The labor market’s tight, but that’s not stopping workers from trying to jump ship to another employer.
Why the rush to find greener pastures?
- 66% of American workers are not satisfied with their compensation
- 68% aren’t happy with their employer’s contributions to their 401(k) plans
- 78% don’t like their company’s retention efforts, and
- 76% aren’t satisfied with career growth opportunities at their company.
Those figures come from Adecco’s new American Workplace Insights survey.
Boosting job satisfaction
Four ways companies can pump up satisfaction among workers, according to Adecco:
1. Make retention efforts more visible to workers. Companies and managers may be doing all they can to retain employees, but those efforts need to be seen by the workforce.
2. Explain salary decisions. If you suspect salaries aren’t sitting well with workers, explain the reasons behind lower pay. Help them see it’ll help the company through this economy.
3. Provide non-cash rewards. Put in extra effort where extra investment is not possible. Just recognizing good work — though e-mail, handwritten letters, etc. — can boost morale and ease compensation complaints.
4. Show employees where they can grow. When employees are given a map of what they need to do to move up in the organization they are more likely to invest their time and energy to help that business grow.