Wmae 2023 Ebook
Wmae 2023 Ebook
Attractive
Employers
2 0 2 3
Research from Universum reveals the aspirations of
university graduates around the world as they enter
the workforce — including how changing work norms
are influencing how young people think about their
future jobs and careers.
Contents
Does Flexible Working
Key Findings from the Affect Career
2023 Research Advancement?
5
Key Fndings | 2023
6
WMAE2023WMAE Chapter
Study
Methodology
Study Methodology
To be considered, companies must rank in the top 90% among the most
attractive employers in at least 4 of the 9 countries. 2 Globe-Trotters have a cosmopolitan outlook, seeking to broaden
their horizons in a multinational company that will provide
opportunities to travel abroad and interact with a diverse
Across these student groups, Universum also identifies five major international community of colleagues, clients, and customers.
attitudinal “career profiles.” These groupings, shown below, provide a They see constant change as a positive, broadening their
valuable indication of the diversity of attitudes and preferences that exist experience and stimulating their learning.
within this Gen Z population.
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Study Methodology
9
Study Methodology
Student Backgrounds
WMAE 2023
Business
81,402
47% Engineering
38%
65,520
IT
15% 25,970
Research Regions
WMAE 2023
10
Study Methodology
“
future earnings ranks as the #1 career priority for students across all areas of work-life balance and flexibility.”
study, and competitive base salary is rising in importance for all, now ranking in
the Top 4 for business, engineering and IT students. – Jonas Barck
Chief Marketing Officer, Universum
1. https://go.manpowergroup.com/hubfs/Global_EN_MEOS_Report_4Q23.pdf
11
Chapter
Attraction Drivers
by Field of Study
Attraction Drivers by Field of Study
Students’ ideal preferences are shown in rank order by area of study. The one-year change represents the change in
rank order between 2022 and 2023.
Good reference for future career 0 Competitive base salary 1 Prof training and development -1
Competitive base salary 2 Prof training and development -1 Good reference for future career 3
A friendly work environment -1 Good reference for future career 2 Flexible working conditions 4
13
Attraction Drivers by Field of Study
14
Study Methodology
Women Men
Women - Top 5 attributes - increase Var % Men - Top 5 attributes - increase Var %
Flexible working conditions 2,6% Competitive base salary 2,4%
Competitive salary 2,0% High performance focus 2,0%
Competitive benefits 1,7% Attractive/exciting products and services 2,0%
Encouraging work-life balance 1,6% Good reference for future career 1,8%
Attractive/exciting products and services 1,6% Encouraging work-life balance 1,6%
Women - Top 5 attributes - decrease Var % Men - Top 5 attributes - decrease Var %
Support for gender equality -3,5% Leadership opportunities -2,7%
Leadership opportunities -2,2% Embracing new technologies -2,1%
Commitment to diversity and inclusion -1,6% Team-oriented work -2,0%
Team-oriented work -1,6% Inspiring leadership -1,3%
Customer focus -1,2% Commitment to diversity and inclusion -1,3%
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WMAE2023WMAE Chapter
When Attraction
Drivers Differ by
Gender, Does it Widen
Inequities at Work?
When attraction drivers differ by gender, does it
widen inequalities at work?
Women When employers offer work-life balance and flexibility to young people that
are more likely to seek out secure employment (#3), work-life value it, they also need to be sensible about how these benefits will affect
balance (#5) and flexible work (#7) when compared to men. individuals’ careers – especially women. The answers are not easy.
Men Does the person who works a 55-hour week deserve a promotion
are more likely to value a competitive base salary (#2) and good
more than the individual working 30 hours? When someone doesn’t
references for a future career (#4).
attend strategic meetings in person, are they viewed as a less serious
employee?
Employers need to ensure these differences are reflected in recruitment
messaging strategies, but they also must go one step further: Companies
should be highly attuned to whether women’s preference for work-life
balance and flexibility affect womens’ mentorship opportunities, career
advancement and compensation. 2. https://www.wsj.com/articles/women-embrace-flexible-working-but-economists-say-it-
could-hinder-their-careers-11647180001?reflink=desktopwebshare_permalink
3. https://www2.deloitte.com/uk/en/insights/topics/talent/work-life-balance-for-women.html
17
When attraction drivers differ by gender, does it
widen inequalities at work?
To be intentional about how these choices affect careers (or ensure certain
choices do not widen gender gaps in compensation and advancement),
employers should pay attention to:
Collaboration:
Has your company invested in best-in-class technology for
conference calls, intranet messaging and project management
so that people who work off-site and/or asynchronously don’t
feel apart from their teams?
In-person collabs:
Even for remote workers, are there opportunities to collaborate
in person? Many companies allow employees to work off-
site, but then require a small number of face-to-face days to
build relationships, improve the cohesiveness of teams, and
brainstorm vision/direction.
18
Chapter
When Career
Ideals Meet Reality
When Career Ideals Meet Reality
Students say they value things like flexibility and work-life balance, but when
asked to choose a future employer, they often make tradeoffs that show these
factors may be fungible – easily replaced when confronted with real-world
choices.
For example, among business students, “flexible work” is ranked at #9, but it
falls to #33 when we examine the employer characteristics of young people’s
ideal employer. In other words: students may idealize certain career
priorities, but when they must make choices about the type of company
they will work for, some of those priorities weaken substantially. (See
charts on pages 21-23).
What should employers do with this information? The gap between ideals
and reality does not mean employers can ignore their employees’ demands
for quality-of-life at work. Even if young people are willing to “trade” things like
flexible work for higher compensation or job security, their satisfaction and
loyalty will likely suffer if these trade-offs persist.
A study of tech workers by BCG found most were satisfied with their
compensation, but felt highly dissatisfied with their quality of life at work
(including work-life balance and flexibility).4 In other words: A strong salary
offer may get people in the door, but flexibility and work-life balance are bigger
drivers of satisfaction and retention.
4. https://www.bcg.com/publications/2023/the-race-for-tech-talent-has-not-stopped
20
When Career Ideals Meet Reality
Business Students’ Attraction Drivers:
What Students Say Versus What They Choose
21
When Career Ideals Meet Reality
Engineering Students’ Attraction Drivers:
What Students Say Versus What They Choose
22
When Career Ideals Meet Reality
IT Students’ Attraction Drivers:
What Students Say Versus What They Choose
23
When Career Ideals Meet Reality
Industry preferences are influenced by The turnabout has given companies in other industries an edge when
layoffs and economic uncertainty recruiting tech talent – especially companies hoping to power ambitious
plans for digital transformation. Software engineers, data scientists and
cybersecurity talent are all still in high demand despite large-scale layoffs
from companies like Google, Microsoft, Amazon and Meta.
Business
Management and
Strategy Consulting
Banking
E-Commerce
Financial Services
and Technology
Auditing and
Accounting
Advertising
Fashion, Accessories
and Luxury Goods
2022
Media
Difference
Arts, Entertainment
and Recreation
0 5 10 15 20 25 30 35 40
25
Top 10 preferred Industry
Engineering
Mechanical and
Industrial Engineering
Automotive
Energy
IT and Engineering
Consulting
Computer Software
and Technology
Manufacturing
Architecture and
Urban Planning
2023
2022
Civil Engineering
Difference
Construction
0 5 10 15 20 25 30 35
26
Top 10 preferred Industry
When Career Ideals Meet Reality
IT
Computer Software
and Technology
Computer and
Networking Security
IT and Engineering
Consulting
Video Game
Computer
Hardware
Internet Content
and Information
Aeroespace
and Defence
Telecommunication
and Networks 2023
2022
E-Commerce
Difference
Banking
0 10 20 30 40 50 60 35 40
27
WMAE2023WMAE Chapter
7. https://pandaily.com/microsoft-to-cut-10000-jobs-affecting-chinese-division/
8. https://pandaily.com/microsoft-rumored-to-cut-suzhou-division-in-china-future-
Engineering Student Rankings: adjustments-inevitable/
Google and Microsoft both retained their top spots in 2023, while BMW rose 9. https://qz.com/linkedin-layoffs-2023-china-app-incareer-shut-down-1850418050
one point to replace Apple, which dropped to #4. Remarkably, Tesla rose 10 10. https://fortune.com/2023/09/01/accenture-chief-ai-officer-upskilling-workers/
29
MAE2023WMAE20 Rank
2023 Employer
Rank
2022
Rank
2023 Employer
Rank
2022
1 Apple 1 14 Morgan Stanley 14
Rankings Detail, 2 Google 2 15 BMW Group 12
5 Microsoft 3 18 adidas 21
30
MAE2023WMAE20 Rank
2023 Employer
Rank
2022
Rank
2023 Employer
Rank
2022
26 Bain & Company 31 39 Toyota 41
Rankings Detail, 27 PepsiCo 32 40 ZARA 52
34 IKEA 35 47 AB InBev 51
35 Facebook 29 48 Siemens 55
36 HSBC 34 49 HEINEKEN 47
38 Tesla New
31
MAE2023WMAE20 Rank
2023 Employer
Rank
2022
Rank
2023 Employer
Rank
2022
1 Google 1 14 Ford Motor Company 14
Rankings Detail, 2 15
Engineering
Microsoft 2 Bosch 15
12 IBM 13 25 Nestlé 21
32
MAE2023WMAE20 Rank
2023 Employer
Rank
2022
Rank
2023 Employer
Rank
2022
26 Pfizer 22 39 Philips 42
Rankings Detail, 27 40
Engineering
Shell 27 ABB 49
33 Dell 33 46 Nissan 44
36 Nike 45 49 Huawei 34
38 Lenovo 39 50 Oracle 60
33
MAE2023WMAE20 Rank
2023 Employer
Rank
2022
Rank
2023 Employer
Rank
2022
1 Google 1 14 Deloitte 14
Rankings Detail, 2 Microsoft 2 15 BMW Group 10
IT 3 Apple 3 16 Dell 13
5 IBM 5 18 Facebook 15
6 Intel 6 19 Tesla 28
7 Sony 7 20 Siemens 20
8 Oracle 8 21 Lenovo 21
9 Samsung 9 22 Huawei 16
11 Accenture 17 24 Ubisoft 22
13 Mercedes-Benz Group 19
34
MAE2023WMAE20 Rank
2023 Employer
Rank
2022
Rank
2023 Employer
Rank
2022
26 adidas 29 39 HP Inc. 37
Rankings Detail, 27 KPMG 29 40 IKEA 42
36 Nike 38 49 Philips 45
37 Boeing 40 50 Nestlé 50
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About
Universum
Universum is a data-driven, insight-led Employer Branding agency.
Headquartered in Stockholm, we are now active in over 40 countries,
with key hubs in Paris, Berlin, London, Zürich, New York, Singapore, and
Shanghai. Every year we survey over one million students and young
professionals and provide our clients with the analytics, strategy, and
creative solutions they need to compete more effectively for talent.
https://universumglobal.com