Tuesday, June 30, 2020

Revealed What jobseekers think about working for startups

Revealed What jobseekers think about working for startups by Michael Cheary 90% of UK workers would strongly consider working for a startup but more than half haven’t found the right role 6 out of 10 would be willing to take a pay cut Good company culture and greater ownership the biggest startup pulling factors 28% don’t know where to look for startup vacancies, but most would go via a job board It’s official: startups are on the rise.In fact, according to the most recent data from Companies House, more of them were formed in 2015 than ever before. As a result, we wanted to uncover what the UK workforce really think about working for them â€" and what they want from their next role.So we surveyed over 800 jobseekers to find out:The perks of startup culture A good company culture was cited as one of the biggest pulling factors for joining a startup.The usual job search considerations also came up â€" such as salary, personal growth and promotion opportunities â€" but startups promise a new kind of working environment, one tha t’s still relatively new to many jobseekers and extremely appealing.Four out of ten stated that they crave responsibility and ownership in their role, rather than Instagram-worthy office perks. Other benefits cited included the ability to work closely with innovators and visionaries, and faster career progression.Generation gap?Millennials aren’t the only generation interested in startups.All age groups we surveyed expressed some interest in working for one â€" although our motivations do seem to differ slightly as we get older.While learning and development opportunities are the main considerations for those under 40 when applying for a role (66%), our research has shown that the majority of those over 40 are more concerned with the reputation and culture of the organisation (74%)Job security a concernThe flexibility and dynamism that goes hand in hand with startup life is undoubtedly appealing â€" but they can be a cause of concern for some.38% of jobseekers cited a potential lack of job security and career stability as their main worry about making the move from a more established company.  Where to find startup roles28% of jobseekers don’t know where to look for startup vacancies.The majority cited job sites as the first place they look for a new role, beating both search engines and social networks to the top spot.And, perhaps more shockingly, most jobseekers aren’t even aware if they’ve applied for a vacancy with a startup, because the advert hasn’t highlighted it. But candidates are aware of the success stories.Some of the most well-known and successful startups identified as desirable to work for were Uber, Airbnb and Deliveroo.The majority would take a pay cutFinally, 60% would be willing to take a pay cut if it meant working for a startup they were passionate about.And, when it comes to actually making the move, those who are most likely to apply for a startup roles are currently earning between £25k and £40k.But whatever their level, o ur research suggests that jobseekers have never been more receptive to startup life. So if you’re interested in working for the Uber tomorrow,Still searching for your perfect position?  View all of our current vacancies now

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