Employees prefer faster growth over pay: survey

Employees value growth more than compensation when it comes to choosing an organisation, according to a survey by headhunting firm Executive Access.

According to the survey of over 500 employees working in more than 50 companies, jobs which offer faster growth are preferred by employees across various executive levels.

The survey revealed that employees across senior, middle and junior levels give the highest weightage of over 20 per cent to "growth and learning opportunities" among the other parameters considered while choosing an organisation.

According to the survey, financial compensation is rated differently by employees at various levels when it comes to joining a new company.

Employees in junior management rate compensation as the second-most important attribute of a job, whereas for both middle and top management executives, financial compensation comes at fourth place in their list of joining criteria.

"The survey clearly indicates what the corporates need to do to hire and retain talent across the different levels. In today's scenario, employees look out for as much learning as possible which he/she can leverage in real time," Executive Access Managing Director Ronesh Puri said.

"If an organisation is open to inculcating in-house training, the lesser are chances of facing attrition," Puri added.

The other parameters which an employee considers when choosing a job include entrepreneurial freedom, the culture of the company, business profitability and the security and stability of the job.

Interestingly, the survey shows that safety and security of a job is not high on the list of employee concerns when they think about joining a company.