Managers feel state of economy impacting job decisions: Study

New Delhi, May 12 As many as three in every four middle-level managers in Indian companies feel the state of the economy is having some impact on their job related decisions, with most of them saying they will stay at their current position until the situation improves, says a study.

According to the study by global consultancy firm Accenture, about 75 per cent of middle managers surveyed feel the state of economy is having some effect on their job related decisions with most saying they would like a new job but would stay in their current position until the economy improves.

Further, one in every five respondents said they are taking steps to improve the security of their jobs, such as working harder or longer hours.

The survey also pointed out that 50 per cent of middle-level managers in the country were extremely satisfied working at their current organisations, while nearly 42 per cent surveyed middle managers say they are only somewhat satisfied.

"Significantly, more middle managers who are not interested in another job are highly satisfied with their current organizations (83 per cent versus 49 per cent considering and 18 per cent looking)," the study, 'Middle Managers Outlook: India', noted.

The study by the global consultancy firm revealed that nearly two-thirds of middle managers would consider another job, but are not actively looking.

The Accenture study was conducted in October last year, to assess middle managers' outlook on their current job situations. A total of 156 web-based interviews were conducted by the firm in the country.

Interestingly, over half of the middle managers (53 per cent) in India feel job dissatisfaction stems primarily from insufficient pay or benefits, followed by two-in-three (40 per cent) who feel dissatisfaction is due to lack of prospects or advancement, the survey revealed.

One-third are dissatisfied due to insufficient training, inflexible work hours, the inability to balance work and life and a lack of challenge.

About 46 per cent selected insufficient compensation for one the most frustrating aspects of the job.

About two-in-five or fewer are frustrated by other areas, including: not getting credit for the work I do, increasing workload, no clear career path, inflexible work hours and insufficient training.