Employees value fair pay the most in a job, according to a new Clutch survey of 540 employees from different businesses, called What Do Employees Value Most in Their Job? – 55% of respondents ranked fair compensation as the attribute they valued most in an employer. Fair treatment was almost as important at 54%. Coming in third was ethical standards at 38%.
Lori Goler, Facebook’s head of People, wrote along with several others in the Harvard Business Review that after surveying their workers twice a year, the three main values that came up were “career, community, and cause” – similar to the results of this survey. “Community” is close to “fair treatment,” with Goler describing community as “feeling respected, cared about, and recognized by others.”
More on the scale of what’s valued
- 38%: that the company maintain ethical standards
- 29%: that the company be profitable and growing
- 24% that the company make the world a better place
Older workers value fair pay the most, Millennials care about values
Compensation was found to be the most important value amongst all ages. Still, when the age groups were broken out, Millennials were found to value compensation the most at 29%, less than Gen Xers (32%), and far below Baby Boomers (42%).
Conversely, 14% of Millennials cared about their workplace making the world a better place, compared with 4% of baby boomers.
The survey points to the Deloitte 2016 Millennial Survey for confirmation, which also found that salary trumped all, including a company’s “social impact.”
Salary is king, unsurprisingly – other recent research by Accutemps also found that salary was the most important consideration for employees. Another survey said that 52% of employees said a higher salary was needed for them to remain at their company.
But benefits and work-life balance is also important: data from Glassdoor suggested that “attractive benefits and perks” (48%) and an easy commute (47%) just edged out salary (46%).
That said, it should be no surprise that “fair treatment” is right behind it in a time where sexual discrimination, racial discrimination, pregnancy/maternity discrimination, and sexual harassment – all issues that ultimately influence pay, promotions, or even the right to keep your job – are in the news and being talked about widely.