Hibob investigates why 69% of candidates would turn down a high-wage position

Transformative HR tech platform focused on high-growth company employee engagement, Hibob, has revealed the results of its most recent survey on culture in the workplace. 

The survey showed that in this tight labor market, a high salary is not enough as 69% of candidates will reconsider an offer if current employees do not seem happy in their roles. The report also indicates what is effective in driving candidates to accept job offers, what is making them think twice about accepting an offer, and how candidates are researching potential employers.

“Poor culture and employee dissatisfaction are driving away more than two-thirds of candidates. In order to thrive in today's quitting economy, companies must create workplace experiences designed to retain today’s workforce by promoting a clear work/life balance,” said Ronni Zehavi, CEO of Hibob. “While popular trends in perks have come and gone, culture and opportunity are key drivers of employee happiness and support collaboration and productivity. At Hibob, we give managers the tools they need to build strong cultural foundations, which our latest survey shows is vital to employee retention.”

What Employees Want

With more than 50% of today’s workers dissatisfied with their current jobs, companies must cater their offerings to the needs of modern workers in addition to offering a competitive salary. Clear opportunities for growth and a strong corporate culture are top priorities for job seekers: 56% of employees rank opportunities for growth as more important than salary, underscored by the fact that only 25% of employees left their previous role because they felt underpaid. Also, 77% of employees feel corporate culture is extremely important.

Read more here.

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