The average Brit’s loyalty can be bought for around £2,000 (based on average wage of £26,500 – not a CEO’s over-inflated package).
A rise of 5.3% is all that’s needed to switch loyalty to another employer here in the UK.
In faster-growing economies it’s a different matter. Workers in Indonesia and Brazil want 20%, 17% in South Africa and 12% in China.
In Europe Spanish workers, despite the recession, expect around 6% and the French almost 9%.
We’re not the ones making the lowest demands however. Italians, Germans and the Dutch have lower expectations than us.
Of course it’s not ALL about money. In the UK work-life balance came out as the most important consideration followed by location, stability and respect (compensation came 5th). I don’t know the results from every country but I’d guess that Sweden was high on the list for work-life balance too.
Compensation was rated as the most important factor by people in Canada, China, France, Germany, and the USA.
All this according to survey of 18,000 employees by a global advisory company CBE.