Attracting and Retaining Top Talent
The COVID-19 pandemic has changed how people view work and the meaning work brings to their lives, creating the biggest talent crisis in recent history. According to a recent Harvard Business Review article, 41% of employees in the global workforce are considering resigning from their roles, and 36% of those leaving their roles do so without having their next job in place. For many employees, the historical changes to their lives and the way they work have essentially flattened Maslow’s hierarchy of needs.
Understanding what current employees seek from their next job is key to optimizing an organization’s talent attraction strategies and retaining top talent. Luckily, Gallup has released insights that will help you do just that.
What Employees Want
In their survey, Gallup asked 13,085 U.S. employees what was most important to them when deciding whether to accept a new job offered by a new employer. They discovered which job attributes will likely define the war for talent for the rest of this year and the years to come. They are listed below:
- Increase in Pay or Benefits: Job seekers know there are opportunities to make more money and find employers who offer benefits that are important to them, which gives them the confidence to seek out these opportunities.
- Greater Work-Life Balance and Well-Being: Many other Gallup workplace studies from the past year highlight just how burned out, overwhelmed and stressed out the workforce is at large, so it is no surprise that work-life balance and well-being are top priorities.
- Being Able to Utilize Their Strengths: When people have the opportunity to do work they are naturally gifted at and trained to do, they enjoy their work, find it stimulating, and want to do more of it.
- Job Stability and Security: About half of workers are looking for jobs that provide greater stability and security than they currently have.
- Diversity and Inclusion: workers today are demanding concrete, substantial change when it comes to creating more equitable and inclusive workplaces.
Gallup states that these job attributes are the baseline expectations of today’s job seeker. A convincing job offer and compelling employee value proposition will likely need to address most of these attributes when working to attract and retain top talent in your workplace. Visit Gallup or Harvard Business Review for more information!