Every year 24 Seven conducts a job market study that helps us deliver valuable insights to our candidates and clients. Our position papers, Toolkits, and #AskARecruiter series are inspired by our findings. In our most recent report, we were interested to learn how employees assess the ideal workplace. Respondents said the following dimensions mattered most: a work environment that offered a reasonable salary, perks and benefits, career growth, great company culture, a trustworthy relationship between the employer and its employees, work/life balance, and professional development.
With 2018 soon upon us, we want to know, do you agree? Is this really what your ideal workplace looks like? If so, drop us a line in the comments below!
“My salary is just right”
In our 2017 Job Market Report, 81% of workers reported a higher salary would make or break their perception of the workplace as ideal. If employers can’t pay, employees might not stick around too long.
Employees who said their workplace was ideal also felt their company’s financial performance was transparent. Perhaps, more company revenue = more job stability for employees. And considering it is a candidate’s market, if you’re thinking about switching jobs due to an unsatisfactory salary, now is the time to do so since the odds are in your favor.
“My company offers great perks & benefits”
Traditional benefits are consistently at the top of the employee checklist. Workers want to know that they’re well taken care of in the case of an accident, family emergency, and/or when they go to retire.
This year 78% of employees sited traditional benefits as critical to a company being perceived as ideal. Employees also said unconventional office perks were an additional bonus. When companies came up short on compensation, perks like gym memberships, free meals, commuter reimbursement, and unlimited PTO, could help make up the difference.
“I have plenty of opportunities to grow in my career”
Professional career advancement was the next dimension sited. 74% of those surveyed said career progression/advancement opportunity was a driving factor in their overall engagement. Workers who found the ideal workplace have a clearer sense than most about what their potential career path options are.
This growth goes beyond getting an annual promotion. Whether it’s climbing up the corporate ladder, taking on more responsibility, or making a lateral move within the company to gain valuable, additional experience, these employees have options.
“I fit right in with my team’s culture”
Culture comes in at a close 4th, with 72% of workers seeking a professional culture match. We’ve seen year after year how vital culture fit is to employee engagement and happiness. When an employee feels like they mesh with their company and team they may even feel satisfied when salary requirements aren’t met because they feel they matter, get along with their immediate team(s), and are contributing to something meaningful.
Our recruiters compare staffing to professional matchmaking. And it’s unlikely you’ll find the right cultural fit on the first interview but that’s what 24 Seven is here for!
“My company nurtures a trustworthy relationship with its employees”
What does the ideal company/employee relationship look like? Our survey respondents want a relationship built on trust and transparency. Whether it’s career path transparency or open communication regarding changes to company policy, employees want to know what’s going on from the top down. On the flip side employees also want to feel heard on issues that matter to them most.
“My company is committed to helping employees achieve work/life balance”
65% of employees said an ideal workplace was one in which the employer demonstrates a commitment to employee work/life balance. Flexibility is always an important goal to employees participating in our job market research. In this year’s Job Market Report we found that more employees felt empowered to working remotely, and that they felt more productive when they were doing so. Yet few companies encourage it. Only 25% of workers said their employers give them the freedom to work when and where they want.
“I appreciate my company’s level of communication & transparency”
Employees who cited communication level and transparency as key to an ideal workplace, feel expectations, policies and procedures, etc. are shared thoroughly and respectfully. 64% of employees felt communication and transparency were key. These workers don’t question their company’s values and what they stand for because it has already been clearly communicated and honored day in and day out.
“My company offers professional development to keep my skills sharp”
Lastly, this year workers craved professional development. Employees who feel they are continually growing professionally are extremely engaged. Out of the extremely engaged employees, 58% of them said their company offers professional development opportunities to keep their skills sharp. These opportunities might range from in-house training to attending outside conferences or trade shows, or pursuing higher education.
While these dimensions of the ideal workplace were the most popular among our recent survey participants, finding the exact right blend will vary from individual to individual.
What career insight do you want to know? Take our survey and tell us your thoughts for 2018!
Written by: Brittany Johnston