WorldatWork.com - Newsline
More Than Half of U.S. Workers Value Appreciation Over Compensation and Benefits
April 30, 2010 — Just over half (56%) of employed Americans said in a recent survey that aside from compensation and benefits, being appreciated would motivate them to stay in their current position and 46% said they would rather be appreciated than have an opportunity to advance their career.
The Kelton Research survey sponsored by Cornerstone OnDemand found that escalating demands of the U.S. workplace have created an environment where employees don’t feel they are valued appropriately by executives and superiors, and that employers are overlooking simple solutions to improve employee morale and loyalty.
The survey also found that 62% of women and 50% of men feel that aside from money and benefits being appreciated would motivate them to stay in their current position, and 54% of working Americans said that their colleagues appreciate them more than their supervisors or company executives.
“American workers simply want to be empowered to do a good job and be recognized for their contributions,” said Adam Miller, president and CEO of Cornerstone OnDemand. “If companies don’t clearly communicate how employees can contribute to organizational goals and provide adequate training and performance feedback, they risk losing their best people as the economy improves. This kind of turnover is costly and can dull a company’s competitive edge.”
Key findings:
Companies seeking to avoid excessive turnover as the economy recovers need to close the communication gap and empower employees to perform well in their roles. The survey found that in the last six months:
- 68% employed Americans complain that they haven’t received useful feedback from their supervisors
- 82% of employed Americans have not established their career goals with their superiors
- 53% of working Americans haven’t felt they have a clear understanding of how their role contributes to company objectives
- 25% of Americans with jobs have been given new duties or responsibilities at work that are outside of their skill set.
About the Survey
The survey was conducted between March 17 and March 24, 2010 using an e-mail invitation and an online survey. Quotas are set to ensure reliable and accurate representation of the total U.S. population ages 18 and over. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. In this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
To view the complete results of the survey, log on to: http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cornerstoneondemand.com%2Femployee-satisfaction-survey-valuation-loyalty-appreciation-and-communication-stats&esheet=6269589&lan=en_US&anchor=http%3A%2F%2Fwww.cornerstoneondemand.com%2Femployee-satisfaction-survey-valuation-loyalty-appreciation-and-communication-stats&index=9&md5=34bdef3e8cdcc83689fceaac9d31079e
Contents © 2010 WorldatWork. No part of this article may be reproduced, excerpted or redistributed in any form without express written permission from WorldatWork.
Access Content Source at WorldatWork: http://www.worldatwork.org/waw/adimComment?id=37108&mcode=ENWLWSW
***********************************************************************
http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.
No comments:
Post a Comment