In late 2019, IDEX conducted surveys of the over 5,000 Financial Services professionals on their attitudes to employment. The overriding message from this survey was that the expectations of the working environment are changing. No longer is money the driving factor to leave an employer or to accept a new offer. In fact, Company Culture was the main driver in leaving a role (46%) and in accepting a new one (40%). Working hours & flexible working environments was most valued by 27% with money coming in 3rd, with 26%.
All this shows that firms looking to attract & retain the best can’t rely on “big money offers”, they need to develop enhanced Employee Benefits platforms that offer better work/life balance…which ultimately has been shown to create a more efficient and effective working environment, in turn increasing profitability. This change has already been adapted by many leading firms, but in 2020, we expect to see this filtering across the entire Financial Services landscape.