'Jobseekers more wary of financial health of firms'
Employees are now more selective about where they work, and will check the financial health of a business before committing to employment, according to a poll by recruitment specialists Huntress Group and 192.com.
The poll of over 2,000 employees found one in five 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. Twenty nine percent of the job seekers said that throughout their careers they had worked for a company that had since gone bust. Twelve percent said they were more selective about where they work since the downturn.
“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.
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.