26 July 2023
CM Industrial By CM LifeScience

Is Value-Based Search the Pathway to Success?

In today's competitive job market, candidates are no longer solely driven by attractive compensation packages and job titles. Instead, they are increasingly seeking employers who uphold a value-based approach to hiring and company culture. As candidates become more discerning, organisations must recognise the significance of aligning their core values with those of potential employees.

Alongside the growing trend of value-based searches, I wanted to delve into why candidates prioritise companies that focus on fundamental principles and ethics which resonate with them, as opposed to other more material benefits, and what this means for the industry going forwards.

Seeking Purpose and Alignment.

Candidates are now noticeably focused on finding an organisation that resonates with their personal values and beliefs. They seek more than just a job; they seek purpose and alignment with a company's mission and vision. Misalignment between company and employee values can cause people to quit after they have peaked in a role due to a lack of a greater purpose, whereas a value-based search allows candidates to envision themselves contributing meaningfully to the organisation's objectives and being part of a greater mission.

Fostering a Positive Work Environment.

In my experience as a recruitment consultant, I notice that candidates who prioritise a value-based search are often seeking a positive work environment where mutual respect, diversity, and open communication are encouraged – potentially due to not having had access to these, and noticing the impact, in a previous role.

There’s no denying - people desire a culture that fosters growth, acknowledges achievements, and embraces a collaborative spirit, leading to a more satisfying and fulfilling work experience and increased employee retention as a result.

In a recent panel discussion hosted by Charlton Morris, we explored ways to implement effective benefits and strategies which can attract and retain candidates with a value-based approach. From how to attract the very best industry talent, to expert insight on today's Life Science talent landscape, and tips on designing an impactful talent strategy, attracting specialists aligned with your mission and culture and constantly improving your processes. Catch up on the full discussion, here.

Balancing Personal and Professional Aspirations.

A value-based search empowers candidates to find companies that respect work-life balance and understand the importance of overall wellbeing. Companies that prioritise employee wellbeing, alongside professional growth, are more attractive to those seeking holistic fulfilment in a career. As wellbeing is now seen as a key portion of people's general healthcare needs, it’s essential for businesses to understand it as a key benefit for employees, and one which they prioritise.

Offering access to wellbeing apps, events, and other support systems creates true job fulfilment. Additional benefits such as mental health support, gym membership and nutritional advice, help create a positive relationship with work even outside of office hours. Find out more about some of the best in the benefits business with our fantastic partner network, here.

Ethical Decision-Making.

Moreso than ever, people favour organisations that prioritise ethical decision-making, implementing values which mirror the broader global climate. Seeking an employer who demonstrates integrity and makes socially responsible choices creates an atmosphere of trust and credibility that resonates on a personal level.

Long-Term Commitment.

If a company’s mission, vision, and values are relatable, the likelihood of a happy work life is inevitably higher, increasing the assurance of a long and rewarding career. Factors such as continued internal surveying, using platforms like The Happiness Index Employee Voice tool, allow a business to remain reactive to internal and external changes which might impact people's relationship with work. Using this data ensures loyalty, reduces turnover, and helps companies build a stable and dedicated team.

A value-based search matches candidates and companies who desire to be agents of positive change in the workplace and society at large. As a result, highly desirable candidates are often seeking an employer who values corporate social responsibility and provides opportunities to contribute to meaningful initiatives, such as engaging in local community, organising fundraising initiatives or a focus on internal and external teambuilding opportunities.

The Future of Recruitment.

Companies which embrace value-based hiring are noticeably better at fostering innovative and creative environments. Candidates appreciate organisations that value diverse perspectives and promote out-of-the-box thinking, creating a culture of continuous improvement and advancement. Similarly, in a world where an authentic and attractive employer brand is built around a truly meaningful relationship with work, focussing on these shared values enhances personal and professional reputation.

It's clear to me that candidates are placing greater importance on conducting value-based searches when seeking new opportunities. Looking for an employer which upholds shared values, encourages a positive work environment, and prioritises ethical decision-making, amongst other key factors.

Companies that recognise and respond to this trend have a competitive advantage in attracting top talent, fostering employee loyalty, and building a purpose-driven workforce. Embracing a value-based approach to recruitment not only benefits candidates but contributes to long-term success for both employees and businesses.

To chat more about this, or any other trends you're noticing in the market right now, connect with me on LinkedIn or hit the button below and get in touch.

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