It’s a Candidate’s Market – 3 Things Top Talent Looks for When Choosing the Right Company
Our mission at CFO Alliance, is to help our clients grow and prosper. One of the ways we ensure you and your business prosper is by helping your business attract and retain top talent. Unemployment rate is low, and we are in a candidate’s market. In the past year, the number of employed individuals has risen by nearly 60 thousand jobs.
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We are in a special position where our financial recruiting experts screen and interview top financial candidates for our firm and our clients. During our conversations with some of the best candidates in the market right now, three things continue to stand out. Today’s candidates are looking for much more than job security. Since unemployment is low, even workers who appear content with their jobs are looking for options that might move their experience from contentment to ecstatic. Today’s candidates can search for and find that unicorn employer who fulfills all their key requirements what we refer to as the Three Cs: Culture – Compensation – Commute.
Job hopping has become increasingly more and more common, especially with the younger workforce. Company culture is a key driving force behind an employee’s choice to search for a new role. We spend one-third of our lives at the office and candidates desire to ensure that the company’s culture, and core values align with their core values.
The way leadership and peers treat an employee plays a substantial part in the individual’s decision-making process. Candidates want to know that they will be part of a team that achieves great things, not just a faceless number.
Today’s candidates are looking for compensation beyond just pay. Unlimited PTO, four-day workweeks, and extended maternity/paternity leave are examples of compensation that businesses use to win the stronger candidates. It’s not uncommon for top talent to leave due to a lack of maternity or paternity benefits. Those companies who go above and beyond with additional creative compensation benefits attract top talent.
On average, we spend nine days commuting to and from work every year. Candidates prefer a short commute to allow them to maintain a healthy work-life balance. In cases where a short commute is not possible, remote working options are a great perk that top talent finds appealing.
Employees who feel they have a good work-life balance are 31% more productive than those that do not. Commute and remote working options are a great way to ensure candidates can achieve this healthy balance.
Find The Right Talent
Finding the right financial candidate for your business can be a costly, challenging experience. You need someone who understands your business, your team, and your vision for the future so that you can soar. If you are an employer and are looking to hire a new team member, contact us today and let us find the right candidates for your business.