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Salary beats security for UK's workforce

Written by Adam Pescod on Tuesday, 02 April 2013. Posted in Engagement, People

New figures show that that the size of a pay cheque is again more important than staying in a job for the long-term

Salary beats security for UK's workforce

Contrary to what Jessie J may tell you, it would seem that it is indeed very much about the money, especially where Britain’s workers are concerned.

According to new research from recruitment consultants Randstad, a competitive pay and benefits package is once again the most important thing for job-hunters.

Meanwhile, job security, which has topped the pile of what people want from a prospective employer for the past three years, has dropped to third in the pecking order.

The new figures show us that 18% of people value a competitive salary and employee benefits above anything else – this figure was 11% in 2012 and 12% in 2012.

However, only 16% of respondents now say long-term job security is the most important factor when choosing a company to work for – down from 27% last year.

It is thought that these new stats are reflective of a general improvement in the UK job market over the last year. Nevertheless, additional research showed that job and pay satisfaction levels varied significantly across different sectors.

Whilst 96% of people working in utilities are happy with their jobs and 62% happy with their pay, accountants are distinctly less satisfied bunch, with the figures standing at a respective 42% and 35%.

Mark Bull, Randstad's UK CEO, said: "2012 was a tough year for the job market with confidence falling even further than in 2011. That was reflected in people’s priorities – salary packages weren’t as important to potential employees as the financial health of a business.

“Over the course of the last twelve months, that’s changed dramatically and the UK’s workforce appears much more bullish." 

About the Author

Adam Pescod

Adam Pescod

EB's former editor, Pescod was tasked with ensuring these hallowed pages are rich with excellent, engaging and error-free stories, all written with the entrepreneur in mind. Pescod previously plied his trade penning pieces about pubs and pints. He is also a sucker for alliteration. 

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