Satisfaction over salary – A positive hiring experience leaves a lasting impression on new hires

  14th May 2018      
 Accounting & Finance, Employment, Executive Search, Human Resources, IT & Software Solutions, Office & Commercial, Recruitment, Temps

According to new research conducted by job site, Indeed, the majority of UK employees do not state their pay as the main reason for motivation, as only 12% of British workers consider pay the most important factor in their jobs:

* More than half of workers would turn down a large pay rise if it meant working with people or in an environment they didn’t like

* Almost half of employees rate enjoyment or good colleagues as the most significant aspect of their job, according to the new study.

Only 12% of workers class their salary as the most important factor in their job, a long way behind enjoying the job (24%) and ‘having a good relationship’ with their colleagues (21%) as the main drivers of their job satisfaction.

A good working environment is so important to employees that more than half of the country (55%) stated they would turn down a big pay rise if it meant working with people or in an environment they did not like.

However, this doesn’t necessarily mean that UK workers are completely happy with their pay. The majority (53%) do not think they are paid ‘appropriately’ for their roles – backing up the indication that many will trade a lower salary for a job they enjoy and/or a positive working environment.

The research also highlighted that a company’s hiring process had a lasting impression on how potential new recruits perceived their working environment.

Two thirds of people (67%) would reapply for a position at a company following an outstanding interview experience, even if they were unsuccessful. Prospective employees value efficient and fast communication, with 65% stating that speed of response from the employer was the most important factor in establishing trust. This point is also backed up by the fact that 43% of jobseekers would feel undermined if a potential employer took longer than a week to respond to them.

Meanwhile, 34% of people say that they would turn down a job offer, despite a positive application and interview process, if they were told negative things about the company by people they know.

Bill Richards, UK Managing Director, Indeed, comments: “Job satisfaction or fulfilment is a complex idea to pin down, and for each person it’s invariably driven by a mix of factors. Yet it’s striking to learn that the vast majority of Britons are not motivated primarily by how much a job pays.

“Jobseekers are looking for the all round package of what a company can offer and employers should note the continuing power of word of mouth in influencing how people feel about where they work.

“Many of us spend more time at work than we do with our friends and families, so it is vital that our environment and colleagues help create a positive and stimulating atmosphere; and this is as true of how companies treat applicants as they do their existing staff.

“Employers who are more attentive from the start of the application process, both in terms of speed of response and in the detail of their communication, are far more likely to leave a positive and lasting impression on jobseekers that will in turn translate into a happier workplace.”

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