New emphasis placed on benefits, career progression, company culture and
bonus based pay
TORONTO, Sept. 11, 2013 /CNW/ - Compensation isn't the single driving force for Canadians when
evaluating a job opportunity. This is a key conclusion in the inaugural
report from Hays Canada which collected data from more than 3,000 working and nonworking
Canadians in August 2013. A combination of less traditional remunerable
factors including benefits, career progression, company
culture/reputation and "new challenges" at work are defining what
success looks like.
According to the Hays report What People Want 2013 71 per cent of Canadians would accept a reduction in pay for a new job opportunity that met benefits, career progression and
company reputation expectations. Forty-three per cent are willing to take a 20 per cent reduction in base
salary for an opportunity to potentially earn more through performance based
bonuses* highlighting how many Canadians can be motivated by setting clear
challenges. Almost half (43 per cent) rank "place within the organization's
hierarchy" as more important than job title.
"The generational mix of Canadian employees is altering how we define
success at the workplace," said Rowan O'Grady, President, Hays Canada.
"We've long heard about rising interest in work life balance, but
businesses that stop there when creating employee packages will miss
the mark. In virtually every sector we're seeing that employee demands
are much more nuanced, and that traditional hallmarks of success such
as job title and salary level are being replaced by a combination of
measures that build a more rounded workplace identity."
HAYS CANADA SURVEY OF CANADIAN LABOUR FORCE - HIGHLIGHTS:
A performance related bonus is the most popular benefit that the
Canadian labour force wants added to a benefits package.
34% would accept a reduction in pay of up to 10% if offered an ideal job
- 25% would accept a 10% to 20% pay cut.
75% are unwilling to accept less vacation time as part of a new job
55% would be willing to give up flexible work options for an opportunity
that had ideal career growth, compensation and company culture.
After compensation, career growth is the second most important factor
when evaluating a new job offer.
"New challenges" are the most important factor for professional
development superseding paid-for education and internal training.
60% aspire to mid to senior levels of management, only 10% aspire to
Hays Canada's What People Want 2013 report collected data from more than 3,000 Canadian professionals, from
16 industries and 20 functional departments ranging from administration
to C-level executives. To download a free copy of visit www.hays.ca.
Hays is an international recruitment consultancy with a strong Canadian
presence with offices in Vancouver, Calgary, Toronto, Mississauga and
Ottawa. Hays has more than 150 specialized consultants offering a broad
range of corporate recruiting expertise, with particular
specializations in serving the oil and gas, Information Technology,
finance and accounting, and construction and property, and mining and
* This survey question assumed a base salary of $100, 000 with no bonus.
About Hays Canada:
Hays Specialist Recruitment Canada is a wholly owned subsidiary of Hays
plc, which has been at the forefront of the global recruitment industry
for over thirty-five years. With annual revenues of over £2.1 billion,
Hays Specialist Recruitment is the largest specialist recruitment
consultancy in the world.
SOURCE: Hays Canada
For further information: