Only one-third of employees surveyed (33%) plan to stay at their jobs this year, compared to 47% who said the same in 2019. That’s according to a new report conducted by Achievers. Its 3rd annual Employee Engagement & Retention Report recently revealed that in 2020, up to two thirds of employees surveyed could be headed for the door. The likely culprit? Disengagement. In fact, just 19% of employees surveyed consider themselves “very engaged,” while 14% are fully disengaged. Even the 32% surveyed with “average engagement” are open to new job opportunities.
Leadership is falling flat on culture-building
- The perception of leadership’s commitment to culture and employee experience declined, with only 23% of employees surveyed stating senior leaders are “very committed” or have “more than average” commitment, compared to 31% who said the same in 2019.
- One-third of employees (33%) surveyed believe leadership is “minimally committed” to culture and employee experience. This raises serious concerns as it’s up by 7% from 2019.
- Twelve percent of employees surveyed believe leadership in their workplace is “not at all committed” to culture and employee experience.
Absence of recognition is a top driver of turnover, after pay and career growth
- “Lack of recognition” (19%) is a top-three reason why employees surveyed are looking for or considering leaving their jobs, after compensation (52%) and career growth (43%).
- Eighty-two percent of employees surveyed “strongly” or “somewhat” agreed they wish they received more recognition at work, and another 30% of employees feel “not very” or “not at all” valued by superiors.
- When asked how their company or manager is at recognizing them, the top response given by employees surveyed was just “okay” (40%) and nearly one in every five employees said their company or manager was “horrible” at recognizing them.
Employees are leaving because they (still) don’t feel heard
- Ninety percent of workers surveyed said they are more likely to stay at a company that takes and acts on feedback, but when asked how good their company was at soliciting feedback, 15% said “horrible” and 43% chose the second lowest grade—just “okay.”
- When it came to acting on feedback, nearly one in four (23%) said their employers were “horrible” and 44% said just “okay.”
- Of those who said their employer is “horrible” at acting on feedback, nearly half surveyed (44%) plan to look for a new job, compared to the 28% of those who called their company “awesome.”