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Talent Attraction Study: What Matters to the Modern Candidate

Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

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Page 1: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

Talent Attraction Study:

What Matters to theModern Candidate

Page 2: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

All content © Indeed Inc. 2015

Research reveals the job search never ends

Tara M. Sinclair, PhDChief Economist, Indeed

Page 3: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

The modern workforce actively seeks opportunity

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92% of employed adults hired within the past year took an action to find a job six months prior to being hired.

Only 8% received a job offer without looking at all.

Actions taken 6 months prior to current job among the 92% hired in the past year

Looked at job opportunities on company career websites

38% Looked at job opportunities on online job boards

27%

Visited an online job site

44%

Asked friends and/or family for a referral

26% Asked a professional connection for a referral

23% Used a mobile job search app

23%

Attended job or career fairs

11%

Enlisted the help of a recruiter

18%

Something else

7%

Indeed survey conducted by Harris Poll (Base=Employed but not self-employed and hired within the past year, n=559)

Visited an online professional social networking site

22%

Page 4: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

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74% of people in the labour force say they are actively looking or

open to a new job.Source: Indeed survey conducted by Harris Poll (Base=Employed or

not employed but looking, n=2,615)

65% of people worldwide look at new jobs again within 91 days of

being hired.

Source: Global Indeed data

50% of people who make $100K – $110K USD look at new jobs again within 28 days of being hired.

Page 5: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

The job search is always on

How frequently people look at job opportunities

84%

63%

17%

25%

21%

7%

14%

16%

of adults look at jobs at least monthly63%

Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking, n=2,615)

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Ever

At least monthly

Daily

Weekly

Monthly

Yearly

Less often than yearly

Never looks at job opportunities

Page 6: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking: 18-34, n=919; 35-44, n=663; 45-54, n=551; 55-64, n=337; 65+, n=145)

Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking: Year 11 or below, n=311; Year 12 or Certificates 1-4, n=747; Advanced diploma or diploma, n=625; BA or higher, n=932)

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91%

18-34 45-5435-44 Year 12 or Certificates

1-4

55-64 65+

87% 85% 82% 87% 71% 56%

Age of candidates who ever look at job opportunities

Education level of candidates who ever look at job opportunities

Year 11or below

75%

People who actively look at job opportunities are younger and more educated

90%

Advanced diploma or

diploma

BA or higher

Page 7: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

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Source: Indeed survey conducted by Harris Poll (Base=Employed, n=2,349)

19% Strongly

agree

7% Strongly disagree

20% Somewhat

disagree

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Employees like to keep a pulse on the job market

of employed adults agree it’s important for them to be aware of jobs currently out there in the market, regardless of whether they are employed or not.72%

53% Somewhat agree

Page 8: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

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54% of those with a BA or higher and 44% of those with household earnings of $75K AUD

or higher subscribe to job notifications.

43%of adults subscribe

to job alerts.

Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking, n=2,615)

Page 9: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

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Compensation matters, but other factors play a role in a candidate’s decision tooSalary, flexibility and location are the top three factors when deciding to accept—or reject—a job offer.

Top 3 reasons candidates were most attracted to a new job

1

Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking, n=2,615)

64%

Good pay/compensation

32

51% Flexible hours

50% Good location

Page 10: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

Given the right incentives, most people would consider a new job

91% of people said some factors could attract them to a new job.

Only 9% would not be attracted to a new job for any reason.

Factors that would attract candidates to a new job

Flexible hours

51% Good location

50%

Good pay/compensation

64%

Meaningful work

40% Work environment

40% Good fit for my family

32%

Clear path for advancement

24%

Variety of benefits

29%

Company mission/vision of the organisation

14%

Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking, n=2,615)

Company has a good reputation

31%

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Page 11: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

“Meaningful work” is also a big factor in attracting candidates

Selected meaningful work as factor that would most attract them to a job

35-44

38%

18-34

39%

45-54

46% 55-64

41% 65+

32%

Advanced diploma or diploma

44%

Year 12 or Certificates 1-4

40%

BA or higher

47%

Year 11 or below

30%

People exhibit generational and life-stage differences in the importance they place on “meaningful work”

Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking:18-34, n=919; 35-44, n=663; 45-54, n=551; 55–64, n=337; 65+, n=145; Year 11 or below, n=311; Year 12 or Certificates 1–4, n=747; Advanced Diploma or Diploma, n=625; BA or higher, n=932)

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Page 12: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

People look for jobs when they are inspired by new opportunities or disillusioned with their current work

What inspires people to consider a job change

When I feel discouraged about my current job situation

19%

When I feel dissatisfied with my current job

27%

When I see posts about an interesting company or job

18% When I feel stressed about money

16% When I don’t get recognised for an accomplishment at work

12%

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Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking, n=2,615 [variable bases])

Page 13: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

People are motivated to own their job searchCandidates are more confident in the jobs they find themselves, rather than jobs presented by a recruiter.

69% of employed adults say they would feel more confident that a job is the right fit for them if they picked the company and applied versus if a recruiter contacted them.1

62% say they think they would be more successful in a job they found on their own versus one they got from a recruiter or company that contacted them.1

79% agree that if a recruiter or friend proactively contacted them about a position, they would consider other available jobs as well (rather than only that specific position).2

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1. Source: Indeed survey conducted by Harris Poll (Base=Employed, n=2,349)2. Source: Indeed survey conducted by Harris Poll (Base=Employed or not employed but looking, n=2,615)

Page 14: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

Harris PollThis survey was conducted online within Australia from April 30–May 8, 2015, among 4,201 adults ages 18 and older, among whom were 2,615 employed or unemployed job seekers (2,349 employed adults and 266 unemployed job seekers), by Harris Poll on behalf of Indeed via its Quick Query omnibus product. Figures for age, sex, race/ethnicity, education, region and household income were weighted where necessary to bring them into line with their actual proportions in the population. Propensity score weighting was used to adjust for respondents’ propensity to be online.

Respondents for this survey were selected from among those who have agreed to participate in Harris Poll surveys. The data have been weighted to reflect the composition of the adult population. Because the sample is based on those who agreed to participate in the Harris Poll panel, no estimates of theoretical sampling error can be calculated.

Methodology

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Page 15: Talent Attraction Stu dy: What Matters to the ... - Indeedoffers.indeed.com/rs/699-SXJ-715/images/AU_Talent... · About Indeed More people find jobs on Indeed than anywhere else

Indeed Hiring LabThe Indeed Hiring Lab is a global research institute committed to advancing the knowledge of human resource and talent management professionals worldwide. Led by Dr. Tara Sinclair, Indeed’s Chief Economist and associate professor of economics and international affairs at The George Washington University, the Indeed Hiring Lab research agenda includes large-scale research projects, ongoing tracking and analysis of employment trends, and surveys of industry professionals.

About IndeedMore people find jobs on Indeed than anywhere else. Job seekers can search millions of jobs on the web or mobile in over 50 countries. Each month, more than 180 million people search for jobs, post resumes and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies. job applicants. The questionnaire included contained 28 inquiries in total, including five demographic questions.

For more information, visit indeed.com/hire

About

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