Employees who have left Nokia are generally satisfied with their situation
Some 80% have got a new beginning: in a new job, as entrepreneurs or through studying
A survey conducted by HRM Partners Ltd, partnering with Nokia, has revealed that employees who have left Nokia are generally satisfied with their situation. The survey was targeted at employees who had left Nokia, and who had also taken part in outplacement training provided by HRM Partners. The survey addressed the situation as of February 2014, by which time on average some 18 months had elapsed since employees had left Nokia. The number of respondents totaled 894. Respondents consisted of specialist, managers and directors whose employment had ended between the years 2011 and 2013. They came from the Capital Area, Oulu, Salo and Tampere. They had a high level of education together with considerable experience: more than 80% had university degree, while 73% had been in Nokia’s employment for more than 10 years.
Over 70% of respondents reported being quite satisfied or very satisfied with their current situation. The most satisfied were entrepreneurs, while the most dissatisfied were those who were without employment.
Nokia provided support for those leaving the company by means of its sizeable Bridge program – offering assistance to would-be entrepreneurs, job-seekers and those interested in studying. In Finland, the program was offered to approximately 5000 employees, and was intended to help them find a new path in their careers. This social responsibility program was highly appreciated by those who took advantage of it, with some 90% rating it as quite valuable, or very valuable.
HRM Partners had responsibility for outplacement training, as well as recruitment service within Nokia’s Bridge Career Service. Feedback from the trainings was very positive, and in particular individual coaching sessions were found to be very useful. Long-term support given by recruitment service proved to be especially helpful when motivation to maintain an active job-search became difficult over time.
There were no considerable differences between geographical areas, but finding suitable employment was slightly easier in the Capital Area and Tampere. 40% of new jobs came from large companies. Changing business field proved popular, as 48% of the re-employed now work in other fields than ICT.
As permanent jobs were not always available, some 23% of the re-employed took hold of the opportunity to start with fixed-term employment.
Many were able to find employment rather quickly, in particular those under 40
Of those who found work, over half were employed within three months. “This is an extremely good result, given today’s labor market conditions”, says Elina Palmroth-Leino of HRM Partners, who had responsibility for recruitment service developed for Nokia employees. “The initiative of the individual job-seeker proved decisive”, she continues, “because most of the new jobs that people found came via their own networks.”
Age seems to have played a role in finding work. A large number of those under 40 (69%) had found work, compared to a figure of 37% for those over 50. 61% of those under 40 year-olds had succeeded in finding new jobs in under three months.
In terms of new jobs, possibilities to develop professional skills and to gain balance between working life and free time were the most appreciated factors. Location too was rated highly with very few respondents being willing to move to a new area for work. Salary level was not particularly significant and indeed 57% settled for less money than they had been earning at Nokia.
Nokia offered support to those leaving to be entrepreneurs both financially and through training. This support produced visible results – about 10% of respondents opted for this choice which lead to the creation of over 400 new firms in Finland. The best aspects of being an entrepreneur were, according to respondents, freedom and the opportunity to engage in meaningful work and develop professional skills. Of those who had become entrepreneurs, 64% reported that their businesses had taken shape rather well, or very well, in accordance with their business plan.
A part of former Nokia employees were interested to study. The most obvious reason for this was to improve their employability.
The experience of former Nokia employees has spread throughout the whole society
Before securing employment or studies former Nokia employees were able to use their time for a number of different purposes. Some 10% took a sabbatical. A considerable number of people enjoyed the possibility of studying something or doing voluntary work. A considerable number of respondents (24%) had been in fixed-term assignments amassing work experience. There were also many comments to do with house-building projects and spending time with the family.
All-in-all these results are encouraging. The vast majority succeeded in finding a suitable alternative for themselves after their career at Nokia. The professional skills of experienced employees are then being utilized in both the private and public sectors. Without Nokia’s huge investment in the Bridge program, the situation would undoubtedly be far worse. Support for job-seeking, for establishing companies and for continuing studies has proved to be a solid investment for Nokia and society as a whole.
Additional information and contacts:
HRM Partners Ltd
Tel +358 50 547 6441