Employees call the shots

-

  • Jobseekers background check employers before accepting job offers
  • 1 in 10 won’t work for an SME due to a poor financial record
  • Company Credit Reports on 192.com to help the workforce background check employers

Employees are now more selective about where they work, and will check the financial health of a business before committing to employment.

That’s according to recruitment specialists Huntress Group and 192.com which polled thousands of employees identifying what due diligence steps are taken prior to employment.

One in five of the survey said they would check to see if a company is financially stable before accepting a job offer, and 1 in 10 employees haven’t accepted an offer from a business due to a poor financial record.   12% said they were more selective about where they work since the downturn.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

“As we recover from the recession, financial stability is not just a concern for organisations, said Kristen Zeilerbauer, Managing Director of Huntress Group’s technology division, “Workers want to know they are finding stable and challenging employment. Highly skilled professionals can be even more selective about where they want to work.”

Fifty nine percent of the survey said they would refuse work from a company with an unfavourable Company Credit Report.  Company Credit Reports provide a snapshot of the financial health of a business and expose County Court Judgements – legal judgements that a company failed to pay a debt.

“Jobseekers should read a Company Credit Report on 192.com to see if a potential employer is a sinking ship. Ask of them: are they financially robust, do they service their debt and do senior staff stay put,” said Dominic Blackburn, Product Director of 192.com Limited.

Sixty five percent of the employees said they are particularly concerned about businesses with County Court Judgments, and over half would be deterred by a company with a high turn-over of Company Directors.

The survey also found that 75% of employees prefer a good salary over favourable benefits. The poll quizzed 2000 employees across the country. The majority of respondents worked in IT 33%, Accountancy or Finance 25% and Sales 12%.

Pamela Flores is an events professional with experience at Symposium Events, a UK-based conference and events organization. She has worked in editorial and event coordination roles within the HR and expatriate management sector, contributing to the organization of major conferences including the Expatriate Management and Global Mobility conference. Her background spans online editorial work and events management within the professional conference industry.

Latest news

England’s overnight World Cup clash and 5am pub opening prompt CIPD advice

The CIPD is urging organisations to agree any flexibility before England's 1am World Cup last-16 tie to help minimise disruption at the start of the working week.

Russell Cowley: Gen Z – rebuilding workplace culture, break by break

Gen Z workers are taking proper breaks and in doing so, they may be fixing something the rest of us broke.

Fit for Work: Weekend warrior? You can still reap the health benefits

Weekend exercise can still improve long-term health, even for people who struggle to fit physical activity into the working week.

Superdry co-founder’s victim warns workplace power can silence abuse victims

A survivor's account raises questions about speaking-up cultures and accountability in organisations.
- Advertisement -

UK’s always-on work culture ‘driving employee burnout’

Nearly half of UK workers say they end most working days mentally exhausted as rising workplace pressure leaves employees and managers struggling to switch off.

Andrew Murray on why no two days look alike

A people development leader shares how travel, training and a passion for helping others shape a working day with little room for routine.

Must read

Robert Leeming: A brave new world – things to look out for in 2016

2016 is just around the corner, believe it or not, so what can the HR world anticipate as we enter the latter half of the second decade of the 21st century. Here are some key events to be prepared for:

Recruitment and analytics: developing hiring practice

Recruitment analytics can appear to require specialist knowledge, training and expensive software to even attempt. This coupled with questions surrounding whether it benefits HR effectiveness leads to the question: why do it?
- Advertisement -

You might also likeRELATED
Recommended to you