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Employees motivated by career progression, not money

Professionals seeking new employment value career progression over the dollars in their bank account, according to a new survey.

The Robert Walters Remuneration expectations survey questioned over 1100 employees about their sentiment towards salary and bonuses, as well as their levels of motivation.

It found 42 percent of professionals seeking a new career were motivated by career progression, followed by pay rise, work/life balance and job security, all equal at 16 percent.

Robert Walters manging director James Nicholson says: “Organisations need to focus on offering professionals career development, training and sufficient work/life balance in order to secure and retain top talent.”

The majority of respondents said they were satisfied with their current remuneration but 30 percent still said they would move to change jobs post bonus pay out and a further 30 percent being open to the idea depending on the market.

“The findings are important for employers to note, especially when looking at how they attract and retain employees. The days of throwing more money at the problem have gone.”

Other questions found 71 percent of respondents expect a pay rise when their pay is next reviewed with the majority expecting a rise between 4-6 percent.

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Maree Sorbello

Maree Sorbello

Maree is a first year student at Sydney's University of Technology, and is one of Dynamic Business' star interns.

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