Having a positive company culture and strong relationships between staff are of growing importance to companies seeking to attract the next generation of bright young employees, according to new research by Engine, the UK’s leading independent marketing services network.
When asked which factors were very important to them when applying for a new job, 50% of people aged 18-24 named relationships with colleagues and 36% identified company culture, compared with averages of 40% and 25% respectively for all age groups over 35.
The figures, from an independent survey of 1,000 UK adults, conducted by Populus, indicate the changing demands of the millennial workforce, who increasingly value factors such as having a positive working culture and atmosphere.
In contrast, while the pay and benefits package remains the top concern for all age groups, only 55% of younger employees identified it as very important – significantly lower than all older generations, including 60% of 35-44 year olds; 61% of 45-54 year olds; and 75% of 55-64 year olds.
The survey results were announced as Engine was named on the influential Sunday Times’ ‘Best Companies to Work For’ list for the eighth consecutive year, cementing its status as one of the best employers in the UK.
The company was the only communications group to feature in the prestigious annual league table, which ranks the UK’s best workplaces based entirely on a confidential survey of current employees by the Sunday Times.
Engine has made a number of significant additions to its sector-leading diversity policies over the past year, including the launch of a new LGBT+ network and full implementation of the ‘Better with Balance’ programme, an initiative to promote gender diversity, with the aim of achieving a 50/50 split of male/female partners across the group by 2020.
Simon Peck, Group Managing Director, Engine UK, said:
“A company like ours is nothing without its employees, so we strive to create a workplace where people feel positive, motivated and valued. To have been recognised as a top employer for the eighth consecutive year is a fantastic achievement and is testament to our success in engendering a culture of collaboration that makes our office a fun and inspiring place to work.
Our recent survey results illustrate that having a positive company culture and strong relationships with colleagues are vital to people’s feelings about where they want to work. These are all areas we are committed to improving through initiatives such as Better with Balance and our LGBT+ network, which are helping to make Engine a thriving and more diverse working environment.”