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Julia Irvine 31 Mar 2017 12:08pm

Auditors least likely to change jobs for 20% pay hike

Consultants and auditors are the least likely professionals to change jobs for a 20% salary increase, while those working in media and communications are the easiest to poach provided there’s a larger stash of cash involved

Having said that though, it’s a question of degree: a large proportion of auditors and consultants – 78% – would still happily chuck in their current job for more money, compared to the 93% in media and communications who would have no compunction about being disloyal.

Researchers from salary benchmarking site emolument.com who asked professionals from 16 different sectors whether they would change jobs for a 20% pay rise, found that public sector professionals (not surprising, given comparatively low pay rates) and lawyers (more surprising, given their capacity to earn) were not far behind the media and communications lot: 92% would jump ship for more money.

Among those least likely to be disloyal are professionals working in banking, financial services, technology and telecoms. Again though, a 20% pay hike would prove too attractive to ignore for 80% and 84% of them respectively.

Loyalty to your employer also depends on how much you get paid. Only 79% of employees earning more than £100,000 said they would swap jobs while 99% of those earning under £20,000 would definitely do so.

Interestingly though, employees working for a very small company (one to 10 people) are twice as likely to turn down a better paid job offer (68%) than those in large (250+) companies (84%).

Emolument suggests that this is because those working for start-ups and small companies often take on their jobs for reasons other than pay, such as a belief in the founder’s vision or a more flexible working environment.

Emolument co-founder Alice Leguay says they often have strong attachments and commitments to their company and its founders with whom they work “shoulder to shoulder”.

She also points out that auditors and consultants may be less likely to move because they are concerned about their reputation and work relationships, “which could one day be worth much more than 20% of their salary if one of their colleagues becomes a prominent executive or investor”.

Or, for that matter, if they themselves become a partner.

 

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