Career Growth wins over Salary in Retention of Employees

Career Growth wins over Salary in Retention of Employees

Career growth scores over compensation and benefits when it comes to the biggest reason an employee would work for a particular company.

According to an online poll when TimesJobs asked job seekers this question the biggest reason for most respondents came out to be the prospect of career growth in a company.

 

The poll results were as follows:

1) 35 per cent of the respondents said the steps taken by a company to help develop their career would be the biggest reason for joining that organisation.

2) 24 per cent respondents said salary was the biggest reason on which they will decide to work for a particular company.

3) 21 per cent of the respondents rated work culture as their biggest reason for picking an employer.

4) 20 per cent polled in favour of job security as the top reason for working in a company – showing a diminishing interest in public sector or government jobs.

 

The poll shows that job seekers are not as bothered about job security as parameters such as salary and work culture in contrast to the results of the TimesJobs.com poll from mid-2012 when 30 per cent of the job seekers cited job security as the prime reason for going job hunting.
The new poll shows, how job seekers see a company as an employer matters more than ever today.
Thus today we don’t have to create an employer brand- Career Growth that is offered to the employees would ultimately result in brand recognition.

 

Read more at The Economics Times