A recent survey by Hays has found that small businesses may be losing out on the most talented employees due to concerns among jobseekers around pay and benefits.
A number of concerns about working for small businesses were expressed by respondents. 49% of those surveyed believed salaries are not as competitive within small companies as they are within larger companies and 55% believed smaller businesses are not able to offer as many benefits. 52% expressed concerns about the stability of smaller organisations.
However, the results did have some good news for small businesses, with 74% of people reporting a positive experience of working in smaller businesses. Benefits of working for a small business include a more hands-on experience, greater responsibility and a greater understanding of the business as a whole. There are more opportunities to work closely with senior staff, who are also more likely to recognise hard work.
Our experience at Hays shows that many salespeople are as motivated by the challenge of their job as they are by the money, and in some cases they consider the challenge and job satisfaction to be more important. Respondents felt that job satisfaction and interesting work can be found in both large and small organisations.
We believe that it is important for small businesses to combat the stereotypes and sell the advantages their companies can offer in order to attract and retain the top talent. Do you think that stereotypes are harming small companies?
