Article: Salary vs impact: What counts more at work now?

Employee Relations

Salary vs impact: What counts more at work now?

Impact of work, followed by work culture, and job location are the top three factors that employees value the most with their job preferences, finds latest research by
Salary vs impact: What counts more at work now?

Jobseekers are no longer fixated on the take-home amount and have started to look beyond monetary payouts to realise other factors that serve them the best.

The top three factors that employees value the most with their job preferences include impact of work, which was voted high by around 66% of respondents followed by work culture (64%), and job location (62%), finds the latest research by India’s largest job platform, conducted with over 5000 working professionals.

Interestingly, a further deep dive into these job preferences suggests that males and females have seemingly different preferences. While job location (62%) came up as the second most voted factor after quality and impact of work (66%) by female employees, males voted for work culture (65%)’ as more important than the job location. 

“Employees today value progressive factors like quality and impact of work, flexibility and work culture as they have moved beyond monetary motivations that previously dictated their switching behaviour,” said Pawan Goyal, chief business officer, said.

Quality & impact of work valued most by employees

Diving deep into what jobseekers equate with impactful work, 28% of respondents mentioned ‘recognition at work’ as the top factor. For women, getting ‘equal opportunities at work’ (31%) followed by ‘recognition at work’ (24%) whereas for men, ‘importance of their role in the business’ (19%) was the second most relevant factor. 

Here’s a quick snapshot of other factors and how employees rate them. 

Work culture is what matters to them  

Work culture, which was the second most important factor highlighted by employees, had some interesting findings. The pandemic has played a major role as employees reimagine their office and work life giving more importance to factors such as work-life balance (64%) and feeling valued at work (38%). 

Take a look at the other factors that make a company’s work culture fit with their requirements. 

‘Less travel time’ is the top priority for jobseekers 

The survey also revealed that ‘job location’ is the third most important factor for jobseekers. Out of all the reasons that make job location an important consideration for jobseekers, ‘less travel time’ came up as the No. 1 factor (36%), followed by 32% of respondents who prefer finding a job in their hometown. 

It is important to note that job location came out as the second most important factor for female employees while choosing a job. Over 41% of them felt that ‘less travel time’ is essential. 

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Topics: Employee Relations, Culture, Employee Engagement, #FutureOfWork

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