Company values are now a dealbreaker for jobseekers

Date Published: 10/05/2023 14:05

Future Life Wealth Management has always – and will always – place a premium on our company values. Here, our director of operations Keeley Woodcock shines a spotlight on the benefits this can frequently yield...

WHEN you’re looking for a new job, you’re not just basing your decisions on the job description and salary.

You might be thinking of other factors too, such as your work-life balance, opportunities for progression and if you can work flexibly.

But another issue that’s increasingly driving people’s choices is whether or not a business shares their morals and views…

In fact, a new study by LinkedIn reveals that nearly three-fifths (58 per cent) of people in the UK wouldn’t work for a company that doesn’t share their values, and more than half wouldn’t do so even if they were offered a higher salary.

Significantly, this view is particularly common among younger adults, as nine in ten Gen-Z and millennial workers said they would leave a job to work somewhere that’s a better fit with their values.

Meanwhile, nearly three-fifths said compatibility with their values is a dealbreaker when choosing a role.

This backs up the findings of a separate study by Amba, which showed that 58 per cent of employees are thinking of quitting their jobs over the next year because their employer has different values to them.

Almost half of those polled said they believe their current employer doesn’t share their values, while nearly two-thirds are currently looking to work for a business that reflects their beliefs.

So as a business owner and employer who wants to both attract and retain top talent in your industry, what does this mean for you?

Well, it means that you have to not only create a company culture and ethos that is attractive to potential candidates, but also actively promote it as part of your recruitment process.

According to the LinkedIn study, job adverts that highlight values such as workplace culture, employee wellbeing and flexible working attract almost twice as many applications as they did two years ago.

This suggests that talking up this element of the role you’re hiring for could help you spread your net more widely and consider a much broader range of candidates as you look to fill a position.

At the same time, actively seeking candidates who would be a good cultural fit for your business could increase your chances of holding on to them for longer.

That can, in turn, help you spend far less on recruitment and training in the future, and potentially create future leaders for your business.

Furthermore, creating, embracing and promoting your company culture could help to boost your reputation as an employer, firmly establishing it as a great place to work and develop your career.

Seismic events in recent years such as the pandemic have led to many of us, especially young people, to ask searching questions about what we want from life.

So while salary is still undeniably important to jobseekers, it is by no means the only key issue that they are looking at – and if you want to attract the best people, you have to respond accordingly.

As Ngaire Moyes of LinkedIn says: “In today’s tight labour market, companies competing for talent need to not only be vocal about the values of their organisation, but truly live by them too.”

To speak to a member of the Future Life Wealth Management team ring 01246 435996 or click HERE.

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