0% found this document useful (0 votes)
14 views16 pages

The Laws of Attraction How To Connect With The Best Professionals Author Robert Walters

sdfsdsfsd

Uploaded by

arvin.sarabiajr
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
14 views16 pages

The Laws of Attraction How To Connect With The Best Professionals Author Robert Walters

sdfsdsfsd

Uploaded by

arvin.sarabiajr
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 16

THE LAWS OF ATTRACTION

HOW TO CONNECT WITH THE BEST PROFESSIONALS


FOREWORD

The Australian and New Zealand job markets are ever-changing. Over the last few years we’ve seen
financial crises come and go, sectors boom, bust and recover, and a rising mobile global workforce. As the
market has changed, so have the needs of organisations and in turn the wants of the increasingly savvy
professional. A job is no longer a means to subsist, but a source of fulfilment and growth.

Finding and competing for top talent has always been a delicate balance. There is much talk about
attraction and retention, and it all begins with the position brief. What does the role entail, what skills does
a candidate need, and what can an organisation give them in return beyond a figure? If the brief isn’t
appealing to a professional, the process of finding the best talent will be flawed from the beginning.

Our research has shown us what attributes attract professionals to apply for a role and what organisations
need to focus on in their recruitment campaigns to attract the best professional for the role. That is why I
am pleased to present this whitepaper which looks at the top five laws of attraction when seeking out new
talent for your organisation.

James Nicholson
Managing Director - ANZ

METHODOLOGY

This whitepaper is based on the findings of research undertaken by Robert Walters in June 2013.
To conduct this research, Robert Walters surveyed over 1,700 job seekers and over 800 hiring managers
across Australia and New Zealand.

CONTENTS

01 Introduction
02 Law of attraction #1: Career progression
04 Law of attraction #2: Work/life balance
06 Law of Attraction #3: Salary package
08 Law of attraction #4: Joining a recognisable brand, with a good reputation
10 Law of attraction #5: Non-monetary benefits
12 Conclusion
12 About the Robert Walters Spotlight Series
13 Contact us
INTRODUCTION

This whitepaper has been created to help


employers better understand what professionals
are looking for in their next role and what attracts
them to apply for new opportunities.

Specifically this whitepaper explores:

n What professionals look for in a new role


n Whether organisations recognise the strong
selling points of a role
n What attributes of a role organisations should
focus on promoting
n How professionals decide on a new role when
there are competing offers

01 ROBERT WALTERS WHITEPAPER www.robertwalters.com


LAW OF ATTRACTION #1: CAREER PROGRESSION

31% of professionals cited career progression as the main attraction when looking for a new role, with 60%
saying career progression is a very important part of job advertisements when looking at new opportunities. 70%
of hiring managers believe career progression is very important to professionals, however only 34% recognise it
as the most important element of their job advertisements.

Chart 1.0 - When searching for a new role the main attraction for professionals is:

n 31% Career progression opportunities


n 29% A role that would have good work/life balance
n 24% Salary package
n 14% Joining a recognisable brand with a good reputation
n 2% Non-monetary benefits (e.g. on site parking, childcare, educational incentives, etc)

Clear pathways to progression, access to training courses and internal mobility all ranked highly among
professionals as desirable attributes in new opportunities.

Key learning #1: Career progession is key


As the key driver in the laws of attraction, career progression should be at the heart of your organisations
attraction strategy. As a term, career progression can often be over used - what defines career progression
and how important it is in the recruitment process is something we’ve asked organisations and professionals
consistently.

Current and past research has shown that career progression is vital in creating a well rounded job offer that
appeals to desired candidates, and if delivered on, it can also be the key to the successful retention of your
employees.

In a challenging market, it’s more important than ever to appeal to a candidate’s requirements so that your job
offer is more attractive than your competitors. A detailed explanation of the career progression on offer in a job
advertisement is intrinsic to this. By understanding professionals’ desire for career development, you’re more
likely to attract and retain a satisfied employee for a longer period.

Chart 2.0 - Proportion of professionals who look for career progression first when searching for a new role

Accounting & Finance 40%


Banking & Financial Services 40%
Call Centre 25%
Communications & Media 35%
General Management & Consultancy 28%
Government 28%
HR 30%
IT 36%
Legal 33%
Mining, Engineering & Operations 38%
Oil & Gas 48%
Procurement, Supply Chain & Logistics 33%
Sales & Marketing 30%
Secretarial & Business Support 31%

02 ROBERT WALTERS WHITEPAPER www.robertwalters.com


43%
43% of hiring managers believe
when they write job ads they
equally consider the needs of
both the business and appealing
to the professional
LAW OF ATTRACTION #2: WORK/LIFE BALANCE

The level of work/life balance available in new opportunities was the second most important attraction of a new
job to a professional, with 29% citing it as the main attribute they look for when searching for new roles. Only
16% of hiring managers see work/life balance as the most important attribute in advertising a new role, with 55%
believing it’s very important to a job seeker.

Chart 3.0 - How important is the level of work/life balance in a role when looking at a new opportunity?

n 65% Very important


n 34% Somewhat important
n 1% Not important

A further 65% of professionals said work/life balance was a very important consideration when looking at a new
opportunity. The most important type of work/life balance to a professional was a good location, close to home or
an easy commute, followed by flexible work hours and the ability to work from home.

Chart 4.0 - How important to you are the following in terms of work/life balance when looking for new opportunities?

Very important Somewhat important Not important


Flexible work hours 49% 43% 7%
Ability to work from home 24% 47% 28%
On site/subsidised childcare 2% 13% 84%
Paid parental leave 12% 24% 63%
A good location, close to home or an easy commute 52% 42% 6%

Key Learning #2: Work/life balance - no longer a buzz word


A common theme around defining work/life balance is the ability for an individual to successfully manage work
and everything else that makes up their life. The balancing of needs, responsibilities, expectations and desires of
ourselves, partners, families, friends and employers are key contributors to achieving balance.

Over 11 million Australians and 2.3 million New Zealanders work, therefore it is important to understand that as
much as some employers think or hope that they do, employees do not leave their lives at the door. Work is one
part of an individual’s life and in some cases a major part, considering the amount of awake hours spent travelling
to, working and then travelling home from work.

Work/life balance policies provide work arrangements that accommodate changing family demographics and
modern life, while helping businesses gain a competitive edge in an ever-changing work environment. Employees
who are well balanced will be happier and more productive.

Having work/life balance policies on paper is not enough to make them work. Employers who recognise and put
work/life balance into action for their employees through flexible working options will see the benefits of a more
sustainable working culture.

04 ROBERT WALTERS WHITEPAPER www.robertwalters.com


Chart 4.0 - Proportion of professionals who look for work/life balance first when searching for a new role

Accounting & Finance 28%


Banking & Financial Services 20%
Call Centre 25%
Communications & Media 18%
General Management & Consultancy 27%
Government 43%
HR 26%
IT 23%
Legal 22%
Mining, Engineering & Operations 28%
Oil & Gas 20%
Procurement, Supply Chain & Logistics 21%
Risk 22%
Sales & Marketing 24%
Secretarial & Business Support 28%

34%
34% of professionals said they
would never compromise on
work/life balance when looking
at new opportunities

05 ROBERT WALTERS WHITEPAPER www.robertwalters.com


LAW OF ATTRACTION #3: SALARY PACKAGE

The third most important law of attraction to professionals when seeking new opportunities is a good salary
package, with 24% citing it as their main consideration when searching for a new role. The majority of hiring
managers, at 34%, will be willing to compromise on salary with a job seeker if they were a good fit for the role.

57% of professionals will aim for a salary higher than what they’re currently paid, and 36% will look for something at
the approximate same level as they’re currently on. Only 7% say they don’t pay much attention to the salary on offer
when looking for new roles, preferring to focus on other aspects of the job.

80% will be more likely to consider a role if the salary is disclosed in the ad, primarily as it helps to indicate the level
of skill and experience required for the role. In contrast, 85% of hiring managers do not disclose the salary on offer in
the ad, mainly because it may cause talented candidates to exclude themselves.

Chart 5.0 - When looking at the Chart 6.0 - Why are professionals Chart 7.0 - Why don’t hiring
salaries on offer, do you aim for: more likely to consider a role if the managers generally disclose the
salary is disclosed in the ad? salary on offer in the ad?

n 57% Something higher than what you are n 26% Salary is very important in deciding on n 35% The employer should be able to attract
currently paid whether to apply candidates without providing salary levels
n 36% Something at approximately the same n 59% Helps indicate the level of skill/ n 13% It diminishes the employer bargaining power
level you are currently paid experience required for the role n 51% It might cause talented candidates to
n 7% I don’t pay much attention to n 15% Assists in narrowing down a shortlist exclude themselves
salary levels when looking at new of roles n 1% Candidates ignore salary levels anyway
opportunities

Key learning #3: Disclose the salary in the job advertisement


Where possible the job ad should detail remuneration. Many job seekers are misled because of failure to disclose
the salary level or accurately reflect the true range.
Ensure your ad isn’t misleading and you’ll not only allow the job seeker to make an informed decision about applying
for the role, but you’re also more likely to receive relevant, high quality applicants who can use the salary level to self
select out. This may on the surface seem like a negative for the employer, however a job seeker will be in a good
position to know if the salary is suited to their needs and abilities. Not displaying the salary can often result in a
lengthier recruitment process as candidates may pull out during interview or offer stage when the salary is disclosed
and does not meet their expectations.

Disclosing salary in job postings is a sensitive area for many companies and rightfully so, however it can ensure
you are finding the right talent first time.

Key Learning #4: Salary helps determine worth, so make sure it’s worthwhile
If you sell people short, you may not get good value for money. Before you post your job advertisements, it is
vital that you take time to benchmark the salary against the market rate and other professionals in your company.
If you miss out this essential step, you could find that you struggle to attract top talent. Alternatively, you may
discover that you are unable to compete with your competitors due to high salary costs, which is when you really
need to look at promoting the other four laws of attraction as the main attributes. Using available resources (such
as the Robert Walters Global Salary Survey) to determine if the salary on offer is in-line with market rate will help to
attract the right calibre of professional while remaining on budget.

06 ROBERT WALTERS WHITEPAPER www.robertwalters.com


Chart 8.0 - Proportion of professionals who look for salary first when searching for a new role

Accounting & Finance 24%


Banking & Financial Services 19%
Call Centre 25%
Communications & Media 18%
General Management & Consultancy 27%
Government 28%
HR 26%
IT 23%
Legal 22%
Mining, Engineering & Operations 28%
Oil & Gas 20%
Procurement, Supply Chain & Logistics 21%
Risk 22%
Sales & Marketing 24%
Secretarial & Business Support 28%

LOOKING FOR A SALARY COMPARISON RESOURCE?


DOWNLOAD THE ROBERT WALTERS SALARY CHECKER MOBILE APP

The Robert Walters new salary checker app provides you with
instant access to pay rates for contract and permanent professionals
at all levels and across multiple disciplines/industries. The App also
contains salary data for thousands of roles internationally, which
allows you to compare salaries globally. The App is available as a free
download for both iPhone and Android.

15%
Only 15% of respondents would
be most willing to compromise
on salary when looking for new
opportunities

07 ROBERT WALTERS WHITEPAPER www.robertwalters.com


LAW OF ATTRACTION #4: JOINING A RECOGNISABLE BRAND
WITH A GOOD REPUTATION

In fourth place, joining a recognisable brand with a good reputation was the main attraction for 14% of
respondents. However, 80% of professionals said working for an organisation with a corporate culture that fit
their values was very important, with 70% also saying strong leadership, and being a part of an organisation with
a good reputation was very important to them. 58% of hiring managers say they communicate a good reputation
and corporate culture in their job ads.

Chart 9.0 - How important are the following when looking at new opportunities?

Very important Somewhat important Not important


Working for an organisation with a well known brand 28% 55% 16%
Working for an organisation with a good reputation 69% 29% 2%
Being in a role where there is strong leadership 70% 28% 2%
Working for an organisation with a good corporate culture which fits your values 80% 18% 2%

Key Learning #5: Think of candidates as your customers


Competition for talent is only getting fiercer, and it’s becoming more evident that in order to attract the best talent,
a company must consider its employer branding. Yet there are few companies that are as rigorous at branding
themselves to candidates as they are at branding their products and services to their customers. A recognisable
brand with a good reputation is an invaluable asset in such a competitive forum.
Employer brand should not be confused with a product or services brand. Although the two may be related in that
they prescribe overarching facets of an organisation to stakeholders, they are certainly not interchangeable. Product
and services branding refers to an organisation’s persuasive marketing communications with its prospective
customers. Employer branding, on the other hand, refers to the conversations (both real and implied) that an
organisation has with its existing and potential employees about what it’s like to work for them.
Think of candidates as your customers and consider what about your brand will appeal to them, and try to
incorporate that into job descriptions and advertisements. Developing your brand for recruitment is of paramount
importance if you want to be seen as an employer of choice. It captures and expresses what it’s like to work for
your organisation and can make the difference between attracting or losing talent.

Chart 10.0 - Proportion of professionals who look for a recognisable brand with a good reputation first when
searching for a new role

Accounting & Finance 8%


Banking & Financial Services 18%
Call Centre 17%
Communications & Media 17%
General Management & Consultancy 18%
Government 0%
HR 17%
IT 11%
Legal 18%
Mining, Engineering & Operations 2%
Oil & Gas 8%
Procurement, Supply Chain & Logistics 18%
Risk 17%
Sales & Marketing 22%
Secretarial & Business Support 12%

08 ROBERT WALTERS WHITEPAPER www.robertwalters.com


23%
23% of professionals said they
would never compromise on
joining a company with a good
reputation
LAW OF ATTRACTION #5: NON-MONETARY BENEFITS

Although only 2% of respondents cited non-monetary benefits as the main attraction they look for when
searching for a new role, these still have a part to play in the job search. 42% of professionals cite educational
incentives as very important, with 48% citing health focused benefits as moderately important.

Chart 11.0 - What non-monetary benefits are important to professionals looking at new opportunities?

Very important Somewhat important Not important


On site parking 24% 40% 36%
On site childcare 2% 10% 88%
Free meals/snacks 2% 18% 80%
Health focused benefits (such as on site fitness centres, subsidised gym
17% 48% 35%
memberships, organised group fitness sessions)

Educational incentives (such as study leave, professional development allowances,


42% 42% 15%
financial assistance to study)

However, 57% admit non-monetary benefits would be the attribute they’d be most willing to compromise on
when looking at new opportunities. Similarly, 45% of hiring managers admit they do not promote non-monetary
benefits within the job ad.

Chart 12.0 - What non-monetary benefits do hiring managers offer when advertising new opportunities?

n 24% On site parking


n 5% On site childcare
n 4% Free meals/snacks
n 24% Health focused benefits (such as on site fitness centres, subsidised gym memberships,
organised group fitness sessions)
n 36% Educational incentives (such as study leave, professional development allowances,
financial assistance to study)
n 45% We don’t promote non-monetary benefits
n 15% Other

Key Learning #6: Use non-monetary benefits for retention rather than attraction
Although non-monetary benefits may not be the strongest attraction tool, they cannot be discounted all
together. They form a valuable part of the retention tool kit, and once a professional joins a company, the non-
monetary benefits and culture will be the attributes that keeps them retained. A happy workplace is really crucial,
as this very often drives productivity and improved financial results. It is important to remember the value of non-
monetary benefits will differ for professionals based on their career stage and generation, so knowing the type of
professional you want to attract will help you tailor such benefits to your desired candidate.

10 ROBERT WALTERS WHITEPAPER www.robertwalters.com


Chart 13.0 - Proportion of professionals who think educational incentives are the most important non-monetary benefit

Accounting & Finance 49%


Banking & Financial Services 46%
Call Centre 46%
Communications & Media 56%
General Management & Consultancy 39%
Government 28%
HR 36%
IT 50%
Legal 39%
Mining, Engineering & Operations 58%
Oil & Gas 48%
Procurement, Supply Chain & Logisitics 47%
Risk 50%
Sales & Marketing 45%
Secretarial & Business Support 37%

57%
57% of professionals admit
non-monetary benefits would
be the attribute they’d be most
willing to compromise on when
looking at new opportunities
CONCLUSION

The job advertisement is the first impression a professional has of your company. What an opportunity can
offer a potential job seeker all has to be contained in the job description and advertisement in a way that is
informative, succinct, and attractive to the professionals you’re looking to attract.

Although every organisation knows what it takes to write a job advertisement, the more complicated part is
knowing what aspects of the role a job seeker finds most appealing and why. It is important prior to launching
your recruitment campaign to ensure the role addresses these five laws of attraction.

The Law of Attraction simply states “like attracts like”. Applying the laws of attraction to your job advertisements
are simple – effectively address what job seekers are looking for and what your organisation is looking for, and
you have a solid foundation for attracting the best professionals.

ABOUT THE ROBERT WALTERS SPOTLIGHT SERIES

This whitepaper is the eighth in the Robert Walters Spotlight Series. The Spotlight Series features a range of
thought-leading whitepapers designed to help employers identify and address topical issues that could be
affecting their recruitment process.

12 ROBERT WALTERS WHITEPAPER www.robertwalters.com


CONTACT US

To discuss this whitepaper or your recruitment needs in more detail,


please contact your Robert Walters recruitment consultant or
James Nicholson, Robert Walters Managing Director – ANZ,
on +61 (0) 2 8289 3130 or [email protected].

Adelaide North Sydney (Chatswood)


Level 20 Level 15
25 Grenfell Street 67 Albert Avenue
Adelaide SA 5000 Chatswood NSW 2067
T +61 (0) 8 8216 3500 T +61 (0) 2 8423 1000
F +61 (0) 8 8410 5155 F +61 (0) 2 8423 1099
E [email protected] E [email protected]

Brisbane Western Sydney (Parramatta)


Level 27 Level 6
Waterfront Place 10 Smith Street
1 Eagle Street Parramatta NSW 2150
Brisbane QLD 4000 T +61 (0) 2 8836 3600
T +61 (0) 7 3032 2222 F +61 (0) 2 8836 3699
F +61 (0) 7 3221 3877 E [email protected]
E [email protected]
Auckland
Melbourne Level 9
Level 41 22 Fanshawe Street
385 Bourke Street Auckland
Melbourne VIC 3000 New Zealand
T +61 (0) 3 8628 2100 T +64 (0) 9 374 7300
F +61 (0) 3 9600 4200 F +64 (0) 9 374 7399
E [email protected] E [email protected]

Perth Wellington
Level 10 Level 8
109 St Georges Terrace Featherston House
Perth WA 6001 119 - 123 Featherston Street
T +61 (0) 8 9266 0900 Wellington
F +61 (0) 8 9266 0999 New Zealand
E [email protected] T +64 (0) 4 471 9700
F +64 (0) 4 473 6039
Sydney E [email protected]
Level 53
Governor Phillip Tower
1 Farrer Place
Sydney NSW 2000
T +61 (0) 2 8289 3100
F +61 (0) 2 8289 3200
E [email protected]

13 ROBERT WALTERS WHITEPAPER www.robertwalters.com


AUSTRALIA
BELGIUM
BRAZIL
CHINA
FRANCE
GERMANY
HONG KONG
INDONESIA
IRELAND
JAPAN
LUXEMBOURG
MALAYSIA
NETHERLANDS
NEW ZEALAND
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SWITZERLAND
TAIWAN
THAILAND
UAE
UK
USA
VIETNAM

www.robertwalters.com

You might also like