In the work environment, there is always a prime question of the salary of the employees. Salaries are an important factor in attracting talent in industries. 

Even though salaries are important, it is not the only factor that makes an employee continue his job. The Adecco Group’s Global Workforce of the Future report has put forward interesting findings.

Is salary the topmost priority?

According to the report, most of the workers would be leaving their jobs in the coming 12 months because of salary reasons. But it is not so straightforward. For the employees, who are already engaged in the work, salary falls to 6th place in their priority list.

There are various reasons behind employees’ decision to stay with their present employer, next year. It includes being happy and content at work, having a stable job, having a good work-life balance, having good colleagues, and having flexibility at work.

Happiness In The Current Job

Nearly 4 out of 10 employees suffered burnout in the last 12 months. 1 out of 4 of these people have taken a break from work, due to burnout. 

Emotionally drained employees have major consequences in terms of productivity and morale. Hence, employee happiness is an important element in the work environment.

Stability in the Job

Job stability is valued more than salary by 38% of the employees in the study. They are happy to stay in their current jobs if the jobs are secure. 

Also Read: Four Of Every 10 Employees In India Show High Levels Of Burnout, Stress Due To Toxic Workplace Culture

Communication company BCW conducted a study of 13,488 people in 15 countries to ascertain what the employees really valued in their job. In the survey, 52% of respondents rated job stability as the most important factor in their work life.

employees stay company

Perfect Work-Life Balance

35% of the respondents in the survey chose work-life balance as their primary reason to stay with a company. 1 in 4 workers who participated in the survey reported a worsening of their mental health over the past year.

This is connected with the first priority of the employee- happiness. A happy employee has the privilege to balance his/her work life and personal life.

Positive Relations With The Colleagues

Good relations with colleagues can help increase job satisfaction, productivity, and employee engagement. The connection between the employees affects the decision of staying on the job. 

In the article ‘Do Happier Employees Really Stay Longer?’ David Wyld argues that based on a previous study by Holtom and colleagues, stronger emotional ties to the organization served to significantly lessen the likelihood that employees would leave.

Flexibility In The Worklife

Here, flexibility is in terms of the space one’s working in – in the office or from home. This is indirectly related to the work-life balance. 

In traditional settings, employers’ had the agency to handle matters regarding flexibility but recently, it is becoming more employee-centric. According to the report, the countries that see flexibility more as part of successful working life are Spain, the Nordics, the UK, Canada, and Latin America.

It is important for companies to understand the needs of the workers. It is a good time for inventing work’s future. Creating better conditions for people to feel their best, and to bring their best is essential for organizations that want to attract and retain talent. The primary question arises- Are employers ready to accept this change?

Image Credits: Google Images

Feature image designed by Saudamini Seth

Sources: World Economic Forum, The Print, BCW Global

Find the blogger: Katyayani Joshi

This post is tagged under: companies, employees, employer, happiness, satisfaction, stability, flexibility, work-life balance, positive, relations, colleagues, salary, priority, study, survey, report, work from home, work in office

Disclaimer: We do not hold any right, or copyright over any of the images used, these have been taken from Google. In case of credits or removal, the owner may kindly mail us.

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