Job Acceptance Factors and Total Rewards Preferences Among Business Students
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Date
2020-05
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The Ohio State University
Abstract
Employee turnover is a cost for businesses, and companies should put a strong focus on designing the employee experience in order to attract and retain the strongest available talent, to reduce this cost. This study explores total rewards preferences, which are the aspects of a job offer, both tangible and intangible, among business students at The Ohio State University to determine which aspects of an employment package are most important to students when considering a job offer, along with an exploration of demographic differences in preferences among business students. Data collected through a survey suggests that the most important total rewards factors are salary, benefits, and the perceived culture of the organization. Salary was consistently the most important factor for students. This data can be used to support the design of the total rewards strategy for businesses in order to ensure that time and resources are going toward a total rewards package that will assist in meeting strategic goals.
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Keywords
total rewards, job acceptance, human resources, business