BRANDEblog

Monday, November 13, 2006

What your employees really think?

A nationwide survey of more than 3000 business professionals involved in strategic HR decisions, found that employees and employers have a different view on how companies show workers their value/worth in the workplace. The survey concluded that:

*57% of employers said company morale was excellent/good, while 38 % of employees agreed. (The larger the company, the lower the morale rating)

*69% of employees think workers stay in jobs they hate just to have a job; 81% of employees said they do

*41% of employers said the company is loyal to employees, only 25% employees agreed.

*72% of employers said employees are loyal to the company; 56%, down from 59% in 2005 said this is true.

*39% (28% in 2005) of employees think there are under paid while more employers this year 50% vs 42%) thinks that the salary they offer are in line with the marketplace.

*86% of employees said that feeling valued is important to job satisfaction; but only 37% said they felt valued.

Low morale and eroding loyalty could be attributed to the differences between workers and employers over career development, difficulty in work/life balance as well as whether salaries are competitive. Employees/Workers see gaps in the value they provide their employer vs the value employers assigns to their efforts. Employees are frustrated that wages have not kept pace with cost of living and that their pay has not increase even when companies reports profits and their productivity increases.

To help build morale and show employees they are valued, employers can issue individual asset reports stating the value of their compensation and benefits such as 401(k) matches, tuition reimbursement and health benefits. They can also show the intangible values including training, travel and dues towards professional organization. A better explanation of employee’s benefits might give employees a reason to stay.

Written at 6:40 AM by Dawn.

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