidates or any specific range of rankings which will then by displayed, it said.
The details like category of candidates like General, Scheduled Caste or Minority, educational qualifications, marks obtained in the qualifying examination, rankings by which the merit is decided and complete address among others can be accessed through the proposed website.
The Prime Minister had in March said that scores of candidates taking competitive examinations will be shared with prospective employers to help them choose quality talents.

"The government and public sector undertakings conduct a number of recruitment examinations. So far, the scores in these examinations have been retained by the government.
"Hereafter, we will make available the results and the candidate information openly to all employers, wherever consent is given by the candidate. This will create a positive externality," Modi had said.