Nearly 6 out of 10 managers looking to leave jobs; workplace benefits critical to retention: Report

economictimes.indiatimes.com:

Here’s the irony: about 81% of leaders surveyed in The Grand Manager and Workplace Report by upGrad-led online learning platform Harappa say that managers are indispensable to achieving financial objectives, deploying strategy and driving success. Yet, managers aren’t happy. The main reasons contributing to this frustration are career stagnation (73%), lack of recognition (71%), and feeling overworked (68%), says the survey that draws insights from over 3800 managers (including early and seasoned) in Corporate India, and focuses on the aspirations, burdens, and challenges faced by managers in India. Additionally, 250 individual contributors, 250 HR professional and 500 senior leaders were also surveyed. 81% of managers look at monetary incentives as key to staying motivated, the report found. About 57% also seek autonomy to make decisions at the workplace and 52% would like public recognition for the work they do. Other wants, lower in the pecking order, include purposeful work, career advancement opportunities, building networks and impacting lives. 74% managers say they want to be trained to perform in this role.

Quiet promotion and its implications on your career

Early managers feel frustrated about earning reportee trust (86%), while individual contributors feel underappreciated (79%) by their managers. Increased burnout and managing different workstyles are challenges faced by both early as well as seasoned managers. Experienced managers also struggle to achieve desired outcomes (66%). HR professionals and senior leaders surveyed were also found to be ambivalent about managers – even where they have nurtured, hired and promoted them. Less than half the HR professionals surveyed felt that