Knowledge Center / Blog
Raising Wages is a Temporary Solution
When looking to fill a position, employers often look for that one candidate that stands out from the rest and has the experience to fulfill the job description. Employees are no different—they are looking for that one job that will allow them to flourish professionally and that they can easily integrate into their life.
When it comes down to it, employees want to be paid well, but how does your company compare against your competition’s culture, flexibility, and corporate social responsibility?
A positive workplace culture attracts talent, promotes engagement, impacts happiness and satisfaction, and affects performance. The personality of your business is influenced by everything from leadership, management, workplace practices, policies to people. Building and maintaining a great culture requires leaders who are committed enough to devote time and attention to an effort that never ends.
A work culture that allows for flexibility ensures that employees can do their jobs by reducing various forms of external stress, but it does not have to be at your expense. Employers can promote a flexible work culture and implement performance metrics that allow them to hold people accountable for not meeting expectations, so long as employees are held to the same metrics as everyone else.
According to Deloitte’s 2021 Millennial and Gen Z Survey, the modern workforce prioritizes culture, diversity, and high impact over financial benefits. An estimated 44% of millennials and 49% of Gen Zers rely on their personal ethics in determining the type of work and companies they’d join. Employees want to know that the work they are doing, and the company they are doing it for, has real purpose and impact when it comes to social responsibility.
As an employer, this may mean that you analyze your current initiatives and determine if this promotes your work culture. Or you develop initiatives that ensure your business practices social responsibility which could result in new talent, employee engagement and overall employee satisfaction. Reach out to The Employer Group to see how we can support you by emailing firstname.lastname@example.org.