North American employees are getting up and walking out — and your team could be next. As a business leader, you’re frequently searching for preventative solutions to stop this from happening. And, of course, you want to do what’s best for your team, their careers, and the overall well-being of your company.
However, the retention epidemic hasn’t stopped growing. It seems no matter how many fun, creative benefits, like free lunches, smoothie bars, and yoga rooms employers offer, they can’t hold on to valuable team members.
Unfortunately, many leaders are finding that the nuances of these workplace perks wear off, leaving them back where they started — sending out job descriptions, sitting in timely interviews, and spending more money on the recruitment process.
So, what’s the key to making your employees stay? Naturally, many leaders immediately turn to pay increases, but this is still missing the mark. Employees are actually looking for more meaningful reasons to stay connected to their careers, companies, and employers.
Achievers — an employee engagement and recognition platform — created the infographic below to help organizations understand what will entice employees to stay for the long-haul.
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Here’s what employees are saying:
- 74% of North American employees say they’ll be looking for a new job in 2018.
- 85% of North American employees between 25 and 34 are looking for a new job.
- Only 28% of all survey respondents ranked compensation as “very important” when it comes to retention.
- 76% of North American employees say a positive corporate culture impacts their decision to stay with a company.
- 36% of North American employees noted a lack of recognition as the number one reason they’re considering switching jobs.
Take on the retention epidemic by using daily pulse surveys to understand how employees feel about their workplace experience:
What tips do you have for business leaders dealing with a drop in retention? Let us know!