What Workers Want
22 June 2017
Recruitment and Human Resources firm, Hays, recently conducted a survey of candidates and clients across the UK. Over 14,000 people were surveyed across twenty different sectors of industry. The research was largely based around one simple question: What Do Workers Want?
It might sound like a loaded question. Could it lead to unrest, demands for more pay, resignations? Actually, a lot of their respondents were looking for the simple things in life in order to make their day-to-day more pleasant and rewarding. Since we spend the bulk of our week at our workstations, it comes as no surprise that we are all looking for somewhere with a good atmosphere and job satisfaction – no matter what stage of our career we are at.
Hays revealed that 65% of employers are planning to recruit this year. On the flipside of that, 67% of employees are open to moving jobs. Their survey revealed that a staggering 40% of us are dissatisfied in our current roles (be that because of a lengthy commute, culture mismatch, lack of career progression or a job not living up to its initial promise).
They stated that all working professionals want ‘the total package’. What is that? Well, Hays broke it down into four main categories: Pay, culture, career progression and benefits.
So, let’s take a look at each of those.
Approximately 45% of those surveyed said that their salary would be the most important factor when it came to changing jobs. However, Millennials consider pay less important than Generation X and the Baby Boomers. Of the Millennials surveyed, they were more likely to be motivated by performance related financial rewards such as monthly or quarterly bonuses.
An unprecedented 61% of those surveyed said that a company’s diversity policy was important to them – so it’s best to highlight yours. Culture ranked second only to pay as an influential factor in a job move. Most people want to work for a company whose atmosphere and values reflect their own. Culture, of course, is subjective, so be honest and communicate clearly what type of working environment your business is. 62% of people said they would take a pay cut to find a better culture fit with an improved work/life balance – underlining how important culture is.
This doesn’t necessarily mean employees expect an accelerated promotion. Career progression is more about ongoing training and development. Employees like to know that an employer is investing in their future. Of those surveyed, 78% described themselves as ambitious, whilst 83% would decline a job offer if there was no scope for progression.
Around 12% of respondents said that a company’s benefits package could influence their decision to move. Perks such as extra annual leave, parking spaces and gym memberships are seen as lucrative and appealing. Additional things such as professional development and wellbeing also ranked really highly, with flexitime being the most sought after benefit. Candidates now expect the vast majority of these ‘extras’ as standard. If candidates don’t see what they are looking for with your business, they will look elsewhere, so advertise your work perks clearly.
What can employers and employees learn from this? Communicating clear what you want as a candidate and as a hiring manager is key. Clearly defining your expectations about a role, from the outset, is the way to securing workers who are willing to stay long-term.
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Written By Mary Palmer