What Cyber Security Talent is Looking for!

Welcome back to Talent Tracker - Cyber Security!

This week, we delve into what cybersecurity professionals seek when considering new job opportunities. Understanding these factors can help your organisation attract and retain top talent in this competitive field.

1. Competitive Compensation and Benefits

It's no surprise that salary and benefits packages play a crucial role in job decisions. Cybersecurity professionals are highly skilled and in demand, and they expect to be compensated accordingly.

- Market Rates: A 2022 survey by (ISC)2 found that competitive salary was the top factor for cybersecurity professionals in the U.S. when considering a job change. Ensure your compensation packages align with or exceed market rates to attract the best talent.

- Comprehensive Benefits: Offering comprehensive benefits, including health insurance, retirement plans, and bonuses, can make your organization more attractive. According to a study by Enterprise Strategy Group (ESG) in the UK, over 70% of cybersecurity professionals consider benefits packages very important when evaluating job offers.

2. Opportunities for Career Advancement

Cybersecurity professionals value clear pathways for career growth and development. They want to know that their new role will offer opportunities to advance their skills and climb the career ladder.

- Promotion Prospects: A report from the Chartered Institute of Information Security (CIISec) in the UK highlights that 62% of cybersecurity professionals seek roles that offer clear promotion prospects.

- Professional Development: Investing in professional development programs, such as funding certifications and offering training opportunities, can make your organization more appealing. In Israel, 78% of cybersecurity professionals surveyed by Check Point Software Technologies indicated that ongoing training and development are critical factors in their job satisfaction.

3. Work-Life Balance

The demanding nature of cybersecurity roles means that work-life balance is a significant consideration for job seekers. Flexible working conditions can be a major draw.

- Remote Work Options: The COVID-19 pandemic has normalized remote work, and many professionals prefer it. A study by Cybersecurity Insiders found that 82% of cybersecurity professionals in Europe prioritize remote work options when looking for new jobs.

- Flexible Hours: Offering flexible working hours can help attract talent who need to balance professional and personal commitments.

4. Company Culture and Work Environment

A positive work environment and strong company culture can significantly impact job satisfaction and retention.

- Inclusive and Supportive Culture: Fostering an inclusive and supportive culture where all team members feel valued can help attract diverse talent. According to a global survey by ISACA, 65% of cybersecurity professionals seek workplaces with strong, positive cultures.

- Team Collaboration: Promoting collaboration and ensuring that cybersecurity teams are well-integrated into the broader IT and business units can improve job satisfaction. The ESG study also highlighted that effective teamwork and a collaborative environment are highly valued by cybersecurity professionals.

5. Cutting-Edge Technology and Challenging Work

Cybersecurity professionals are passionate about their field and often seek roles that provide access to the latest technologies and challenging projects.

- Access to Advanced Tools: Providing your team with access to cutting-edge cybersecurity tools and technologies can be a significant draw. The ISACA survey found that 58% of cybersecurity professionals prioritize roles that allow them to work with advanced technology.

- Challenging Projects: Engaging your team in challenging and impactful projects can boost job satisfaction. Professionals want to feel that their work is making a difference and contributing to the security of their organization.

Attracting and Retaining Top Talent

Attracting and retaining top cybersecurity talent requires a comprehensive approach that addresses competitive compensation, career advancement opportunities, work-life balance, company culture, and access to advanced technology. By understanding and prioritising these factors, your organisation can stand out in the competitive job market and secure the skilled professionals needed to safeguard your digital assets.

We have a document detailing 2024 London Cyber Professional Salary Bandings and a Diversity, Equity and Inclusion guide supporting your organisation being as inclusive as possible. If you would like a copy of either document please click the link here.

Stay tuned for more insights, tips, and news in our upcoming issues. Together, we can build a safer digital future.

Lauren Watkins

LHW Partners

Issue #03

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Thank you for reading the third issue of Talent Tracker - Cyber Security. If you have any topics you'd like us to cover or questions to address, feel free to reach out. Until next week, stay secure!