Indian Americans are less stressed at the workplace than they were at jobs in their homeland, a new survey has concluded. According to a recent survey of nearly 500 people of Indian origin living in the United States who send money back to their home, by international money transfer firm Transfast published Oct. 21, not only do Indian Americans feel less stressed, they believe they are overqualified for their U.S.-based jobs.
Despite the latter, the Indian Americans surveyed still say that the United States is the land of opportunity. The majority also says they plan to retire in India. Roughly 83 percent of those surveyed claim to have more skills than what their job requires, with 62 percent saying the U.S. workplace is less stressful from what they experienced in India.
The survey also revealed that though 64 percent feel they earn what they expected to make, about 61 percent said they work longer hours in order to reach that income – with 60 percent saying they work more than 40 hours a week. Just 39 percent claim to work less than expected, according to the Transfast survey. It added that 83 percent agree the jobs in the U.S. offer more opportunities for growth than in India.
“People who come here for work are playing vital economic roles by contributing to the U.S. economy and also adding to the GDP of their home country when they send money back to family and friends,” Transfast CEO Samish Kumar said in a statement. “To Transfast, the survey results show that our mission of always providing great value for your money plays a role in helping our customers succeed, because, when you’re working long hours, every dollar saved matters.”
When sending money to India, 90 percent of those surveyed said they ship money to family; 31 percent said they send their money to a personal bank account; and 10 percent said they have sent money to a real estate investment and friends. Transfast took its survey to another level. After receiving the data from Indian Americans, they conducted the same survey for immigrants of all nationalities living in the U.S.
Where most Indian Americans felt the U.S. workplace was less stressful, 72 percent in the second survey of all nationalities said the U.S. workplace was more stressful. In addition, only 37 percent in the second survey said they earned what they expected, 27 percent less than the Indian American respondents.
And in terms of retirement, Indian Americans responded with 55 percent saying they expect to retire in India. In the second survey, however, only 18 percent of the respondents said they plan to retire in their home countries.