Date: 15th November 2011
November 15th 2011 - Small businesses may be losing out on the most talented employees due to concerns among jobseekers around pay and benefits, according to a new survey from Hays, the leading recruiting expert. Almost half (49%) of those surveyed believe salaries are not as competitive as at larger organisations, and over half (55%) believe smaller businesses are not able to offer as many benefits.
Despite almost three-quarters (74%) of people reporting a positive experience of working in smaller businesses, the survey found that a quarter (25%) would prefer to work for a larger organisation. Over half (52%) expressed concerns about the stability of smaller organisations.
However, respondents felt that job satisfaction and interesting work can be found in any size organisation. In addition, a number of positive factors about working for smaller businesses were also identified, such as a more hands-on approach (88%), greater responsibility (83%) and greater understanding of the business as a whole (83%). The chance to work more closely with senior people (88%) may help attract people to work in small businesses and respondents also found recognition from senior managers another benefit.
Charles Logan, Director at Hays, comments; “In the current turbulent job market it’s no surprise that workers are looking for job security. But we also know that career development is very important to most professionals and this plays a key part in their decision to leave an organisation and accept a new role. To attract the skilled and talented individuals needed to remain competitive, small businesses need to combat some of the stereotypes and ensure professionals are aware of the advantages they can offer workers looking to move their careers on.
“If they cannot compete with larger salaries or more expensive benefit schemes, they can often provide more interesting and varied work and the chance for people to work with senior people. It is these benefits that they need to sell to professionals.”
Logan continues; “Benefits need to be finely tuned to the needs of workers in smaller businesses. To counter worries about stability, smaller employers need to clearly communicate to potential recruits where their business is heading and the opportunities for future growth.”
For further information and to access jobs visit www.hays.co.uk
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About the survey
The findings are based on an online survey of over 700 jobseekers, carried out between October-November 2011.
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.
As at 30 June 2011, the Group employed 7,620 staff operating from 255 offices in 31 countries across 20 specialisms. For the year ended 30 June 2011:
- the Group reported net fees of £672 million and operating profit** of £114 million;
- the Group placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments;
- 31% of Group net fees were generated in Asia Pacific, 33% in Continental Europe & RoW (CERoW) and 36% in the United Kingdom & Ireland;
- the temporary placement business represented 54% of net fees and the permanent placement business represented 46% of net fees;
- Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the United Kingdom and the USA.
For further press information please contact:
Keir Bosley, CHA
T. 020 7580 7025
Emma Price, Hays
T. 020 7259 8821