The aftereffects of the Covid19 pandemic are still being felt across the workforce, as the significant impact it had on the way we work is still leaving employees reassessing their careers and priorities.
A recent survey that we conducted among Business Support professionals in the Built Environment revealed some interesting insights into their work experiences and future plans. Here are some of the key takeaways from the survey.
Flexible work arrangements are highly desirable but not readily available to prospective candidates
Pre pandemic, a Monday to Friday, 9-5 work arrangement was the norm and nothing to bat an eye lid at, however the pandemic forced many employees to work from home (WFH), which many enjoyed and now see as something they highly value in their work-life balance.
Fast forward a few turbulent years and now we’re looking at a post-pandemic economy where many employees are now being asked to return to the office.
Our survey showed that 53% of respondents are now in the office 5 days per week, however 77% of respondents feel more of their work can be done remotely post-pandemic.
Whilst a lot of Business Support based positions are required in the office to engage with and support the broader team, candidates are looking for some level of flexibility to work from home, even if it may only be one day every week or fortnight, and are prioritising opportunities and businesses that can provide that over those who cannot.
Culture is key
27% of respondents indicated that they are planning to make a career change in the next six months, with the top drivers for wanting to make a role and/or career change being company and team culture, career opportunities and growth, and salary.
The overwhelming sentiment coming from conversations with candidates in 2023 is that employees value a positive work culture and recognition for their efforts, as well as the flexibility to work from home on occasion.
Money Talks
Whilst 53% of respondents indicated they had seen an increase in their salary in the past 12 months, 60% of those that received an increase saw an increase of under 10% in their salary. Whilst 85% of respondents did not receive a bonus in the last financial year.
More than one in two people indicated that the low or lack of pay increase has led to them considering a career change, and almost two thirds of respondents indicated that the rising cost of living is making them more likely to look for a new job.
As a result money is currently a high factor in making a career decision.
Key Take Aways
Both our survey and recent conversations with candidates show that Business Support candidates are looking to be seen, be valued and be rewarded (either monetarily or with work-life balance flexibility, or ideally both!). With many factors pushing them to reassess their jobs and careers, those opportunities that can offer career growth, reward and balance are being put ahead of those that don’t. Employers who want to attract and/or retain top talent will need to offer more than just a competitive salary to their employees.
Now is the time to take a moment to evaluate what you can offer your staff, and what is going to put you above your competitors in this tough candidate market.
If you are interested in an assessment of your current staff benefits and salaries against the marketplace, please get in touch.