2018 has proven to be an exciting year for employee engagement. As we ramp up our efforts to engage and retain more of our workforce, how are we doing?
Here are a few shocking statistics we think you should know about the state of the workplace in 2018 and a number of ways to combat them:
The Shocking Stat:
80% of workers feel stressed on the job.
The Solution: Implement Professional Development Opportunities
While it may seem counterintuitive to add more to an employee’s plate, 48% of employees say that investing in professional development is one of the highest-impact strategies to combating stress that their company can do. Providing opportunities for employees to learn and grow and investing in them as individuals can do wonders for their overall well-being.
Think this seems obvious? Maybe it is, but only 30% of employees say they have someone who encourages their development at work which could be a reason why we’re seeing 80% of the population pulling out their hair.
If you want to do more to encourage professional development at work, start here.
The Shocking Stat:
Of the 5 billion people on the planet, only 1.4 billion have a good job, and just 16% of those are engaged.
The Solution: Offer Competitive Benefits and Perks
Start by considering what makes a good job in the first place. According to 21% of Millennials, a good work environment is defined as one that offers incentives and perks. Are your benefits competitive? Do your employees constantly stress about their physical or financial health?
Find ways to ease the burden by offering competitive benefits plans and/or a perks program to help employees stretch their paycheck.
The Shocking Stat:
89% of bosses believe employees quit for more money. The truth? Only 12% of employees actually leave for more money.
The Solution: Empower Leadership
If it’s not salary, what is the problem? Studies show that 75% of employees leave their job because of their boss. This could be because 58% of managers today have not received any form of management training.
Professional development should not be limited to lower level employees. Make sure you’re empowering your management teams to lead well. This means focusing on transparency and mentorship among your leaders and again, creating those opportunities for them to learn and grow as well.
The Shocking Stat:
12% of businesses are happy with their current level of employee engagement.
The Solution: Recognize, Reward, Retain
Although 90% of leaders think an engagement strategy would help, less than 25% actually have one. How can we expect to improve employee engagement without setting a real strategy in place?
One of the biggest ways to impact employee satisfaction and retention is with a simple “job well done”. It’s easy to forget to recognize employees’ achievements, but doing so can make or break employee happiness. In fact, 47% of employees say they would like to receive rewards spontaneously.
Creating strategies to reward and recognize employees, like PerkSpot’s recognition program, means making a difference for your employees and your business.
Want to find more solutions for your employee engagement strategies? Chat with us today about how PerkSpot could change the state of your workforce.
