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UK – Competitive salary and benefits make for the perfect job

15 September 2016

UK employees value a competitive salary and benefits over anything else, according to a survey of 8,100 UK employees by Randstad.

The survey shows that 22% of those polled valued a competitive salary and top-drawer benefits package more than anything else with only long-term job security (16%) coming close. Work/life balance followed with 9% and then location, work activity and atmosphere (8%).

Regionally, while most areas of the UK considered a competitive salary and benefits package to be the most important factor when picturing the perfect job, people in Wales, the North East and Northern Ireland placed the most value on long-term job security.

There was a difference in opinion across age groups, too. For people aged 25-44 and 45-65, a competitive salary and benefits package was once again the most important factor in the perfect job.  For those aged 18-24, however, a pleasant atmosphere was deemed to be most important.

“While work/life balance is increasingly important in today’s job market, for the vast majority of Brits a great pay and benefits package is still in pole position when they picture the perfect job,” Mark Bull, UK CEO of Randstad, said. “More people are actively targeting a better quality of life but at the same time it’s pretty clear that money still talks. However, there are some exceptions to the rule. The youngest UK employees are especially drawn to companies offering a pleasant working atmosphere, while people in Wales, the North East and Northern Ireland consider long-term job security to be the single most important part of the perfect job.”

“Given the pace of technological change, the modern work environment is evolving rapidly, with employers placing more and more focus on flexible and remote working in order to retain and attract talent. But companies that want to remain attractive among existing and prospective employees need to remember that the basic principles of a good wage and job security are still valued more than anything else. The best employers instinctively understand how to strike the right balance,” Bull said.