Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
A Bad “Rep” Can Impact a Company’s Ability to Attract Top Talent
Author: Scarinci Hollenbeck, LLC
Date: October 15, 2013
Key Contacts
Back
A new survey suggests that prospective employees seriously consider a company’s reputation during their job search. In fact, almost 70 percent of job seekers would turn down jobs if the company had a bad “rep,” even if they are currently unemployed.
The findings are part of an annual corporate reputation survey prepared by Corporate Responsibility Magazine and Allegis Group Services, entitled “Employment Cost of a Bad Reputation Survey.” Researchers polled over 1,000 employed and unemployed Americans to assess how corporate reputation and transparency impact job decisions.
Below are a few key findings:
- Prospective employees are five times more likely to refuse a job offer from a company with a bad reputation.
- Sixty-two percent of those currently employed would take that job with a company that had a bad reputation but only if they were offered significantly more money, with the majority requiring an increase of 50 to 100 percent.
- Eight-four percent of those currently employed would consider leaving their current jobs if offered another role with a company that had an excellent corporate reputation. In such case, a modest pay increase of only one to ten percent would serve as sufficient inducement.
“The results of this year’s survey demonstrate the importance of a positive corporate reputation in recruiting and retaining talent. Our year-over-year analysis shows that this sentiment remains strong among employees and potential new hires in 2013,” said Elliot Clark, CEO of Corporate Responsibility Magazine.
The survey highlights that a company’s business practices can have a wider impact than may be otherwise appreciated. While the positive reputation of corporate responsibility can go a long way in attracting top talent, the negative forces of scandals, lawsuits, regulatory fines and bad press can make recruiting significantly more difficult, particularly without overpaying in order to overcome the stigma that a bad “rep” brings.
If you have any questions about the survey or would like to discuss your company’s corporate responsibility efforts, please contact me, Gary Young, or the Scarinci Hollenbeck attorney with whom you work.
- Locations: Red Bank, NJ, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Does Your Homeowners Insurance Provide Adequate Coverage?
Your home is likely your greatest asset, which is why it is so important to adequately protect it. Homeowners insurance protects you from the financial costs of unforeseen losses, such as theft, fire, and natural disasters, by helping you rebuild and replace possessions that were lost While the definition of “adequate” coverage depends upon a […]
Author: Jesse M. Dimitro
Understanding the Importance of a Non-Contingent Offer
Making a non-contingent offer can dramatically increase your chances of securing a real estate transaction, particularly in competitive markets like New York City. However, buyers should understand that waiving contingencies, including those related to financing, or appraisals, also comes with significant risks. Determining your best strategy requires careful analysis of the property, the market, and […]
Author: Jesse M. Dimitro
Fred D. Zemel Appointed Chair of Strategic Planning at Scarinci & Hollenbeck, LLC
Business Transactional Attorney Zemel to Spearhead Strategic Initiatives for Continued Growth and Innovation Little Falls, NJ – February 21, 2025 – Scarinci & Hollenbeck, LLC is pleased to announce that Partner Fred D. Zemel has been named Chair of the firm’s Strategic Planning Committee. In this role, Mr. Zemel will lead the committee in identifying, […]
Author: Scarinci Hollenbeck, LLC
Novation Agreement Process: Step-by-Step Guide for Businesses
Big changes sometimes occur during the life cycle of a contract. Cancelling a contract outright can be bad for your reputation and your bottom line. Businesses need to know how to best address a change in circumstances, while also protecting their legal rights. One option is to transfer the “benefits and the burdens” of a […]
Author: Dan Brecher
What Is a Trade Secret? Key Elements and Legal Protections Explained
What is a trade secret and why you you protect them? Technology has made trade secret theft even easier and more prevalent. In fact, businesses lose billions of dollars every year due to trade secret theft committed by employees, competitors, and even foreign governments. But what is a trade secret? And how do you protect […]
Author: Ronald S. Bienstock
What Is Title Insurance? Safeguarding Against Title Defects
If you are considering the purchase of a property, you may wonder — what is title insurance, do I need it, and why do I need it? Even seasoned property owners may question if the added expense and extra paperwork is really necessary, especially considering that people and entities insured by title insurance make fewer […]
Author: Patrick T. Conlon
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
A Bad “Rep” Can Impact a Company’s Ability to Attract Top Talent
Author: Scarinci Hollenbeck, LLC
A new survey suggests that prospective employees seriously consider a company’s reputation during their job search. In fact, almost 70 percent of job seekers would turn down jobs if the company had a bad “rep,” even if they are currently unemployed.
The findings are part of an annual corporate reputation survey prepared by Corporate Responsibility Magazine and Allegis Group Services, entitled “Employment Cost of a Bad Reputation Survey.” Researchers polled over 1,000 employed and unemployed Americans to assess how corporate reputation and transparency impact job decisions.
Below are a few key findings:
- Prospective employees are five times more likely to refuse a job offer from a company with a bad reputation.
- Sixty-two percent of those currently employed would take that job with a company that had a bad reputation but only if they were offered significantly more money, with the majority requiring an increase of 50 to 100 percent.
- Eight-four percent of those currently employed would consider leaving their current jobs if offered another role with a company that had an excellent corporate reputation. In such case, a modest pay increase of only one to ten percent would serve as sufficient inducement.
“The results of this year’s survey demonstrate the importance of a positive corporate reputation in recruiting and retaining talent. Our year-over-year analysis shows that this sentiment remains strong among employees and potential new hires in 2013,” said Elliot Clark, CEO of Corporate Responsibility Magazine.
The survey highlights that a company’s business practices can have a wider impact than may be otherwise appreciated. While the positive reputation of corporate responsibility can go a long way in attracting top talent, the negative forces of scandals, lawsuits, regulatory fines and bad press can make recruiting significantly more difficult, particularly without overpaying in order to overcome the stigma that a bad “rep” brings.
If you have any questions about the survey or would like to discuss your company’s corporate responsibility efforts, please contact me, Gary Young, or the Scarinci Hollenbeck attorney with whom you work.