As Economy Improves, More Employees Look Elsewhere

August 25, 2016

As the economy continues to improve, so do the chances of employees looking for new job opportunities in 2016. A new survey from global recruiter and retirement advisor Aon Hewitt finds 52 percent of employees are open to leaving their current employers for new opportunities. Of these employees, 44 percent are actively looking for new roles.

“Encouraged by low unemployment rates and frustrated with lackluster wage increases, many U.S. workers are looking for new and better jobs,” said Ray Baumruk, employee research leader at Aon Hewitt. “In many cases, employees are being selective about the kinds of companies they work for—favoring those that offer exceptional experiences and benefits that align with their personal values.”

Aon Hewitt’s Workforce Mindset study, which surveyed more than 2,000 U.S. employees, explored the characteristics that make an employee’s experience unique and different. It found the top five workplace differentiators to be:

  • Provides above average pay (62 percent)
  • Provides above average benefits (61 percent)
  • Is a fun place to work (58 percent)
  • Has a flexible work environment (57 percent)
  • Is a strong fit with my values (56 percent)

Aon Hewitt says its research also shows a close link between employees’ employment experiences and their level of engagement. According to the survey data, employees who said their workplace communication is open and honest are nearly 15 times more likely to be engaged than other workers. Additionally, employees who feel encouraged to share ideas and opinions are nearly 11 times more likely to be engaged.

“Talent can create a competitive advantage for an organization,” said Baumruk. “To keep and attract the highest performers, employers need an authentic employee value proposition that sets them apart from competitors. Even more importantly, organizations must listen to their employees to understand and foster a culture where employees’ expectations and desires are closely aligned with the employment experience they offer.”

Source: Aon Hewitt

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