Young professionals choose MNCs for better pay and work-life balance

According to a recent survey conducted by Jobbuzz, young Indian professionals prefer to work for multinational corporations. Out of a total number of 8,000 respondents, approximately 22% were of the opinion that MNCs offer a better pay package; around 1000 respondents say it is because of a better work-life balance; and another 1300 said they prefer multi-nationals because of the well defined career path. Other reasons why young professionals prefer working for MNCs are opportunities to work abroad, organised processes, lesser politics, and the scope to work with smarter people.
While Indian companies are going global, there are still some aspects that they need to address to become ‘employers of choice’, according to the survey. For young professionals today, a good place to work is more than taking just a six digit salary; it is about a better learning experience, peer-to-peer interaction, and most importantly a steady growth path. MNCs, according to the survey, focus on all these aspects to provide a wholesome work environment.
According to employee perception, as reflected by the Jobbuzz survey, in Indian companies growth and industry exposure is often limited, MNCs however prove to be worthy in terms of providing adequate training and development programmes; encourage employees to gain international work experience; and last but not the least offer handsome pay package and perks.
Better Salaries & Perks
Explains Deepak Kaistha, managing director, Planman Consulting, “The lucrative schemes and policies of international MNCs surely fascinate the Indian employees. It is also believed that one’s lifestyle statement undergoes a sea change when he is associated with an international organisation.”
Better work-life balance
It is evident from the JobBuzz survey that a large percentage of Indian employees also believe that MNCs provide a better work-life balance. Suman Rudra, HR Head, NCR India is also of the opinion that the MNCs not only support flexi work, but often allow employees to work from home.
In our fast moving life where everything revolves around deadlines, many professionals face problems in balancing their personal and professional needs. Kaistha says, “MNCs have always been particular regarding their employee satisfaction. This is the reason why their offices are not only a place to work, but also a recreational hub after tiring office hours.”

Focused career path
A company might be giving its employees all the perks that are required, but are they also offering a positive growth path for them? Jaideep Shergill, CEO MSL Group, says, “In an MNC, employees get to move between functions, roles, and departments within a short span of time. This scope is missing if the company is based out of only one location. MNCs allow their employees to not only move within the organisation, but also externally, resulting in a better career growth path.”
Rudra points out some of the other aspects multi-national corporations provide:
-A professional work environment based on ethics and value system
-International career opportunities
-International learning opportunities like training cross geographic projects and multi country experience
Also,
-The workplace has strong multicultural work ethos and supports equal opportunity
-They are diversity focused and are sensitive to their needs, gender and other types
-Focus on performance and result orientation than people preference
-Attracts women employees as they encourage grooming women managers and leaders
As Indian professionals get more global exposure, in terms of best practices that are brought into the country by MNCs of Indian and non-Indian origin, it is a matter of time before other employers take note and start adopting these practices to become ‘great places to work’.