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What Can't A Great Salary Can’t Make Up For?
When it comes to work, what do we care most about? Time off? Salary? The people we work with?
The Investors in People employee sentiment poll reveals exactly what employees care about most. And there are several things that our research show no amount of money makes up for. We found that 49% of people will be looking for a new job this year, along with 19% saying that they have been actively looking for a new job since the end of 2015. To understand why nearly half of the UK workforce are on the move this year, Investors in People also pulled together the top five reasons why people are unhappy in their current roles. The list included no career progression, hours worked, pay and lack of training and development.
Five things that high pay just can't make up for
1. Bad managers
You feel uncomfortable asking them for help, they never seem to say thank you or there’s simply a lack of support and motivation. These managers do not inspire staff and as a result employees are likely to suffer and underperform. What would you choose? A pay rise, but having to work under the same, boring, uninspiring boss – or the same salary but with a manager that brings out the best in you and helps you achieve more?
2. Lack of training and development
When it comes to honing new skills and building a strong CV, pay cannot compete. If your role offers a high salary but no training and development towards your learning, you’re missing out on developing new capabilities that will help you grow and impress future employers. A bonus can’t buy new skills or knowledge - and no one wants to spend their hard earned cash on expensive industry training courses.
3. No career progression
Similarly, if a company offers a high salary but no future progression within the business – this will slow down your development and lead to the feeling of being stuck in one place. Employers are looking for people with a range of different experiences, people who have performed in a variety of roles and teams. However great the money is, if your job is always the same and the company doesn’t offer other positions within the business, your career will never progress.
4. Unsupportive colleagues
Do the people you work with every day make the job easier and more engaging? Or do they hold you back and make tasks unenjoyable. Working well with all kinds of people (whether we like them or not) is simply part of going to work. But there’s nothing worse than when those around you don’t support one another to achieve an organisational outcome. Good pay cannot compete with an awesome group of people who you love to work with, who you enjoy seeing every day and who encourage and inspire one another.
5. No support towards health and wellbeing
In the UK, stress is now the number one cause of employees taking sick days. With awareness of mental health higher than ever, it’s vital that employers invest in the health and wellbeing of their staff. Ask yourself: is a company that pays well, but causes staff to feel overworked and constantly stressed and tired, worth breaking one’s back for?