It is not just about money anymore Jobseekers want benefits, incentives
managers, and even top management – when selecting an organization to work for.
The survey showed that the salary factor has slid as second foremost motivator for most job seekers, especially the youth.
Notably, the salary factor was further relegated to the third position for employees already handling top job positions.
Aside from benefits, employees in the junior executive and supervisory level also look for generous salary and a strong support and training and development program from employers, which they think are being provided by these top companies.
Support and training/learning and development opportunities ranked third main factor, especially for fresh graduates.
For fresh graduates, the company’s ability to provide support and training/ learning and development opportunities is their primary consideration in wanting to work for top companies, with benefits as the secondary reason, and salary only coming in at third.
Company reputation ranked fourth as jobseekers put importance to companies that provide sense of pride and accomplishments to employees. This is particularly important for those in top position levels, the survey showed.
"Prestige and stability of a top company is attractive to managers," the survey stated.
This is particularly important for top-tier executives such as directors, vicepresidents and CEOs.
It should also be noted that as employees go up the corporate ladder, other factors are given more consideration.
While the triumvirate of benefits, salary, and training and development programs are the three most important reasons for a company’s desirability for younger employees, managers also prefer companies that have a solid standing and reputation.
Completing the top five factors is work environment and culture.
"When work becomes easier and meaningful because work flow and processes are align with the company culture, this makes employees driven and focused so they attain high targets," said Buyco.
For those in the highest position level such as directors, vice presidents, and CEO’s, benefits, incentives and salary are nearly as important as the work environment and culture of the company.
As many employees admit that a clash of cultures and values made them leave their previous jobs, it is reinforcing to see employees of these top companies indeed find their culture match where they work.
This year’s survey was conducted in March, 2015 was participated in by a total of 4,157 JobStreet.com candidates active for the last six months. Participants identified more than 1,300 companies across the country.
The objective of the study was to get the public’s pulse as to which companies they aspire to be part of. The study also hopes to motivate jobseekers by giving them an inside look into these companies from the employees’ perspectives. It also seeks to inspire other employers by letting them know what these top companies are doing right.