What matters most to jobseekers in 2024?
What matters most to jobseekers in 2024?
What are jobseekers’ deal-makers and deal-breakers when it comes to work? We’ve dived into the numbers to uncover what you should offer to not only attract but also retain the best. Let’s get into it:
1. Flexibility
The most important thing that jobseekers are searching for from a role is flexibility. A Talent poll revealed that flexibility is the most important thing candidates are seeking, even beating out salary. Flexible work is so important that another survey revealed that 45% of employees would be willing to take a pay cut in exchange for remote work. With flex work a non-negotiable, ensure this is on the table if you want to secure top talent.
Don’t forget, flex work isn’t just about working from home. It can be provided in the way of compressed work weeks, job sharing, flexible start and end times and a whole heap more. Talent People & Culture Lead, Georgia Townsend comments “It’s not as simple as flexible working or not flexible working—the debate is constantly evolving far beyond a yes or no question. What we’ve found is the best way to get the most out of everyone and to keep our culture alive, is to truly understand what drives our people. The magic answer is that not one size fits all.” Uncover the latest in the flex work landscape in our blog “Behind the headlines: What’s really happening with flexibility”.
2. A competitive salary
Money matters to jobseekers, however, expectations vary across the globe when it comes to the cash. In the US, the tech market is full of opportunity, seeing strong competition and high salaries for skilled tech professionals. Across Australia and New Zealand, however, salary expectations are shifting as the market changes. Where candidates were demanding significant rates during 2021-22, the market is starting to stabilise, and rates are beginning to correct themselves – largely due to recent layoffs and a slow in hiring. As a result, Taliya Lukeman, Talent Adelaide recruitment expert notes that, “Candidates are much more open to seriously negotiating their salaries because they can see how tough the market is post-COVID.”
Discover more about salary expectations in our More Than Money Salary Guide 2024.
3. Opportunities for progression
Candidates are seeking to work on projects that matter and are looking for opportunities for growth – so much so that it could be a determining factor when it comes to the roles they accept. A Talent survey of over 500 tech professionals revealed that the opportunity for exciting and meaningful work matters to 85% of respondents, alongside the opportunity for career progression and development, which matters most to almost half (48%) of respondents when looking for a job. Talent Adelaide recruitment expert, Taliya Lukeman, observes that when sourcing candidates “There are more questions around progression and what that looks like for a candidate. We are finding that employers who have a clear roadmap in place for providing professional development for new hires are securing great talent. Longevity and variety are at the forefront of candidates’ minds when deciding on new work.” Ensure you’re offering your people an opportunity to engage in valuable work that will progress their career, and make sure their advancement journey is visible from the get-go, so they know that there is a future with your organisation.
4. A positive company culture
Candidates are seeking out a positive culture in the companies they decide to work for. A Talent survey revealed that a positive company culture matters most to 76% of tech candidates when looking for a job. Ensuring that you are creating a positive workspace, listening to your team members, and nurturing your people can go a long way in attracting and retaining top talent. However, this isn’t something that should only be reserved for your permanent employees. Your contingent workforce is also seeking out a positive working culture and connection with your permanent teams. Ensure you’re delivering on this and you’ll have a leg up in attracting and retaining the best. Talent People & Culture Advisor, Brandon De Souza, shares that “company culture is incredibly important as it has such a widespread impact on a business, studies show that a strong culture leads to higher retention rates and improved business performance. It should be built on strong foundations and is the responsibility of everyone, not just one team. Having a company that is built on transparency, trust and diversity is a solid start for any business.”
5. A DEIB commitment
A Deloitte survey of 1,300 full-time employees found that 80% of respondents see inclusion as an important factor when choosing a new employer. If you’re seeking to attract top candidates and keep them on board, DEIB should be on your priority list. A diverse working culture also statistically increases job satisfaction for employees, and improves levels of trust. The happier your people are, the more likely they’ll stay – helping solidify your teams and increase staff retention.
Deliver on these candidate expectations and you’ll be one step closer to attracting high-performing talent – and keeping them by you for the long haul.
So, are you ready to start building world-class teams? We can help. At Talent, we’ve placed thousands of professionals across almost every sector to the world’s leading companies. Get in touch to see how we can help you source the best of the best, helping you take your company to new heights.