Culture, career progression outshine paycheque at work

​Three-quarters of Canadians willing to take pay cut for ideal job: Survey
|hrreporter.com|Last Updated: 09/19/2017
Recruitment, retention, compensation
Thirty-one per cent of workers would take a new position without a pay increase. Shutterstock

Canadians are shifting their attitudes about what they want from work, according to a survey by Hays Canada.

Overall work satisfaction has declined by 19 per cent, with 89.8 per cent of employees saying they would consider leaving their current job for something else, up from the 77.6 per cent in 2013.

Seventy-four per cent of workers said they are willing to take a pay cut for their ideal job, found the survey of more than 4,000 employees, while 31 per cent would take a new position without a pay increase.

Two-third of respondents said they would take a step down in seniority for a new position, found Hays, and 41 per cent of those looking for new positions say company culture is the main reason.

And there has been an 11 per cent drop in how salary is weighted, with Canadians placing increased importance on company culture, up 26 per cent since 2013.

“Canadians want a company culture that speaks to their core values. Their priorities are changing and employers that want to attract and retain the best and brightest also need to be willing to change. They cannot continue to offer the same incentives and compensation and expect to remain competitive in this tight talent market. Strong leadership, open communication, flexibility and career training are only going to grow in importance as Generation Y moves up the corporate ladder,” said Rowan O’Grady, president of Hays Canada.

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