Saturday, May 30, 2020
Must be the money Whatever!!
Must be the money Whatever!! An article in my e-mail this morning immediately caught my eye, based on yesterdays blog post.à It is from Utah Business, and based on a survey by Robert Halfs new company focused on financial recruiting. The article title is Must be the money and job security.à It showed a poll taken by over 1,000 CFOs asking them what they believe drives job seekers to make a decision.à In short, here are the figures: 27% Salary 24% Stability of company 22% work environment/corporate culture 17% career advancement opportunities (down 4 points) 4%à Equity incentives 3%à Other 3%à Dont know Hm interesting.à Heres my beef: First, Im dissappointed by the name of the title of the article, which obviously doesnt take into consideration what a statistician would consider significant.à When reading just the title Id guess that money and job security would both be significantly higher than anything else (like, 75%).à But Id say that work environment is right there, and advancement opps is close enough.à Right on with what my post was talking about yesterday or close enough for me anyway Second, what kind of job offers are we talking about here?à You know how excited someone making $7/hour gets over a 10 cent raise compare that with someone making $90,000/year!à A ten cent raise at that level is a slap in the face!à Id like to know if these CFOs appreciate the difference Im guessing they forgot long ago what a real raise is like.à Third, um, they asked CFOs.à Of course they are going to put $ first.à If they asked CIOs, who work with IT folks, they may have ranked other stuff higher because salary is somewhat a given (that it will be higher than average) but lots of IT folks are very sensitive to company stability, types of projects, company culture, etc.à Ask big CEOs and they would have ranked culture higher (because that is what the buzz has been in recent years in their cool business books). Fourth, instead of asking a third party with an obvious bias their opinion, get better data and identifiy things likeà age level, profession, current job status (an unemployed guy will go for Salary pretty quick just to get out of his situation!) and stuff like that. Finally, Im guessing that the reality is that Salary is higher than 27% even though it shouldnt be.à But I was definitely pleased to see the numbers stack up the way they did, even if I think they are all flawed Get the latest on diversity issues in the workplace at Diversity Jobs. Must be the money Whatever!! An article in my e-mail this morning immediately caught my eye, based on yesterdays blog post.à It is from Utah Business, and based on a survey by Robert Halfs new company focused on financial recruiting. The article title is Must be the money and job security.à It showed a poll taken by over 1,000 CFOs asking them what they believe drives job seekers to make a decision.à In short, here are the figures: 27% Salary 24% Stability of company 22% work environment/corporate culture 17% career advancement opportunities (down 4 points) 4%à Equity incentives 3%à Other 3%à Dont know Hm interesting.à Heres my beef: First, Im dissappointed by the name of the title of the article, which obviously doesnt take into consideration what a statistician would consider significant.à When reading just the title Id guess that money and job security would both be significantly higher than anything else (like, 75%).à But Id say that work environment is right there, and advancement opps is close enough.à Right on with what my post was talking about yesterday or close enough for me anyway Second, what kind of job offers are we talking about here?à You know how excited someone making $7/hour gets over a 10 cent raise compare that with someone making $90,000/year!à A ten cent raise at that level is a slap in the face!à Id like to know if these CFOs appreciate the difference Im guessing they forgot long ago what a real raise is like.à Third, um, they asked CFOs.à Of course they are going to put $ first.à If they asked CIOs, who work with IT folks, they may have ranked other stuff higher because salary is somewhat a given (that it will be higher than average) but lots of IT folks are very sensitive to company stability, types of projects, company culture, etc.à Ask big CEOs and they would have ranked culture higher (because that is what the buzz has been in recent years in their cool business books). Fourth, instead of asking a third party with an obvious bias their opinion, get better data and identifiy things likeà age level, profession, current job status (an unemployed guy will go for Salary pretty quick just to get out of his situation!) and stuff like that. Finally, Im guessing that the reality is that Salary is higher than 27% even though it shouldnt be.à But I was definitely pleased to see the numbers stack up the way they did, even if I think they are all flawed Get the latest on diversity issues in the workplace at Diversity Jobs.
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