about what companies should expect while navigating the new “normal” work approach and how to avoid employee turnover.
While there has been more employee turnover during the “Great Resignation,” what kind of solutions or incentives would help companies avoid what may be inevitable? When we look at some of the problems there, I think there are many self-inflected wounds, if you will, that organizations are doing, you know, they’re not listening to employees, right? They’re not getting an understanding of the needs of employees overall. Across the U.S.
What trends are we seeing as more people have become more vocal about benefits/pay and opting for a work-life balance?We know that job switchers are largely able to see and are recognizing salary increases. People who stay in the same position [and] only 18% of them receive a salary increase of 10% or more. ..A third of people said benefits didn’t meet their needs. Interestingly, the company took too long to make an offer.
As more people face the pressures of inflation, have more people left their job or have they stayed the same? We know salary increases, in general, are a major driver right now. 40% of the job switchers who responded to oursurvey say they left their job for a company that offered them a raise of 10% or greater. ..Ultimately, the survey results indicate employees are very much in the driver’s seat.