What are your peers’ top five concerns heading into the rest of 2010? A recent study reveals what HR and benefits pros are thinking and doing.
By now, it’s no secret that the recession has killed employee job satisfaction and productivity. The No. 1 reason: Payroll budgets have dropped off a cliff.
But employers are determined to find ways to keep talented employees happy and working hard, without increasing payroll, found a recent CareerBuilder survey.
What did the survey of more than 2,700 employers uncover?
Employers’ top five concerns are:
- Providing competitive compensation (34%)
- Maintaining productivity levels (33%)
- Retaining top talent (31%)
- Worker burnout (30%), and
- Providing employees with opportunities to move up in the organization (25%).
Becoming more flexible
Despite their concerns, many employers feel as though they have the power to keep employees happy and productive without breaking the bank.
Here’s how they plan to do it:
- Offer more flexible work arrangements (28%)
- Provide more training (21%)
- Promise future benefits, like raises or promotions, when the economy picks back up (18%)
- Offer more performance-based incentives, like company-paid vacations (16%), and
- Provide a higher title without a salary increase (7%).