Study: Employee Moral Declines- Employers Oblivious
Source: Keystone Insurance & Benefits Group, LLC
Employee morale is at three-year low according to a recent study, but employers seem unaware of this steady decline.
The MetLife Study of Employee Benefits Trends recently released its ninth annual study. The report found a notable disconnect between employee and employers on the subject of loyalty.
Employee loyalty to their employers has declined for the past three years, as has their perception that the company is loyal to them. Conversely, employers remain oblivious to this decline, assuming employee are just as loyal now as they were three years ago.
Understandably, employers have been focused on surviving that economic downturn, but it seems many are unaware that their employees are becoming more and more dissatisfied. The survey found that over one in three employees (from all company sizes) hope to be working elsewhere within the next year.
Furthermore, a survey by the career website Glassdoor.com revealed that 4 in 10 workers believe it is likely they’ll find a new job matching their experience and salary in the next six months.
In light of these findings, it’s more important than ever for employers to focus on the employee satisfaction. A good way to start is to survey employees about their satisfaction levels and ask how your company can improve.
Employers who fail to address falling employee morale may find themselves facing high turnover rates as the economy recovers and employees search for better opportunities.
The Seltzer Group, located in Eastern Pennsylvania, specializes in developing safety, workers compensation, human resources, claims, and risk financing programs. They are a proud member of the Keystone Insurers Group and are national recognized for their expertise in workers compensation solutions. The Seltzer Group serves businesses and individuals locally, regionally, and on the national level.
Want to learn more? Visit our Events Page to see a full list of The Seltzer Group’s educational programs. We’re always adding new topics and programs so check back often!