According to a recent survey, for the first time in recent history, money is taking a back seat to the opportunity for career growth.
Now ranked number one on the list of the most important factors when searching for new job opportunities is career growth. It has surpassed prior priorities, including compensation, healthcare, and retirement benefits, among others. This is especially the case for younger workers, while unemployed individuals are not as likely to prioritize the possibility for career growth.
Is It Across the Board?
For individuals who lost their jobs in the prior 12 months; however, only about 17 percent stated that money was the reason they looked for something new. Additionally, men are much more likely than women to think about growth in a company and consider it a crucial factor when looking for new job opportunities. Women tend to place a higher amount of value on remote work opportunities and flexible hours.
It’s a good idea for talent professionals to consider how continuous career development opportunities may help them retain a job seeker who is looking for a path forward. It is worth remembering that self-guided learning and collaborative learning always resonates with new talent.
What About Benefits?
While the possibility for career development is becoming increasingly important, a survey has also indicated that there are some “essential” traditional benefits, health plans, 401(k) programs, and 401(k) matching that job seekers want. Benefits that are slightly less critical on this essential list include remote work, casual dress code, parental leave, stipends, and bonuses.
What Else Have We Learned?
Additional key findings of this survey included:
45 percent of all job seekers stated it is more difficult to find a job than in previous years, but 20 percent more job seekers also stated it is easier to find work.
Over 59 percent of people in the survey who are currently working part-time stated they are looking for a full-time position and are considered “employed.”
Workers who are employed can utilize professional networks to find new opportunities versus those who are unemployed.
Candidates that opt to drop out during the application process are most likely to do this after having an in-person interview.
29 percent of workers who opted to leave a job within the first 90-day period stated it was because the day-to-day responsibilities were not what they expected.
64 percent of all workers who received a text message after having applied for a job preferred this type of communication over a phone call or email.
Find The Talent With The Information
The job search can be challenging for anyone. Understanding what job candidates are looking for can help companies and organizations find the talent they need to grow and prosper their business. By understanding the information here, companies know exactly what job seekers are looking for, and they can ensure they are offering the most appealing benefits that bring them top talent.
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