Latest JobStreet Study reveals Salary, Career Development and Work-Life Balance as the Top 3 Job Attraction Drivers
JobStreet.com recently commissioned a study to pinpoint the cause of low job satisfaction among Filipino workers. The said JobStreet study is the biggest one ever conducted with 18,378 Filipino employees across different job levels in 25 key industries. 61% of the respondents were millenials and 66% of the sample population were full time employees.
Several key factors that directly affect job satisfaction were uncovered. The top reasons for dissatisfaction are Career Development, Management Style and Corporate Social Responsibility.
But more importantly, the study revealed that these factors aren't the same across different industries. Those who look for Career Development come from these industries: Engineering (17%), Accounting / Audit (15.7%) and Computer / IT [hardware] (15.4 %). Filipinos who are happiest with their Career Development come from Food and Beverage (28%), Automobile / Autonotive (28%) and Computer / IT [software] (27%). Filipinos who are least happy with their Career Development come from Printing /Publishing (16%), Government (17%) and IT Outsourcing [BPO] (20%).
"Different industries attract different people. What we learned is that candidates from different industries have different goals and are therefore driven by different motivations," says Philip Giovanni, Country Manager of JobStreet.com. "Understanding these minute differences could hold the key to increasing job satisfaction among employees."
According to JobStreet, there are inherent gender difference when it comes to Industry Preferences. Males prefer working in Computer [Hardware], Engineering, IT Consulting, IT Outsourcing [BPO], IT Software, and Automotive Industry. On the other hand, female job seekers gravitate towards Travel and Tourism, Healthcare and Medical, Accounting, Hospitality plus Government.
Different age groups also tend to favor different industries. More Gen Z employees tend to gravitate towards Accounting and Marketing, while Millennials prefer Healthcare and consulting jobs in Science and Technology. General and Wholesale trading, the Automotive industry, and IT are skewed in favor of GenX.
Those with government jobs are driven by higher Job security; on the other hand, for people in Marketing/Advertising/Media, job security is the lowest concern.
CSR is important for those in the Food and Beverage industry, as well as for Agriculture. Filipinos who are happiest with their company culture / Corporate Social Responsibility [CSR] come from Advertising / Marketing / PR /Promotion (24%), Financial Services (23%) and Computer / IT [Software] (22%). This is due to more visibility on the actions these industries can take towards sustainability and the environment.
Filipinos who are happiest with their organization's management / leadership style come from: Call Center [BPO] (23%), Financial Services (22%) and Agricultural / Plantation /Poultry / Fisheries (20%). Filipinos who are least happy with their organization's management / leadership style come from: Construction and Building (13%), Banking (14%) and Healthcare / Medical (14%)
"This year's study is not just the largest study we've done. It is also the most granular study we've ever conducted. The unprecedented level of detail in the data gives us actionable insights on even the tiniest factors that can make or break an employee," adds Gioca.
In order to help employers understand and address industry specific challenges, JobStreet.com is launching a knowledge resource called "Laws of Attraction". This new online resource provides insights drawn from JobStreet.com's comprehensive study of the Filipino workers, allowing employers to develop effective strategies for attracting and keeping satisfied employees. It is the latest in the arsenal of tools that has made JobStreet.com the leading talent partner for hirers in the Philippines.
Visit Laws of Attraction at JobStreet.com for more information on the industry-specific drivers that affect employee satisfaction.