April 15, 2021
With a raging pandemic potentially threatening their business prospects, Indian companies are putting extra efforts into employee retention.
In line with companies across the Asia Pacific region, Indian firms have increased their spending on employee engagement and wellbeing, and training and development, among other measures that can help in staff retention, according to a survey by LinkedIn. The increase in budget for current employees comes at a time when companies in the Asia Pacific region have cut hiring spends by around 30% due to an “uncertain business outlook,” the survey said.
The findings are based on a quantitative 20-minute online survey filled by over 3,500 small, medium, and large companies across Australia, China, India, Japan, Malaysia, the Philippines, and Singapore.