The Business Growth Report | Growth is the Business X Factor
U.S. Employees are Obsessed with Working for Growing Companies
A new survey from Kimble, a global leader in professional services automation, titled “The Business Growth Report” reveals one of the chief motivators of American workers is growth. Most believe that working for a growing organization is most likely to help them achieve professional goals and will make them happier too.
The business dynamo that roars its way to success from a garage start up is part of the American dream and most want to be a part of that. One telling statistic is that more than two thirds said they would rather work a 50-hour week for an expanding company over a standard 40 hour week for one that isn’t expected to grow.
Kimble’s findings indicate half would be prepared to consider relocating, ether within the US or internationally, in order to be part of an expanding organization. Most say that their personal happiness is directly impacted by their organization’s rate of growth. A quarter have actually left a job because they felt the organization had stagnated.
They also care about the kind of work that they do. Interestingly, only a third of Americans workers say the most important reason they work is the pay they receive at the end of the month. A third say the primary reason is related to personal development – either career advancement or to feel fulfilled. And almost one in five said the most important reason was to help their organization to grow.
Doing meaningful work means different things to different people. Some see it as work that they feel passionate about while others define it as work that makes the world a better place. But however defined, finding meaning in work is important – almost two in three respondents say the would consider moving to a new job where they see the work as more meaningful.
Read on to see the detailed results of The Business Growth Report.
The survey demonstrated a very clear commitment to expansion. Almost four in five answered that they care about the growth of their organizations.
In another testament to the commitment of American workers to growth, more than two-thirds said they would rather work a 50-hour week for an expanding company over a standard 40-hour week for one that isn’t expected to grow.
American workers are aware of the contribution they make to the success of the organizations that employ them.
American workers feel other reasons to show up every day are more important than simply receiving a paycheck at the end of the month. They want to feel fulfilled, develop their careers, help their organizations to grow and to help others, such as clients and customers.
Almost nine out of ten of the workers who took the survey agree with the statement: ‘I believe that I’ll grow more professionally if the organization I’m working for is also growing.” Half say they they “strongly agree” with this statement.
More than two thirds of workers feel that their own personal happiness and well-being is positively impacted when they work for a growing business. Only a quarter say this is not likely to affect them.
However, when lining up a new position and prioritizing the various factors, pay and conditions were judged the most significant by half of the sample.
When considering a job opportunity, the co-workers were considered the least important factor in decision making.
We often hear that workers, particularly millennials, are keen to do meaningful work. But what exactly does that mean? For half of our sample, it means work that they feel passionately about while for a third it is work that makes the world a better place.
Meaningful work, however defined, matters a great deal. Almost two thirds would be likely to consider taking a new opportunity where they see the work as being more meaningful than their current job.
More than half of US workers would consider relocating within the US to be part of an exciting and growing business. One in five would move anywhere in the world regardless of location to have this experience.
Almost nine out of ten say that if the work is more meaningful to them, they are prepared to do whatever it takes to help the organization to grow.
The biggest reason workers gave for preferring the start up experience to being at a more established organization was the potential for career growth.
But most people don’t waste time envying those whose workplace is growing faster than theirs.
The biggest single factor people gave for business growth is leadership, selecting by 38%, while 32% selected the productivity of the employees.
There was widespread consensus that sharing the right kind of information helps employees to be more engaged with the business growth trajectory.
A significant minority of American workers – more than a quarter – have actually left a job because they felt the organization had stagnated.
Total Responses: 1,000
Age Groups: 18-24 (5.3%), 25-34(32.0%), 35-44(29.8%), 45-54(20.3%), >54(12.6%)
Country: United States
Gender: Male (45.0%), Female (55.0%)