A few months ago many employees were happy just to be employed. But like George Harrison sang, “All things must pass.”
The latest American Workplace Insights survey from Adecco found that employees’ satisfaction is falling to precipitous levels.
If you’re still operating under the assumption that employees understand how tough it is out there and are willing to make sacrifices, you may find some top performers walking right out the door soon.
The top reasons cited in the study for dissatisfaction among employees included salary, diminished employer 401(k) contributions and general unhappiness with the company’s retention efforts.
Check out the chart below for a detailed breakdown:
Even if the market is still preventing you from offering generous salary increases or bonuses, here are two things you can do to prevent employees from jumping ship:
Make retention efforts transparent. Most employers do everything they possibly can to retain top talent. Where they fall short: making sure employees are aware of all of their retention efforts.
Talk out salary decisions with staffers. If raises, bonuses, etc., aren’t an option right now, show employees why — and be as honest and detailed as possible in your explanation.