Saturday, December 14, 2019
Survey These are the reasons employees stay or dont
Survey These are the reasons employees stay or dontSurvey These are the reasons employees stay - or dontGlobal human capital management technology company Ceridian recently released the 2017 Pulse of Talent Report showing that good relations with colleagues was the most popular reason high performers remained with their employers, cited by 49% of high-performing employees.Respondents could pick mora than one answer on the survey, and these other reasons werent far behind good salary (48%), interesting work (47%), and good working conditions and job security (both 46%).Workers in the high performing category were defined as those with the best job dedication and the strongest commitment to helping the company achieve its goals.Researchers surveyed 1,602 people in Canada and the U.S., who represented salaried and hourly workers, as well as a mix of full-time and part-time employees 18 years of age and older. The Nielsen Companycarried out the study for Ceridian.Generational differenc esThe reportalso looked at how different generations view their current work situations. Among those surveyed in North America who havent hit age 30 yet, more than half want to stay where they currently work for fewer than 5 years. Older workers were happier to stay put. For all participants, the number looking to leave within five years was 38%.Where high-performers workAmong high performers in both the U.S. and Canada, 85% say theyre employed at places that make their values evident (compared to 72% of all surveyed), 72% know what their company seeks to accomplish professionally (compared to 49% of all surveyed), and 81% feel positive or very positive about the companys financial future (compared to 69% of the general population).But money has the power to make some star hires leave - the report looked at high performers rated as excellent on their last performance assessment and who had gotten promotions a minimum of three times. Their salary was the top reason why they jump ship , at 24%.While 38% of high performers in the U.S. are actively looking for a job, just 13% of them in Canada are.More money can convince some employees to stick aroundFor some respondents, cash is king. Forty-two percentof those surveyed in North America would stick it out at a job they didnt enjoy if their salary went up by 1%-10%. But the money wouldnt make things sweeter for 39% of workers - those respondents wouldnt remain in their job for any price tag if they were in the same situation.Among high performers, 27% of Americans and 46% of Canadians wouldnt take a raise of any dollar amount to stay in a job they werent happy doing.What companies can do to retain employeesFor those actively seeking out new jobs, they picked non-competitive salary, lengthy commute, uninteresting work, a lack of chances for advancement and poor manager relationships as the main five drivers of their departure from a company.While some employees will inevitably leave, there are certain things employe rs can do, according to the report.Lisa Sterling, Chief People Officer at Ceridian commented on the findings in a statement.While salary creates a baseline for happiness at work, it isnt everything. Organizations looking to retain their most effective employees need to invest in a culture that will keep them happy, Sterling said. Work/life balance, opportunity for advancement, and a positive work environment all play a role.She also summed things upin the report, saying that when companies prioritize their workers, the workers do the same in return and choose to work harder in a way that drives a culture of excellence.
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