Startups, plus team and company size
Part of attracting great talent and nurturing your team is more than perks and pay—it’s work environment. Your company’s engineering and product team size play a role, too.
To discover how non-perks influence a candidate’s decision when considering a new company, we asked if they’d be willing to get on board with a startup and what their ideal team size looks like.
Startup: While a startup company can’t grow into an established brand at the drop of a hat, knowing where candidates stand gives insight into how many are willing to take a chance. More than half of the candidates surveyed (52.3%) don’t swing heavily one way or the other and say sure, why not. Close behind, 41.4% would absolutely take a chance, leaving a mere 6.3% that answer no way, too much risk.
The tech industry is a magnet for budding entrepreneurs, so if you expected candidates to be more receptive to working for a startup company—despite signing the dotted line for a higher-risk role—you’re spot on.
Whether a company is a startup, however, doesn’t indicate its size. To find out what company size tech workers prefer, we turned to Indeed.com data. As it turns out, the majority (44.1%) prefer mid-sized companies of 101-999 employees. Next in line, 30.1% say they’d rather work for large companies that have 1000+ employees, while 21.9% lean towards smaller companies of 1-100 employees.
The main reasons workers prefer larger companies: Over 40% say it’s because larger companies are more likely to offer job stability, flexibility and work/life balance, higher salary, more career growth opportunities, and better benefits and perks.
Ideal team size: Ideal team size may vary depending on the company and product, but our results prove that the majority of candidates have similar opinions: 34.2% prefer to work in teams of eight, 26.9% agree on teams of five and 14.3% do their best work in teams of 13.
Perks that bring the team together
In the end, how much of an impact do these types of perks have in swaying talent to say yes to your company? We surveyed candidates on a couple of the most popular extras to find out: happy hours and offsite activities.
Happy hours: Whether offsite or on, happy hours can give employees a chance to de-stress and network—or head for the hills. As it turns out, a whopping 67.9% prefer to have happy hours on occasion. A smaller percentage (21%) would rather rarely go to happy hours, and a very small minority (11.1%) would like to have frequent happy hours.
Out-of-office activities: From offsite training and development to outings dedicated strictly to fun, activities outside of the office can help employees refocus and connect. About half (49%) are indifferent, 35.4% would love to engage outside of the office and 15.6% say no thanks.
Just because your company offers perks, doesn’t mean a candidate will say yes to your offer—compensation and traditional benefits, like healthcare and retirement savings plans, are big decision drivers. In fact, according to Indeed.com, pay, financial rewards and benefits are important to 92.9% of tech workers.
Build your dream team to last
Growing a successful engineering team can be a challenge, but it’s not impossible. Sometimes, all it takes is a closer listen to find out what motivates your employees to do their best work, whether that be the occasional happy hour to break away from screen time or a team structure adjustment.
In the end, company success relies on creating a positive and rewarding employee experience. In doing this, you’ll not only have a greater chance of attracting the right candidates, but engaging them for years to come.