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98% engn grads prefer SMEs to large firms for better work-life balance

Hyderabad, March 22 (KNN) Ninety Eight per cent of  engineering graduates are open to taking up jobs in Small and Medium Enterprises (SMEs), according to a survey  by HR and recruitment services firm Talent Management Institute or TMI conducted in the twin cities of Hyderabad and Secunderabad.

The survey was conducted by TMI Group, of 328 engineering graduates based.

The respondents were B.E/ B.Tech graduates from across engineering streams and with 0-5 years of work experience.

As many as, 90.8 per cent 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.

However, over 53 per cent said that large companies are good places to work. They believe that large companies provide better benefits, structured growth opportunities and professional work culture.

Over 44 per cent feel that both large companies and SMEs are good options and come with their pros and cons. Surprisingly, 46 per cent 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.

Job seekers value a challenging opportunity the most when deciding whether or not to accept a job. 23 per cent consider challenging responsibilities as the top reason to take up a job. 22 per cent consider brand name of the company as the top reason accept a job.  Proximity to home is third on the list with 16 per cent respondents see it first in the list guiding their decision.

"The findings come as a relief given the number of engineering graduates getting added to the pool of jobseekers every year and recruitments in large companies falling drastically,” T Muralidharan, executive chairman, TMI Group said in a statement.

“This is the right time for SMEs to highlight the advantages of working with the sector and the benefits they can provide to their employees,” he added.