Hays research: Employees concerned about pay and benefits offered by SMEs

Small organisations may be losing out on the most talented employees due to concerns among jobseekers around pay and benefits, according to research by Hays.

Almost half (49%) of those surveyed believe salaries are not as competitive as at larger organisations, and over half (55%) believe smaller businesses are not able to offer as many benefits.

Despite 74% of respondents reporting a positive experience of working at a smaller organisation, the survey found that 25% would prefer to work for a larger firm. Over half (52%) expressed concerns about the stability of smaller organisations.

Charles Logan, director at Hays, said: “To attract the skilled and talented individuals needed to remain competitive, small businesses need to combat some of the stereotypes and ensure professionals are aware of the advantages they can offer workers looking to move their careers on.

“If they cannot compete with larger salaries or more expensive benefit schemes, they can often provide more interesting and varied work, and the chance for employees to work with senior people. It is these benefits that they need to sell to professionals.”

Read more reward and benefits research

For more articles on pay and benefits offered by smaller firms