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Talent Report: What Workers Want in 2012 | Executive Summary




TALENT REPORT:
WHAT WORKERS
WANT IN 2012

Executive Summary




www.netimpact.org/whatworkerswant
Talent Report: What Workers Want in 2012 | Executive Summary




About This Report
Net Impact’s Talent Report: What Workers Want in 2012 set out
to investigate how people view ‘impact jobs,’ or jobs that provide
the opportunity to make social or environmental impact. This
survey looked at a statistically-significant national sample of
1,726 individuals: currently-enrolled university students about to
enter the workforce, and currently-employed college graduates
spanning three generations (Millennials, Generation X, and Baby
Boomers). We examined each group’s life goals, job satisfaction,
and prioritization for making an impact at work against other key
job criteria.

Net Impact is grateful to our funder, The John D. and Catherine
T. MacArthur Foundation; our research partners from the John
J. Heldrich Center for Workforce Development, based at the
Edward J. Bloustein School of Planning and Public Policy at
Rutgers University; and our media partner, Edelman for their
support. Thanks also to Filene Research Institute for their
support.




Funded by The MacArthur Foundation
With media support by Edelman


Full report prepared for Net Impact
by the John J. Heldrich Center for Workforce Development
at Rutgers, The State University of New Jersey

Professor Cliff Zukin
Mark Szeltner

Full report available online: www.netimpact.org/whatworkerswant
Accompanying graphics: www.netimpact.org/whatworkerswantgraphics



May 2012




© 2012 Net Impact | www.netimpact.org/whatworkerswant             2
Letter from Liz Maw, CEO of Net Impact
Employee engagement is a hot topic these days. Studies have
tied employee engagement to both satisfaction and productivity,1
and companies realize that keeping employees satisfied is a
key to high performance. Employers proudly tout making one
of the coveted “100 best places to work” lists,2 and today, more
than 25% of Fortune 200 companies have dedicated budget
to maintain their rank on such lists. At Net Impact, we believe
we’ve identified a significant opportunity gap — one that could
potentially double the number of employees who are satisfied
with their job.

Net Impact’s Talent Report: What Workers Want in 2012 reveals
that employees who say they have the opportunity to make
a direct social and environmental impact through their job
report higher satisfaction levels than those who don’t. In fact,
employees who say they can make an impact while on the job
report greater satisfaction than those who can’t by a 2:1 ratio.
This data is backed up by the two-thirds of graduating university
students who tell us that making a difference through their next
job is a priority, and by the 45% of students who say they would
even take a pay cut to do so.

At Net Impact, we believe that work is good for more than just
a paycheck. Work is an opportunity to invest ourselves in issues
that are important to us. We are thrilled to release this report
demonstrating that impact jobs can make employees more
satisfied from nine to five, and thus more productive. Perhaps
most importantly, with more of us using our working hours to
make an impact on society, we can help solve the difficult yet
critical problems facing our world today.

Sincerely,




Liz Maw
CEO
Talent Report: What Workers Want in 2012 | Executive Summary




People Want Their Job to Make a Difference
Most people say that having a job that makes a social impact on
the world is an important life goal (Fig. 1). In fact, students say
it is more important than having children, a prestigious career,
being wealthy, or being a community leader — ranking only
below financial security and marriage. Professionals show similar
prioritization, with having children rising higher on their list of goals.

FIG.   1
The Following are Very Important or Essential to My Happiness

              FINANCIAL SECURITY      92%
                                      91%
                       MARRIAGE       73%
                                      73%
               A JOB WHERE I CAN      53%
                  MAKE AN IMPACT      72%
                           CHILDREN   61%
                                      59%
             PRESTIGIOUS CAREER       25%
                                      54%
                            WEALTH    21%
                                      36%
           COMMUNITY LEADERSHIP       15%
                                      31%


                                         WORKERS
                                         STUDENTS




Students: Optimistic…and Expectant
In spite of the current economy and a bleak job market, students
are fairly optimistic about both their own personal job prospects
and how they can use their careers to make a difference. Fifty-
eight percent of students expect to have multiple job offers to
choose from. And a majority of students (65%) expect to make a

                FIG.   2
        I Expect
                                            YES, WITHIN
         to Make                            5 YEARS | 37%

       an Impact
        Through                                                 YES, IN 6+
                                                               YEARS | 28%
       My Work...                     NO | 12%


                                                 DON'T KNOW/
                                                  NO ANSWER
                                                     23%




© 2012 Net Impact | www.netimpact.org/whatworkerswant                        2
Talent Report: What Workers Want in 2012 | Executive Summary




                       positive social or environmental difference in the world at some
                       point through their work (Fig. 2, previous page).

                       Furthermore, over half of the student population (58%) would
                       take a 15% pay cut to “work for an organization whose values are
                       like my own” (Fig. 3).

            FIG.
All Other Things
     Being Equal,
                   3
                       35       %      ...to work for a company
                                        committed to CSR



                       45%
  I Would Take a                       ...for a job that makes a social
    15% Paycut...                       or environmental impact



                       58%             ...to work for an organization
                                        with values like my own



                       Job Attributes: Non-Negotiables & Differentiators
                       From our study, we saw three categories of attributes that
                       both students and working professionals care about in their
                       jobs. The first set includes the non-negotiables. As you might
                       expect, attributes like office environment, positive culture,
                       and compensation fall into this category. Next come the
                       differentiators: those attributes that can turn a merely good job
                       into a great one. Among these differentiators are some of those
                       attributes that we at Net Impact are most passionate about, and
                       that we believe employers should invest in to better attract top
                       talent. This includes a job that makes the world a better place
                       or a company that shares their values. Finally, attributes like
                       company prestige and rapid promotion fall lower on the scale for
                       all respondents. See Fig. 4 on the following page.

                       Students appear willing to consider jobs in a variety of sectors.
                       When asked how they would feel about working for different
                       types of organizations — large corporations, small businesses,
                       nonprofit and government — about half expressed a strong
                       preference. Of that half, government work was the most popular
                       first-choice preference, with students citing job security as a
                       main reason.




                       © 2012 Net Impact | www.netimpact.org/whatworkerswant              3
Talent Report: What Workers Want in 2012 | Executive Summary




FIG.   4
The Following are Very Important or Essential to My Ideal Job

                   WORK/LIFE BALANCE      88%
                                          88%
                      POSITIVE CULTURE    88%
                                          91%
                     INTERESTING WORK     86%
                                          86%
                           JOB SECURITY   86%
                                          90%
                   GOOD COMPENSATION      87%
                                          89%
               ABILITY TO LEARN & GROW    78%
                                          87%


           EMPLOYER HAS SIMILAR VALUES    67%
                                          74%
              CONTRIBUTION TO SOCIETY     53%
                                          65%
                 MAKE A BETTER WORLD      51%
                                          65%
               MY OPINIONS ARE VALUED     76%
                                          68%
                 FLEXIBLE WORK HOURS      61%
                                          65%


           ADVANCEMENT OPPORTUNITIES      39%
                                          53%
              EMPLOYER PRIORITIZES CSR    38%
                                          50%
                  INNOVATIVE EMPLOYER     47%
                                          57%
                 PRESTIGIOUS EMPLOYER     23%
                                          39%



                                           WORKERS
                                            STUDENTS




There is a clear difference between the genders when it comes
to sector preference. Female students are significantly more
likely to want to work at a nonprofit or small company, while
male students are more likely to want a job in government or at a
large company (Fig. 5).

FIG.   5
I Would Like My Next Job to Be in the Following Sector

           SMALL COMPANY    59%
                            65%
           LARGE COMPANY    64%
                                                        MALE
                            58%
               NONPROFIT    26%                         FEMALE
                            50%
             GOVERNMENT     59%
                            50%




© 2012 Net Impact | www.netimpact.org/whatworkerswant            4
Talent Report: What Workers Want in 2012 | Executive Summary




Employees: Satisfied With Impact Jobs
When we look at on-the-job impact opportunities compared
to job satisfaction, we start to see an intriguing picture take
shape. Slightly more than half of professionals (55%) say
they are currently in a job where they can make a social or
environmental impact on the world. These respondents are more
satisfied with their job by a 2:1 ratio (49% report high satisfaction
levels, compared to just 24% of those who do not have impact
opportunities at work).

We see these satisfaction levels reinforced when digging into the
ways people feel connected to impact through their jobs, too.
For example, 45% of employees who say they worked directly on
a product or service that makes a positive social impact report
being very satisfied with their jobs, compared to 29% of those
who don’t. The research finds similar numbers for people who
provide input on sustainability or corporate responsibility issues
at work, or volunteer alongside their co-workers.


Women Care More About Impact Jobs Than Men

A number of differences in work attitudes and life goals also
show up between the genders. Women consistently express a
stronger desire for jobs with impact than men:

• Sixty percent of employed women say that working for a
  company that prioritizes social and environmental responsibility
  is very important to them, compared to 38% of men.

• Thirty percent of working women say they would take a pay
  cut for a job that makes an impact, compared to 19% of men.

• Female students are more likely to want a job with a company
  that prioritizes corporate responsibility than male students
  (60% and 40%, respectively).

Impact-related priorities are the only ones that significantly
differ between male and female students. All other job-related
priorities (such as compensation, culture, and flexibility), are very
similar across the genders.




© 2012 Net Impact | www.netimpact.org/whatworkerswant             5
Talent Report: What Workers Want in 2012 | Executive Summary




Civic Engagement, Trust & Job Satisfaction Among Generations

While the generations are more similar in attitudes toward work
than distinct, a few key differences emerged.

• Millennials are the most dissatisfied with their current job (24%,
  compared to 14% of Gen Xers and 18% of Boomers).

• While all generations are dissatisfied with opportunities
  for promotion, Millennials are more dissatisfied than others
  with how their company values their input and seeks their
  opinion, as well as with their compensation. Gen Xers are more
  dissatisfied with their company culture, and Boomers are more
  dissatisfied than their younger colleagues with the way their
  company prioritizes social or environmental responsibility.

Our study mirrors a number of previous research reports that
show a decline in civic engagement between the Boomer
generation and the younger generations.3 Specifically:

• Less than half of students (43%) reported voting in the last
  year, compared to nearly three-quarters of Boomers (77%).

• Older generations are more likely than younger to report they
  have boycotted or “buycotted” (i.e. purchased something
  based on their values) a product or company.

• Boomers are also the most likely to say they will donate
  to causes, volunteer outside of work, or be involved with a
  religious community.

• Boomers trust that people are mostly trying to be helpful (as
  opposed to looking out for themselves) more than younger
  generations do. They are also least likely to say it’s important to
  make a difference to others rather than be personally successful
  (Figs. 6A and 6B, following page).


People Feel Responsible

In one encouraging data point, the majority of all generations
(61-70%) agree that they have a personal responsibility to make
things better for society, rather than leaving it to others. The
question remains as to how the younger generations specifically
plan to do this, as they show less enthusiasm than Boomers
around traditional civic activities like volunteering, donating




© 2012 Net Impact | www.netimpact.org/whatworkerswant                   6
Talent Report: What Workers Want in 2012 | Executive Summary




money, and political participation. Net Impact would like to
see these feelings of personal responsibility manifested in the
workplace, and our mission is to help both employees and
employers make that a reality.


FIGS.   6A & 6B
Generational Trust and Generosity

                                 STUDENTS   MILLENNIALS   GEN X   BOOMERS


              MOSTLY, PEOPLE
            TRY TO BE HELPFUL      36%          39%       50%       59%




     MOSTLY, PEOPLE ARE JUST
 LOOKING OUT FOR THEMSELVES        62%         60%        48%       39%




                                 STUDENTS   MILLENNIALS   GEN X   BOOMERS



 IT IS MOST IMPORTANT TO ME TO
                                   54%         49%        58%       67%
MAKE A DIFFERENCE FOR OTHERS




IT IS MOST IMPORTANT TO ME TO      44%         49%        39%       32%
TO BE PERSONALLY SUCCESSFUL




© 2012 Net Impact | www.netimpact.org/whatworkerswant                       7
Talent Report: What Workers Want in 2012 | Executive Summary




Putting the Data to Work: For Employers
In order to satisfy, attract, and engage top talent,4 employers
would be well advised to place a greater emphasis on connecting
jobs to social and environmental impact. In good news, many
employers are already taking steps to do this at a macro level,
with 95% of Fortune 250 companies publishing sustainability
reports5 and nonprofits like Teach for America actively recruiting
on college campuses (and becoming the #1 choice for thousands
of undergrads). But there is more that employers can do:

 MAKE IT THE DNA OF EVERYONE’S DAY JOB
 While most employees want to feel a direct link between
 their day job and making a social and environmental impact,
 that can be hard to do when bogged down in the daily grind
 of emails and meetings. Executives must clearly define and
 articulate their organization’s broader mission and priorities
 first, and then connect the dots to every department and level
 of staff.

 In addition, employees need to understand how their skills can
 be applied to specific impact-related activities, either as part
 of their job description (such as through product or service
 development), or as an initiative that goes above and beyond
 their daily role (such as starting a volunteer program). Several
 short case studies can be found on Net Impact’s website,
 www.netimpact.org/whatworkerswant.

 RECRUIT FOR IMPACT
 Once impact opportunities have successfully become
 embedded in the DNA of the day job across an organization,
 companies can and should integrate this message into
 recruiting efforts. The majority of students in our study, for
 example, expect their future job to offer impact opportunities.
 Companies or nonprofits that offer students direct ways to
 engage with such opportunities through their job will have a
 recruiting advantage over others that can’t.

 WINNING WOMEN OVER
 For employers hoping to attract and retain more women,
 investments in impact jobs will pay off, as women are much
 more likely than men to say making a difference is important
 to them. The corporate sector especially can benefit from
 connecting jobs to impact, as female students are less likely
 than men to prioritize employment at a large company.



© 2012 Net Impact | www.netimpact.org/whatworkerswant            8
Talent Report: What Workers Want in 2012 | Executive Summary




Putting the Data to Work: For Employees & Students
Job seekers and employees have the opportunity to derive
greater levels of satisfaction and productivity from their nine-to-
five by seeking out, carving out, and making the most of impact
opportunities.

  KNOW YOUR VALUES
  Not surprisingly, workers indicate a big preference for jobs that
  align with their values, so being clear about what those are will
  help during the job search. This clarity will allow students to
  identify which potential employer is a values-match, and which
  is not. Net Impact’s Six Steps to Job Search Success
  (www.netimpact.org/jobsearchsteps), can help job seekers
  better articulate what they’re looking for.

  FIND YOUR VOICE
  While many employers seek to tie mission into every job, not
  all organizations have clear paths laid out for those who want
  to make an impact. Knowing how to make a business case
  to upper management for why an employer should provide
  impact opportunities is critical to gaining buy-in. Check out
  www.netimpact.org/impactatwork for more resources for
  aspiring workplace changemakers.

  WALK THE TALK
  If making a difference in your job is important to you (and,
  based on our data, it probably is!), rethink your assumptions
  about what makes a “good job.” When researching potential
  employers, focus on organizations — nonprofits, government,
  mission-oriented companies — that enable their employees to
  bring their values to work and make a difference. These are
  the jobs that are most likely to make you happy, according
  to Net Impact’s data. And if you’re already employed, look
  for ways your current skills might be applied to impact work,
  and consider how you might weave impact into your daily
  responsibilities and projects. If you can connect the dots of
  your day job to impact, the research shows you’ll be more
  satisfied on the job. And that’s something that all of us, at
  every level and every function, can use more of.




© 2012 Net Impact | www.netimpact.org/whatworkerswant              9
Talent Report: What Workers Want in 2012 | Executive Summary




                                  Endnotes
                                  1
                                      Towers Watson, “The Power of Three: Taking Engagement to New Heights.”
                                       URL: http://www.towerswatson.com/assets/pdf/3848/Towers-Watson-
                                       EmployeeSurvey_power-of-three.pdf (2011).
                                  2
                                      John Sullivan, “Assess Your Employment Brand Using an Audit Checklist.” URL:
                                       http://www.ere.net/2008/07/21/assess-your-employment-brand-using-an-
                                       audit-checklist (July 21, 2008).
                                  3
                                      Jean M. Twenge, PhD, and Elise C. Freeman, MA, San Diego State University; W.
                                       Keith Campbell, PhD, University of Georgia; “Generational Differences in Young
                                       Adults’ Life Goals, Concern for Others, and Civic Orientation, 1966-2009,”
                                       Journal of Personality and Social Psychology, Vol. 102, No. 5.
                                  4
                                      Corporate Leadership Council, “Driving Performance and Retention Through
                                       Employee Engagement.” Washington DC, 2004.
                                  5
                                      KPMG International Survey of Corporate Responsibility Reporting 2011,
                                       http://www.kpmg.com/PT/pt/IssuesAndInsights/Documents/corporate-
                                       responsibility2011.pdf, p. 6, p. 7.




About Net Impact
Net Impact is a community of more than
30,000 changemakers using our careers to
tackle the world’s toughest problems.

A San Francisco-based nonprofit with more
than 300 chapters worldwide, we provide
support, connections, and practical advice
to help people in all sectors and job functions
create a more just and sustainable future.



For more information:
www.netimpact.org/whatworkerswant




                                      © 2012 Net Impact | www.netimpact.org/whatworkerswant                       10

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What Workers Want In 2012

  • 1. Talent Report: What Workers Want in 2012 | Executive Summary TALENT REPORT: WHAT WORKERS WANT IN 2012 Executive Summary www.netimpact.org/whatworkerswant
  • 2. Talent Report: What Workers Want in 2012 | Executive Summary About This Report Net Impact’s Talent Report: What Workers Want in 2012 set out to investigate how people view ‘impact jobs,’ or jobs that provide the opportunity to make social or environmental impact. This survey looked at a statistically-significant national sample of 1,726 individuals: currently-enrolled university students about to enter the workforce, and currently-employed college graduates spanning three generations (Millennials, Generation X, and Baby Boomers). We examined each group’s life goals, job satisfaction, and prioritization for making an impact at work against other key job criteria. Net Impact is grateful to our funder, The John D. and Catherine T. MacArthur Foundation; our research partners from the John J. Heldrich Center for Workforce Development, based at the Edward J. Bloustein School of Planning and Public Policy at Rutgers University; and our media partner, Edelman for their support. Thanks also to Filene Research Institute for their support. Funded by The MacArthur Foundation With media support by Edelman Full report prepared for Net Impact by the John J. Heldrich Center for Workforce Development at Rutgers, The State University of New Jersey Professor Cliff Zukin Mark Szeltner Full report available online: www.netimpact.org/whatworkerswant Accompanying graphics: www.netimpact.org/whatworkerswantgraphics May 2012 © 2012 Net Impact | www.netimpact.org/whatworkerswant 2
  • 3. Letter from Liz Maw, CEO of Net Impact Employee engagement is a hot topic these days. Studies have tied employee engagement to both satisfaction and productivity,1 and companies realize that keeping employees satisfied is a key to high performance. Employers proudly tout making one of the coveted “100 best places to work” lists,2 and today, more than 25% of Fortune 200 companies have dedicated budget to maintain their rank on such lists. At Net Impact, we believe we’ve identified a significant opportunity gap — one that could potentially double the number of employees who are satisfied with their job. Net Impact’s Talent Report: What Workers Want in 2012 reveals that employees who say they have the opportunity to make a direct social and environmental impact through their job report higher satisfaction levels than those who don’t. In fact, employees who say they can make an impact while on the job report greater satisfaction than those who can’t by a 2:1 ratio. This data is backed up by the two-thirds of graduating university students who tell us that making a difference through their next job is a priority, and by the 45% of students who say they would even take a pay cut to do so. At Net Impact, we believe that work is good for more than just a paycheck. Work is an opportunity to invest ourselves in issues that are important to us. We are thrilled to release this report demonstrating that impact jobs can make employees more satisfied from nine to five, and thus more productive. Perhaps most importantly, with more of us using our working hours to make an impact on society, we can help solve the difficult yet critical problems facing our world today. Sincerely, Liz Maw CEO
  • 4. Talent Report: What Workers Want in 2012 | Executive Summary People Want Their Job to Make a Difference Most people say that having a job that makes a social impact on the world is an important life goal (Fig. 1). In fact, students say it is more important than having children, a prestigious career, being wealthy, or being a community leader — ranking only below financial security and marriage. Professionals show similar prioritization, with having children rising higher on their list of goals. FIG. 1 The Following are Very Important or Essential to My Happiness FINANCIAL SECURITY 92% 91% MARRIAGE 73% 73% A JOB WHERE I CAN 53% MAKE AN IMPACT 72% CHILDREN 61% 59% PRESTIGIOUS CAREER 25% 54% WEALTH 21% 36% COMMUNITY LEADERSHIP 15% 31% WORKERS STUDENTS Students: Optimistic…and Expectant In spite of the current economy and a bleak job market, students are fairly optimistic about both their own personal job prospects and how they can use their careers to make a difference. Fifty- eight percent of students expect to have multiple job offers to choose from. And a majority of students (65%) expect to make a FIG. 2 I Expect YES, WITHIN to Make 5 YEARS | 37% an Impact Through YES, IN 6+ YEARS | 28% My Work... NO | 12% DON'T KNOW/ NO ANSWER 23% © 2012 Net Impact | www.netimpact.org/whatworkerswant 2
  • 5. Talent Report: What Workers Want in 2012 | Executive Summary positive social or environmental difference in the world at some point through their work (Fig. 2, previous page). Furthermore, over half of the student population (58%) would take a 15% pay cut to “work for an organization whose values are like my own” (Fig. 3). FIG. All Other Things Being Equal, 3 35 % ...to work for a company committed to CSR 45% I Would Take a ...for a job that makes a social 15% Paycut... or environmental impact 58% ...to work for an organization with values like my own Job Attributes: Non-Negotiables & Differentiators From our study, we saw three categories of attributes that both students and working professionals care about in their jobs. The first set includes the non-negotiables. As you might expect, attributes like office environment, positive culture, and compensation fall into this category. Next come the differentiators: those attributes that can turn a merely good job into a great one. Among these differentiators are some of those attributes that we at Net Impact are most passionate about, and that we believe employers should invest in to better attract top talent. This includes a job that makes the world a better place or a company that shares their values. Finally, attributes like company prestige and rapid promotion fall lower on the scale for all respondents. See Fig. 4 on the following page. Students appear willing to consider jobs in a variety of sectors. When asked how they would feel about working for different types of organizations — large corporations, small businesses, nonprofit and government — about half expressed a strong preference. Of that half, government work was the most popular first-choice preference, with students citing job security as a main reason. © 2012 Net Impact | www.netimpact.org/whatworkerswant 3
  • 6. Talent Report: What Workers Want in 2012 | Executive Summary FIG. 4 The Following are Very Important or Essential to My Ideal Job WORK/LIFE BALANCE 88% 88% POSITIVE CULTURE 88% 91% INTERESTING WORK 86% 86% JOB SECURITY 86% 90% GOOD COMPENSATION 87% 89% ABILITY TO LEARN & GROW 78% 87% EMPLOYER HAS SIMILAR VALUES 67% 74% CONTRIBUTION TO SOCIETY 53% 65% MAKE A BETTER WORLD 51% 65% MY OPINIONS ARE VALUED 76% 68% FLEXIBLE WORK HOURS 61% 65% ADVANCEMENT OPPORTUNITIES 39% 53% EMPLOYER PRIORITIZES CSR 38% 50% INNOVATIVE EMPLOYER 47% 57% PRESTIGIOUS EMPLOYER 23% 39% WORKERS STUDENTS There is a clear difference between the genders when it comes to sector preference. Female students are significantly more likely to want to work at a nonprofit or small company, while male students are more likely to want a job in government or at a large company (Fig. 5). FIG. 5 I Would Like My Next Job to Be in the Following Sector SMALL COMPANY 59% 65% LARGE COMPANY 64% MALE 58% NONPROFIT 26% FEMALE 50% GOVERNMENT 59% 50% © 2012 Net Impact | www.netimpact.org/whatworkerswant 4
  • 7. Talent Report: What Workers Want in 2012 | Executive Summary Employees: Satisfied With Impact Jobs When we look at on-the-job impact opportunities compared to job satisfaction, we start to see an intriguing picture take shape. Slightly more than half of professionals (55%) say they are currently in a job where they can make a social or environmental impact on the world. These respondents are more satisfied with their job by a 2:1 ratio (49% report high satisfaction levels, compared to just 24% of those who do not have impact opportunities at work). We see these satisfaction levels reinforced when digging into the ways people feel connected to impact through their jobs, too. For example, 45% of employees who say they worked directly on a product or service that makes a positive social impact report being very satisfied with their jobs, compared to 29% of those who don’t. The research finds similar numbers for people who provide input on sustainability or corporate responsibility issues at work, or volunteer alongside their co-workers. Women Care More About Impact Jobs Than Men A number of differences in work attitudes and life goals also show up between the genders. Women consistently express a stronger desire for jobs with impact than men: • Sixty percent of employed women say that working for a company that prioritizes social and environmental responsibility is very important to them, compared to 38% of men. • Thirty percent of working women say they would take a pay cut for a job that makes an impact, compared to 19% of men. • Female students are more likely to want a job with a company that prioritizes corporate responsibility than male students (60% and 40%, respectively). Impact-related priorities are the only ones that significantly differ between male and female students. All other job-related priorities (such as compensation, culture, and flexibility), are very similar across the genders. © 2012 Net Impact | www.netimpact.org/whatworkerswant 5
  • 8. Talent Report: What Workers Want in 2012 | Executive Summary Civic Engagement, Trust & Job Satisfaction Among Generations While the generations are more similar in attitudes toward work than distinct, a few key differences emerged. • Millennials are the most dissatisfied with their current job (24%, compared to 14% of Gen Xers and 18% of Boomers). • While all generations are dissatisfied with opportunities for promotion, Millennials are more dissatisfied than others with how their company values their input and seeks their opinion, as well as with their compensation. Gen Xers are more dissatisfied with their company culture, and Boomers are more dissatisfied than their younger colleagues with the way their company prioritizes social or environmental responsibility. Our study mirrors a number of previous research reports that show a decline in civic engagement between the Boomer generation and the younger generations.3 Specifically: • Less than half of students (43%) reported voting in the last year, compared to nearly three-quarters of Boomers (77%). • Older generations are more likely than younger to report they have boycotted or “buycotted” (i.e. purchased something based on their values) a product or company. • Boomers are also the most likely to say they will donate to causes, volunteer outside of work, or be involved with a religious community. • Boomers trust that people are mostly trying to be helpful (as opposed to looking out for themselves) more than younger generations do. They are also least likely to say it’s important to make a difference to others rather than be personally successful (Figs. 6A and 6B, following page). People Feel Responsible In one encouraging data point, the majority of all generations (61-70%) agree that they have a personal responsibility to make things better for society, rather than leaving it to others. The question remains as to how the younger generations specifically plan to do this, as they show less enthusiasm than Boomers around traditional civic activities like volunteering, donating © 2012 Net Impact | www.netimpact.org/whatworkerswant 6
  • 9. Talent Report: What Workers Want in 2012 | Executive Summary money, and political participation. Net Impact would like to see these feelings of personal responsibility manifested in the workplace, and our mission is to help both employees and employers make that a reality. FIGS. 6A & 6B Generational Trust and Generosity STUDENTS MILLENNIALS GEN X BOOMERS MOSTLY, PEOPLE TRY TO BE HELPFUL 36% 39% 50% 59% MOSTLY, PEOPLE ARE JUST LOOKING OUT FOR THEMSELVES 62% 60% 48% 39% STUDENTS MILLENNIALS GEN X BOOMERS IT IS MOST IMPORTANT TO ME TO 54% 49% 58% 67% MAKE A DIFFERENCE FOR OTHERS IT IS MOST IMPORTANT TO ME TO 44% 49% 39% 32% TO BE PERSONALLY SUCCESSFUL © 2012 Net Impact | www.netimpact.org/whatworkerswant 7
  • 10. Talent Report: What Workers Want in 2012 | Executive Summary Putting the Data to Work: For Employers In order to satisfy, attract, and engage top talent,4 employers would be well advised to place a greater emphasis on connecting jobs to social and environmental impact. In good news, many employers are already taking steps to do this at a macro level, with 95% of Fortune 250 companies publishing sustainability reports5 and nonprofits like Teach for America actively recruiting on college campuses (and becoming the #1 choice for thousands of undergrads). But there is more that employers can do: MAKE IT THE DNA OF EVERYONE’S DAY JOB While most employees want to feel a direct link between their day job and making a social and environmental impact, that can be hard to do when bogged down in the daily grind of emails and meetings. Executives must clearly define and articulate their organization’s broader mission and priorities first, and then connect the dots to every department and level of staff. In addition, employees need to understand how their skills can be applied to specific impact-related activities, either as part of their job description (such as through product or service development), or as an initiative that goes above and beyond their daily role (such as starting a volunteer program). Several short case studies can be found on Net Impact’s website, www.netimpact.org/whatworkerswant. RECRUIT FOR IMPACT Once impact opportunities have successfully become embedded in the DNA of the day job across an organization, companies can and should integrate this message into recruiting efforts. The majority of students in our study, for example, expect their future job to offer impact opportunities. Companies or nonprofits that offer students direct ways to engage with such opportunities through their job will have a recruiting advantage over others that can’t. WINNING WOMEN OVER For employers hoping to attract and retain more women, investments in impact jobs will pay off, as women are much more likely than men to say making a difference is important to them. The corporate sector especially can benefit from connecting jobs to impact, as female students are less likely than men to prioritize employment at a large company. © 2012 Net Impact | www.netimpact.org/whatworkerswant 8
  • 11. Talent Report: What Workers Want in 2012 | Executive Summary Putting the Data to Work: For Employees & Students Job seekers and employees have the opportunity to derive greater levels of satisfaction and productivity from their nine-to- five by seeking out, carving out, and making the most of impact opportunities. KNOW YOUR VALUES Not surprisingly, workers indicate a big preference for jobs that align with their values, so being clear about what those are will help during the job search. This clarity will allow students to identify which potential employer is a values-match, and which is not. Net Impact’s Six Steps to Job Search Success (www.netimpact.org/jobsearchsteps), can help job seekers better articulate what they’re looking for. FIND YOUR VOICE While many employers seek to tie mission into every job, not all organizations have clear paths laid out for those who want to make an impact. Knowing how to make a business case to upper management for why an employer should provide impact opportunities is critical to gaining buy-in. Check out www.netimpact.org/impactatwork for more resources for aspiring workplace changemakers. WALK THE TALK If making a difference in your job is important to you (and, based on our data, it probably is!), rethink your assumptions about what makes a “good job.” When researching potential employers, focus on organizations — nonprofits, government, mission-oriented companies — that enable their employees to bring their values to work and make a difference. These are the jobs that are most likely to make you happy, according to Net Impact’s data. And if you’re already employed, look for ways your current skills might be applied to impact work, and consider how you might weave impact into your daily responsibilities and projects. If you can connect the dots of your day job to impact, the research shows you’ll be more satisfied on the job. And that’s something that all of us, at every level and every function, can use more of. © 2012 Net Impact | www.netimpact.org/whatworkerswant 9
  • 12. Talent Report: What Workers Want in 2012 | Executive Summary Endnotes 1 Towers Watson, “The Power of Three: Taking Engagement to New Heights.” URL: http://www.towerswatson.com/assets/pdf/3848/Towers-Watson- EmployeeSurvey_power-of-three.pdf (2011). 2 John Sullivan, “Assess Your Employment Brand Using an Audit Checklist.” URL: http://www.ere.net/2008/07/21/assess-your-employment-brand-using-an- audit-checklist (July 21, 2008). 3 Jean M. Twenge, PhD, and Elise C. Freeman, MA, San Diego State University; W. Keith Campbell, PhD, University of Georgia; “Generational Differences in Young Adults’ Life Goals, Concern for Others, and Civic Orientation, 1966-2009,” Journal of Personality and Social Psychology, Vol. 102, No. 5. 4 Corporate Leadership Council, “Driving Performance and Retention Through Employee Engagement.” Washington DC, 2004. 5 KPMG International Survey of Corporate Responsibility Reporting 2011, http://www.kpmg.com/PT/pt/IssuesAndInsights/Documents/corporate- responsibility2011.pdf, p. 6, p. 7. About Net Impact Net Impact is a community of more than 30,000 changemakers using our careers to tackle the world’s toughest problems. A San Francisco-based nonprofit with more than 300 chapters worldwide, we provide support, connections, and practical advice to help people in all sectors and job functions create a more just and sustainable future. For more information: www.netimpact.org/whatworkerswant © 2012 Net Impact | www.netimpact.org/whatworkerswant 10