Achievers Survey Finds Without Recognition, Expect Employee Attrition in 2018
18 Janvier 2018 - 1:15PM
A recent survey conducted by Achievers, an industry leading
provider of employee recognition and engagement solutions, revealed
that more than 1,700 respondents indicated that recognition and
rewards impact their decision to stay with their current employer
or look for new employment. In fact, more than half surveyed said
they plan to seek new jobs in 2018, with more than one-quarter
citing a lack of recognition for their efforts by their current
employer driving their decision.
Achievers General Manager, Owen Sagness, said, “With
unemployment at record low levels, it’s more important than ever
before to retain valuable talent. These findings underscore that
employees are less influenced by incentives such as free lunch.
They want to work for an employer that recognizes and rewards their
contributions to meaningful work.”
Conducted from December 5–15, 2017, the online survey received
1,724 responses from employees in the U.S., Canada, U.K. and
Australia. Job titles ranged from coordinator up through vice
president and across vertical industries such as retail,
hospitality, financial services, technology, healthcare,
professional services and government. More than half (55 percent)
of the respondents said their 2018 plans include switching jobs,
with the main reasons being ready for a change (31 percent) and
lack of recognition and engagement at their current employer (44
percent).
When asked what would motivate them to remain with their current
employer, respondents cited interesting work (74 percent) and
recognition and rewards (69 percent) as the top factors.
Compensation was seen as a lower priority for the workers surveyed,
ranking below positive corporate culture and opportunities for
career advancement.
When asked about additional perks, more time off (57 percent)
and the ability to work remotely (55 percent) garnered more
favorable feedback in relation to increased retention. Other extras
such as onsite game rooms and fitness classes, and free food and
social events received more neutral rankings.
The group of survey respondents based in North America expressed
firm opinions when queried about the role a positive corporate
culture played in their decision to stay with or leave their
current employer. Seventy-six percent cited a positive corporate
culture as important or very important. When asked if they plan to
look for a new job in 2018, 74 percent of the same subset of
respondents said yes.
Ben Eubanks, Principal Analyst, Lighthouse Research &
Advisory, commented, “A positive corporate culture motivates
employees by offering career advancement combined with recognition.
That blended approach helps employers fill critical roles with
highly motivated staff, because nothing derails a business faster
than having knowledgeable employees leave for the competition.
Organizations should heed findings such as those uncovered by this
Achievers survey.”
The survey infographic is available for download by accessing
https://goo.gl/X91ukH
About AchieversThe Achievers Employee
Recognition and Rewards solution provides companies with a robust
foundation for their employee engagement initiatives by enabling
both social and rewards-based recognition. Designed for today’s
workplace, Achievers’ innovative cloud-based platform can increase
employee engagement and drive business success. It empowers
employees to recognize and reward each other in real time and
aligns employees with company values and goals. Delivering millions
of recognitions annually, the Achievers platform inspires employee
loyalty, engagement and performance. Visit us at www.achievers.com
and https://blog.achievers.com. Achievers is a subsidiary of
Blackhawk Network Holdings, Inc., and is headquartered in Toronto
and San Francisco.
About Blackhawk NetworkBlackhawk Network
Holdings, Inc. (NASDAQ:HAWK) is a global financial technology
company and a leader in connecting brands and people through
branded value solutions. Blackhawk platforms and solutions enable
the management of stored value products, promotions and incentive
programs in retail, ecommerce, financial services and mobile
wallets. Blackhawk’s Hawk Commerce division offers technology
solutions to businesses and direct to consumers. The Hawk
Incentives division offers enterprise, SMB and reseller partners an
array of platforms and branded value products to incent and reward
consumers, employees and sales channels. Headquartered in
Pleasanton, Calif., Blackhawk operates in 26 countries. For more
information, please visit blackhawknetwork.com, hawkcommerce.com,
hawkincentives.com or our product websites giftcards.com,
giftcardmall.com, cardpool.com, giftcardlab.com and
omnicard.com.
Note to editors: Trademarks and registered trademarks remain the property of their respective owners. The online “New Year, New Job” survey was conducted by Achievers between December 5-15, 2017.
The sample size included 1,724 respondents located in the U.S., Canada, U.K. and Australia.
Media Contact:
Jeanne Achille
The Devon Group for Achievers
(732) 706-0123, ext. 700
jeanne@devonpr.com
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