As Labor Day approaches, new survey results from Adecco show that working is not really a labor of love these days, as many are expressing dissatisfaction with several aspects of their jobs, including their salary, relationships with bosses and coworkers and their company's retention efforts.
Adecco finds that that two-thirds (66%) of American workers are unsatisfied with their compensation as a result of pay cuts, lack of bonuses or stagnant salaries. A significant number of employees also expressed unhappiness regarding relationships with their boss and colleagues. Almost half (48%) of workers don’t like the relationship they have with their boss and 59% of workers are not satisfied with the level of support they receive from their colleagues.
But it doesn't stop there. The negativity continues:
* 87% of workers are not satisfied with their company’s overall retention efforts.
* 76% of workers are not satisfied with future career growth opportunities at their company.
* 78% of workers are not satisfied with their company’s contribution to their retirement plans.
“As Labor Day approaches and we move closer to an economic recovery, employees and managers should remember that career development is a mutual responsibility, particularly for companies looking to reduce an exodus of top talent,” says Bernadette Kenny, chief career officer, Adecco Group North America. “What workers are telling us is that even during a recession, just having a job does not equate to job satisfaction. Employers need to be conscious of the concerns their staff is managing through on a daily basis and proactively come up with the appropriate solutions to improve retention and reduce the current and future high cost of turnover.”
Adecco offers the following tips for employers to reduce feelings of dissatisfaction among their staff:
Make retention efforts more visible. Behind the scenes, managers may be doing what they can to retain their employees, but staff won’t feel valued if these efforts aren’t visible to them. Retention efforts begin through mutual dialogue and building trust. Managers should engage their employees in the realities of the business challenges to foster employees’ understanding of the market and competition.
Reward and provide reason. If increasing compensation due to the current economic climate is not possible, look to reward employees through an awards program or team contest. Improving morale just by recognizing good work can help ease compensation complaints. As the survey found, dollars and cents are not the only way to improve satisfaction so be sure your putting in the extra effort where extra investment is not available. In addition, employees benefit greatly by understanding the reasons behind lower compensation and how these short term adjustments will help them and the company in the long run.
Communicate growth path for employees. Managers should map out a growth plan for employees and communicate it to their teams. Employees will then understand that managers are invested in their future and they’ll be more confident in investing their time and career with the organization.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access