What does a banker from Nigeria have in common with a food scientist from Mexico? A lot more than you’d think! Earlier this year, Nexxt worked with The Boston Consulting Group and The Network to survey over 350,000 people from across the world to understand the preferences of the global workforce and what that means for companies, and tangentially, recruiters. Read on for our top takeaways from the survey.
#1: Employees have feelings too
According to the report, the top three workplace factors for job satisfaction all have to do with how the employee feels and the relationships they have with others. What matters most to workers globally is 1) a good relationship with colleagues, 2) work-life balance and 3) a good relationship with superiors. These three rank far ahead of the tenth and last top job preference: interesting work. This means that recruiters need to think strategically about the people a candidate will interact with during their interviews and showcase both the potential for positive relationships and respect for time outside the office in job descriptions and conversations.
#2: Say “auf weidersehen” to international hires
Global politics – from the 2016 election and resulting trade and immigration policies to Brexit to Europe’s refugee crisis to Asia’s economic rise – impact what workers want out of their careers. This is especially true when it comes to their desire to work overseas – 57 percent today compared to 64 percent in 2014. While not a huge difference from a few years back, this drop is still significant. Recruiters can still expect to hire from abroad, but it’s likely that more candidates will be sourced domestically in the coming years.
#3: Companies need to change for employees – not the other way around
The right cultural fit is important to workers, but talk is cheap and candidates know it. To woo the best and brightest applicants, companies need to shift their culture to respond to what they truly want – a collaborative environment, flatter organizational structures, and an open dialogue with superiors and colleagues. To get there, companies can offer real-time feedback, modern performance review systems and create agile teams. Recruiters can use this messaging to attract the company’s next greatest hire.
Sure, workers around the world – from Nigeria to Mexico to Germany – have different cultures, languages and lifestyles. That’s obvious. But surprisingly, they have a lot in common when it comes to their career preferences and aspirations. Recruiters, take note: the global workforce, both domestic and abroad, cares about their relationships, having a life outside of work and coming to an environment every day that welcomes collaboration and growth.
Interested in learning more? Read the full Decoding Global Talent 2018 report to discover the preferences of the global workforce. Nexxt is a recruitment media company that uses today’s most effective marketing tactics to reach the full spectrum of talent – from active to passive, and everything in between. Learn more about hiring with Nexxt.