The Randstad Employer Brand Research is reputedly the world’s largest employer branding survey and is presented each year to the most attractive employer in 25 markets across the globe. The sample currently consists of 200,000+ respondents and covers 75% of the global economy.
attractiveness factors
One of the key criteria covered in the Randstad Employer Brand Research study are the attractiveness factors. This section breaks down the most important aspects that jobseekers look for when selecting a new organisation.
It is no surprise that the top 5 attractiveness factors have not changed drastically over the past few years - candidates’ expectations and motivations have remained pretty much the same every year. However a more in-depth analysis uncovered some interesting facts:
money talks
Salary has been consistently ranked the number one most important factor since the start of the Randstad Employer Brand Research. Each year, between 63% to 71% of respondents have voted salary as a Top 5 most important aspect.
work-life balance gaining traction
Work-life balance has risen significantly in terms of ranking, from 32% to 54% between 2012 and 2015 to take the second spot in the Randstad Employer Brand Research Top 10 Attractiveness Factors. According to the Bureau of Labor Statistics, Millennials are now the largest generation in the workforce. This generation of employees tend to have their own perspective of what office life should look like and our Attractiveness Factors ranking reinforces this mindset shift with the increasing focus on work-life balance
job security and company financial health deemed less attractive
The growth of Millennials in the workforce may also have led to a decreasing focus on attractiveness factors such as job security (dropped from 61% to 44%) and financial health of the organisation (dropped from 55% to 36%). This could be due to the fact that the average tenure of Millennials is typically around two years, which means they are essentially placing less importance on factors such as long term job tenure and the financial health of organisations when looking for a new job.
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about randstad employer brand research
The Randstad Employer Brand Research Award is presented each year to the most attractive employer in 26 markets across the globe. It is based on the outcome of the most representative and inclusive employer branding research in the world.The outcome of the Employer Brand Award is based on public perception and focuses on three main areas: overall brand awareness, absolute attractiveness and relative attractiveness. This creates a level playing field for all competing companies instead of giving an advantage to large multinationals with higher name recognition than smaller companies. This award is not open for nomination and the results are based solely on the opinions and votes of the local workforce – making it the only award that is truly representing ‘the people’s choice’.The 75 largest companies are selected in each participating market, usually with more than 1,000 employees. This list is presented to a representative cross section of relevant respondents based on region, age and gender. Respondents were asked to identify companies they recognize and indicate if they would like to work for them. This is then followed up with an evaluation of attractiveness factors, such as salary, benefits, work atmosphere and job content, for each of the companies.
about Randstad
The Randstad Group is a global leader in the HR services industry and specialized in solutions in the field of flexible work and human resources services. Our services range from regular temporary Staffing and permanent placements to Inhouse Services, Professionals, and HR Solutions (including Recruitment Process Outsourcing, Managed Services Programs, and outplacement). By combining our human touch with technology-driven solutions and tools, we aim to offer both clients and candidates the best tools and solutions for increased efficiency and engagement, connecting more people to more jobs. Randstad has top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Italy, Mexico, the Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, the UK, and the United States, and major positions in Australia and Japan. At year-end 2016, Randstad had 36,524 corporate employees and 4,752 branches and Inhouse locations in 39 markets around the world. In 2016, Randstad generated revenue of € 20.7 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded.
for more information about this media release, please contact:
Rena Tan
Marketing and Communications Director
Email: rena.tan@randstad.com.sg