Engineering graduates in Hyderabad are open to taking up jobs in Small and Medium Enterprises (SMEs), according to survey findings of the TMI Group, a leading HR and recruitment services firm. 98.4% of engineering graduates surveyed are willing to work in the SME sector. This trend is welcoming in the backdrop of growing dearth of talent in the sector. The survey also reveals some interesting facts about factors guiding the job decisions of the graduates.
90.8% of the respondents said that they believe SMEs are good places to work. They said that in SMEs, employees have work-life balance, make friendly work-culture and grow fast in their careers.
53.96% respondents said that large companies are good places to work. They believe that large companies provide better benefits, structured growth opportunities and professional work culture.
44.8% feel that both large companies and SMEs are good options and come with their pros and cons. Surprisingly, 46% of respondents think that large companies are not good workplaces. Unhealthy competition, lack of job security and long working hours are the reasons why they believe so.
Fig 1: Beliefs about the workplace
Fig 2: Benefits of smaller companies (% of respondents who think SMEs are good workplaces)
Fig 3: Benefits of large companies (% of respondents who think large companies are good workplaces)
Fig 4: Benefits of large companies (% of respondents who think large companies are good workplaces)
Jobseekers value a challenging opportunity the most when deciding whether or not to accept a job. 23% consider challenging responsibilities as the top reason to take up a job. 22% consider brand name of the company as the top reason accept a job. Proximity to home is third on the list with 16% respondents see it first in the list guiding their decision.
Fig 5: Reasons to accept a job
Sharing perspective on the survey findings, T. Muralidharan, Executive Chairman, TMI Group said “The findings come as a relief given the number of engineering graduates adding to the pool of jobseekers every year and recruitment in large companies falling drastically. This is the right time for SMEs to highlight the advantages of working with the SME sector and benefits they provide to their employees, and grab their due share of talent, finally putting an end to their talent woes.”
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