Company Culture or Pay: What Matters More to You?
Company Culture is not the color of the walls or the coffee machine or any other physical attribute of the office that you work in. It is the people you are working with. Their behavioral pattern and their attitude towards you and the work that you are doing there. All these fall under the company culture or the work culture there. The Pay scale is also a very important aspect. But it depends on what you want to prioritize at the moment.
For example, if you work for a shorter period you won’t worry about the company’s culture but you are hoping to see your future with the company as you’ll be working for a longer period you will consider the company’s culture to be a deal maker or a deal-breaker.
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What did Survey say on Company Culture?
According to a survey conducted by Glassdoor’s Mission and Culture 2019, stated that 56% of individuals claim that work culture is more important than the size of their monthly pay-check or the pay scale.
Another survey was conducted which again stated that: “About three-quarters of the adults would avoid applying to a company if its values aligned didn’t with their values and beliefs. Also, about 65% of individuals or employees said that their company’s work culture is one of the important and main aspects for them staying in their current job.”
Another newly released study or survey from Glassdoor stated that: “there might be more to just attracting the workers to compensation and attractive benefits. But when it comes to attracting a new applicant or employee, your company’s work culture is as important as the salary or the month that you offer, if not more so.”
This clearly shows that the company’s culture is an important aspect. To further prove this point Mr. Sutherland-Wong said in an interview that, “Having a compelling mission, culture and values are critical for attracting and retaining top talent in a competitive job market – it is what differentiates every employer,” he further added that: “Across the countries we surveyed, it’s clear that job seekers are seeking more meaningful workplace experiences.”
Work culture is something that all the candidates look for in an office because you are spending the majority of your day in the office working for at least 10-12 hours a day. If you do not like the people you are working with, your productivity will decrease and you won’t be able to deliver the assigned tasks when you are comfortable working in the environment.
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“A common misperception among many employers today is that pay and work-life balance are among the top factors driving employee satisfaction,” stated Dr. Andrew Chamberlain, who is Glassdoor’s chief economist, he further adds that: “We find little support for this notion in Glassdoor data.
Instead, employers looking to boost hiring and employee retention efforts should prioritize building strong company culture and value systems, amplifying the quality and visibility of their senior leadership teams and offering clear, exciting career opportunities to employees.”
We have proved that work culture is more important than the pay scale of the company. But we cannot completely neglect the aspect of money as well. Money will always be the best motivator.
You can easily motivate an individual to work extra hours by offering him the extra money. We cannot completely neglect this aspect but if you had to choose between work culture and the pay scale, you will any day choose the culture. It depends on your mission or expectation from the work.
If you are considering the job position for the long run the culture will win over the pay scale any day, but if you are considering the job role for a temporary or a shorter period, then the pay scale will win over the work culture.
Importance of Company culture
Considering the importance of the work culture, the concept of a shared office or co-working space is becoming popular. It promotes a very healthy work culture where individuals of different professions work and collaborate on interesting projects together, this increases individual productivity overall. The concept of a co-working space was introduced because it is very economical and it promotes healthy work culture as well.
According to the survey conducted by Google, “73% of the individuals from all different countries said that they would not apply to a company unless its values align with my values.
That sentiment was even more important to French and German respondents, with 76% of both groups agreeing with that statement. Approximately 70% of Americans and 69% of U.K. respondents agreed.
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Conclusion
To conclude I’ll say both pay scale and the work culture are both important depending on the situation you are in, whether the job role is for a longer or shorter period. As mentioned above it depends on your mission or expectation from the work.
If you are considering the job position for the long run the culture will win over the pay scale any day, but if you are considering the job role for a temporary or a shorter period, then the pay scale will win over the work culture.
According to another survey conducted by a website, 89% of adults who are currently working said they felt it was essential that an employer have both a clear mission and a purpose.
This feeling was universal, with about 89% of Americans and U.K. residents, 88% of German residents, and 91% of French residents confirmed the previous statement. Furthermore, about 80% of individuals said that a company’s mission mattered to them before applying for the job role.
