Thursday, December 15, 2005

Pay, Stronger than Caffeine

I asked a couple friends and relatives on what made them choose where they are and what will tempt them to the next job, below are some of the responses, the answers were subjective as I hadn't provided any list to choose from.I have fine tuned and categorized them for convenience.  
 More facts on the demography
* Sample Size                          : 10
* Place of residence               : Overseas ( Asian Indian working either in USA/UK)
* Age range                            : 25-35 barring one, 40+
* Industry representation        : All IT barring one, Banking(Govt.)
* Job seek status                    : Passive ( none of them are actively searching )


On factors that led them to the current employer, brand, location, overseas assignment, growth potential, stability and pay drew equal response. Variety of other reasons were given by the group which you can see below  
 
Organization          ( Brand )-  
Global Reach        (Mobility)
Future                    (Career path)
Location   
            
(Relocation ) 
Job        
               (R
esponsibilities)
Job                       (E
nvironment)
Work        
            
(Freedom)
Overseas    
          
(American dream)
Unemployed   
      
(Debt)
Perception           
 (T
reatment)
Development  
      
(Growth )
Manager  
             
(Relationship)
Stability                 (Organization)
Pay                       (Compensation )
Commute  
          
(Travel )
Team                    (People)


On factors that will tempt them to look at a prospective opportunity, an overwhelming majority chose Pay  followed by growth potential and newer & challenging work. Here are the other factors

Job                     (Innovation)
Job                    (
N
ew & challenging)
Development  
  
(Growth ) 
Pay                    (Compensation )
Work/Life           (Flexible)
Stability              (Organization
)
Brand                 (Organization
)
Position              (
H
ierarchy)
Job                     (
E
nrichment)
Balance              (
M
oney/stability)
Geography         
 (L
ocation)

Quick Inference:
Its a no brainer -  Pay  still leads the pack   and has the ability to wake passive seekers,  followed closely by opportunity for growth and development.

1 comment:

Navnita said...

For all our evolution, the bottomline still seems to be money rules, is it? Not surprising..
Intersting analysis Rajnish.