Full paper here, including a discussion of the limitations of our approach: repec-cepeo.ucl.ac.uk/cepeow/cepeo...
Full paper here, including a discussion of the limitations of our approach: repec-cepeo.ucl.ac.uk/cepeow/cepeo...
1. Starting salary matters for recruitment. This complements the evidence on importance of pay for retention.
2. Recruitment campaigns should emphasise extrinsic rewards, alongside the many meaningful aspects. Great 2015 example here - watch to the end! www.youtube.com/watch?v=vTzz...
1. Starting salary matters for recruitment. This complements the evidence on importance of pay for retention.
2. Recruitment campaigns should emphasise extrinsic rewards, alongside the many meaningful aspects. Great 2015 example here - watch to the end! www.youtube.com/watch?v=vTzz...
So why do we find such contrasting findings? One possibility:
So why do we find such contrasting findings? One possibility:
The often more severe shortages of teachers in maths and physics is therefore unlikely to be explained by differences in preferences
The often more severe shortages of teachers in maths and physics is therefore unlikely to be explained by differences in preferences
In this graph, points further to right indicate more of a preference
But 1) these are modest 2) high PSM grads place no less weight on extrinsic rewards than low PSM grads
In this graph, points further to right indicate more of a preference
But 1) these are modest 2) high PSM grads place no less weight on extrinsic rewards than low PSM grads
But we find limited evidence for this among those who report they are considering/planning teaching:
But we find limited evidence for this among those who report they are considering/planning teaching:
6 weeks paid leave (grads) -> 13 weeks paid leave (teachers) = +£3.7k salary
Typical 40 hour week -> 52 hours per week (term time teaching) = -£3.2k salary
‘small’ social impact -> ‘significant’ (like teaching) = +£1.2k
TL;DR: Extrinsic rewards matter
6 weeks paid leave (grads) -> 13 weeks paid leave (teachers) = +£3.7k salary
Typical 40 hour week -> 52 hours per week (term time teaching) = -£3.2k salary
‘small’ social impact -> ‘significant’ (like teaching) = +£1.2k
TL;DR: Extrinsic rewards matter
Horizontal axis: change in probability of choosing a job
Eg: Increasing starting salary from £28.5k (grad average UK) to £31.5k (teachers UK) increases probability of choosing a job by 0.08 (8 percentage points)
TL;DR: Pay and hours really matter to undergrads.
Horizontal axis: change in probability of choosing a job
Eg: Increasing starting salary from £28.5k (grad average UK) to £31.5k (teachers UK) increases probability of choosing a job by 0.08 (8 percentage points)
TL;DR: Pay and hours really matter to undergrads.
Our sample completed ~20,000 randomised job choice tasks, with values carefully chosen to reflect teaching and non-teaching jobs
Which would you pick?
Our sample completed ~20,000 randomised job choice tasks, with values carefully chosen to reflect teaching and non-teaching jobs
Which would you pick?