Saturday, November 23, 2019

Employees value compensation, fair treatment the most

Employees value compensation, fair treatment the mostEmployees value compensation, fair treatment the mostEmployees value fair pay the most in a job, according to a new Clutch survey of 540 employees from different businesses, calledWhat Do Employees Value Most in Their Job? 55% of respondents ranked fair compensation as the attribute they valued most in an employer. Fair treatment was almost as important at 54%. Coming in third was ethical standards at 38%.Lori Goler, Facebooks head of People, wrote along with several others in the Harvard Business Review that after surveying their workers twice a year, the three main values that came up were career, community, and cause similar to the results of this survey. Community is close to fair treatment, with Goler describing community as feeling respected, cared about, and recognized by others.More on the scale of whats valued38% that the company maintain ethical standards29% that the company be profitable and growing24% that the company make the world a better placeOlder workers value fair pay the most, Millennials care about valuesCompensation was found to be the most important value amongst all ages. Still, when the age groups were broken out, Millennials were found to value compensation the most at 29%, less than Gen Xers (32%), and far below Baby Boomers (42%).Conversely, 14% of Millennials cared about their workplace making the world a better place, compared with 4% of baby boomers.The survey points to the Deloitte 2016 Millennial Survey for confirmation, which also found that salary trumped all, including a companys social impact.The takeawaySalary is king, unsurprisingly otherrecent research by Accutemps also found that salary was the most important consideration for employees. Another survey said that 52% of employees said a higher salary was needed for them to remain at their company.But benefits and work-life balance is also important data from Glassdoor suggested that attractive benefits and perks (48%) and an easy commute (47%) just edged out salary (46%).That said, it should be no surprise that fair treatment is right behind it in a time where sexual discrimination, racial discrimination, pregnancy/maternity discrimination, and sexual harassment all issues that ultimately influence pay, promotions, or even the right to keep your job are in the news and being talked about widely.

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