It does not need to be emphasized that young men and women in India are extremely career-driven in the present times. Career planning for the Indian youth nowadays starts right from their high school years. And when it comes to giving a robust start to their professional life, fresh graduates and postgraduates prefer to apply to multinational and transnational companies. There are a host of practical reasons as to why the youth in India choose MNCs over domestic and home-based corporations. Surveys and studies on employment trends and patterns of Indian jobseekers have revealed that they exhibit a distinct preference for applying to MNCs because these entities offer salaries above industry norms, and have a well-entrenched organisational culture. Furthermore, foreign corporate and business organizations provide ample opportunities for career advancement and give due recognition to talent. On the other hand, majority of the India-based firms and companies are hamstrung by dearth of professionalism, fraught with parochial politics and nepotism, and are very bureaucratic in nature. Scope of personal growth and development are also limited in Indian establishments. For most young professionals in the country today, working simply doesn’t mean earning a handsome pay-packet. They also give due credence to aspects like work environment, work-life balance, peer-group socialization and so on. Higher Remuneration and Incentives Statistics on remunerations offered by business organizations and institutions engaged in different sectors of the economy clearly reveal that multinationals offer much higher starting salaries compared to their Indian counterparts. More often than not, remuneration packages are performance-oriented that Indian job applicants find very fascinating. Work policies and schemes tendered by transnational entities give ample opportunities to employees to augment their salaries in a short period. Challenging Work Environment Multinationals excel in offering an encouraging and challenging work environment. Every employee gets the same platform for demonstrating his or her skills and the top management does not show any bias or favour a particular worker. One is not discriminated on the basis of his or her caste, creed, sex or religion but everybody gets equal chances of rising up the career ladder. Multinationals also have healthy work ethos and are equal opportunity employers as women are treated at par with men as far as employment is concerned. Enhanced Work-Life Stability Multinationals strictly maintain the fine line or boundary that separates one’s work life from his social life. In other words, an employee is able to spend quality time with his or her family and have an active social life after attending to work responsibilities. Almost all MNCs these days have facilities like gyms, recreational clubs, and other relaxation modes that permit employees to let their hair down after a hard day at work. These organizations frequently arrange picnics, tours and vacations so that employees and superiors can bond amongst and between themselves in a better manner. Better Scope of Career Development A MNC apart from providing a lucrative remuneration package also proffers sufficient scope for vertical growth and development. Unlike in a domestic or public sector organization, where one performs tasks in accordance with his or her job profile, a multinational inculcates an employee to execute tasks of different departments and shift between functions and roles. Since such an entity has offices in various countries of the world, one also gets effective international exposure. The upshot is that one is able to attain the zenith in his or her career as the emphasis is always on performance.
[via NaukriHub Blog]
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