Beyond benefits and pay

Despite indications that the labor market is easing in many regions, talent acquisition remains challenging and is becoming more complex. McKinsey’s 2025 HR Monitor Survey shows that hiring success in Europe stands at just 46 percent. A contributing factor to limited hiring success may be a growing disconnect between HR measures and candidate preferences and needs. While the survey results point to remuneration along with additional benefits as a top factor in changing jobs, Partner Julian Kirchherr and coauthors caution against focusing primarily on compensation. Instead, HR departments should prioritize efforts across all the top five factors relevant for employees while also aligning with fast-changing business and candidate needs.

According to employees, remuneration and additional benefits are the most important factors driving a job change.

To read the report, see “HR Monitor 2025,” July 3, 2025.