Here’s what matters most to employees at smaller businesses
Smaller businesses face a David-and-Goliath challenge when competing for top talent against larger enterprises. Despite financial differences, smaller businesses can leverage agility in decision-making during hiring. LinkedIn surveys reveal that, while compensation, work-life balance, and flexible arrangements matter universally, the nuances of employee preferences distinguish smaller businesses. Collaborative culture, aligned values, and happy teams are…
Smaller businesses face a David-and-Goliath challenge when competing for top talent against larger enterprises. Despite financial differences, smaller businesses can leverage agility in decision-making during hiring. LinkedIn surveys reveal that, while compensation, work-life balance, and flexible arrangements matter universally, the nuances of employee preferences distinguish smaller businesses.
Collaborative culture, aligned values, and happy teams are +15.4%, +14.9%, and +14.6% more important, respectively, for SMB employees. Emphasizing a welcoming atmosphere and shared values becomes crucial. Conversely, SMB employees prioritize career growth opportunities less (+18.1%) within the company, highlighting an opportunity for smaller businesses to spotlight skill development in a simpler organizational structure.
In essence, smaller businesses offer unique strengths, appealing to individuals seeking collaborative, meaningful work environments. By highlighting these aspects, SMBs can position themselves as vibrant communities where talent can thrive. Insights from LinkedIn’s Talent Drivers survey (December 2022 to November 2023) provide data-backed perspectives on the evolving dynamics of employee preferences in the SMB versus enterprise landscape.
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