COMP NEWS – A new study that polled over 1,000 U.S. candidates found that workers value higher compensation and richer benefits more than work-from-home flexibility.

Here are some of the results:

  • The overwhelming majority of candidates (76%) are looking to change careers/industries.
  • When asked what the top two non-negotiables are when considering a new job, salary/benefits (57%) and career advancement/upskilling opportunities (32%) were ranked highest followed by work from home opportunities (29%), stronger leadership (18%) and DEI programs (16%).
  • Faster response time from recruiters was ranked as the top way for companies to improve the candidate experience, cited by 80% of respondents.
  • Slow response time from recruiters is the top reason candidates quit applying for a job. Only 19% of candidates report hearing back from recruiters within 24 hours of applying to a job.
  • 27% of candidates said the job search/application process has become more complicated.

The study found surprising differences across gender lines, with women having a higher rate of non-negotiable stances on salary and benefits. Men, however, were more picky about the quality of leadership in roles they accepted.

  • 60% of respondents who identify as female said better salary/benefits was a non-negotiable for their next role versus 52% of males saying the same.
  • 33% of respondents who identify as female said work-from-home opportunities are non-negotiable for their next role versus 25% of males saying the same (respondents who identify as male were more likely to say strong leadership is non-negotiable than those who identify as female).
  • Respondents who identify as male were more likely to have removed themselves from consideration due to too many interviews – 20% mentioned this versus 14% of those who identify as female saying the same.

To read more about the survey, click here.

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Comp News by CompXL

Comp News is brought to you by CompXL, the flexible compensation software provider that enables mid- to large-size organizations to implement competitive pay structures such as vested stock options and variable incentive pay.

 

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CompXL is now part of the Salary.com family!

Together, we're redefining the future of compensation management.

Schedule a demo on the Salary.com website!


REQUEST A DEMO
READ THE PRESS RELEASE

CompXL is now part of the Salary.com family!

Together, we're redefining the future of compensation management.

Schedule a demo on the Salary.com website!


REQUEST A DEMO
READ THE PRESS RELEASE