MENLO PARK, Calif., Aug. 9 /PRNewswire/ -- When deciding on a job offer, workers still place the greatest weight on pay and job security, a recent survey of executives shows. Twenty-seven percent of chief financial officers (CFOs) polled believe salary is the biggest consideration for prospective new hires; 24 percent said it is company stability. The results are consistent with a 2001 survey asking this question.
The survey was developed by Robert Half Finance & Accounting, the world's first and largest specialized financial recruitment service. It was conducted by an independent research firm and includes responses from more than 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees.
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CFOs were asked, "In your opinion, which one of the following is the most important consideration for job candidates today when evaluating employment offers?" Their responses:
2006 2001
Salary level 27% 23%
Stability of the company 24% 28%
Work environment/corporate culture 22% 20%
Career advancement opportunities 17% 21%
Equity incentives/stock options 4% 4%
Other 3% 0%
Don't know/no answer 3% 4%
100% 100%
"Businesses that have a successful track record and offer competitive compensation are at an advantage during the hiring process," said Max Messmer, chairman and CEO of Robert Half International Inc. and author of Human Resources Kit For Dummies(R) (John Wiley & Sons, Inc.). "Employers should emphasize all the factors that distinguish their firms, such as exceptional pay and benefits, a history of stability and growth, and a supportive corporate culture."
Messmer noted that small, emerging companies that cannot afford to pay premium salaries can highlight other qualities, including the strength of their leadership team. "The best candidates tend to base at least part of their employment decisions on how much they can learn on the job. During the recruiting process, hiring managers are selling potential employees as much on their own experience and management style as on the other features that make the firm a great place to work."
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