EMPLOYEE SATISFACTION REPORT

A just issued report by the Conference Board (a highly respected business research organization) asked employees to rate their satisfaction with 23 different aspects of their employment.

  • Only 51% of respondents expressed overall satisfaction
ISSUE SATISFACTION LEVEL
Pay 43%
Retirement Benefits 43%
Healthcare benefits 44%
Sick Leave 49%
Vacation Time 54%

However, there were multiple matters that are not financial that were rated even lower in satisfaction than pay & benefits:

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ISSUE SATISFACTION LEVEL
Promotion Practices 26%
Training/Development 33%
Performance Review Process 33%
Recognition 37%
Communications 38%

Here’s a quote from Rebecca Ray (Ph.D.), the report’s author:

“To attract and retain the most productive employees in today’s labor market, companies must make a bigger commitment to addressing the factors within their control. Among other steps, that entails addressing the job components with which employees are least satisfied, including job training, the performance review process, and promotion policy. As workers continue to voluntarily leave their jobs at a record rate, the need to prioritize components relating to their professional development could not come at a more pressing time.”

These report’s results, along with Dr. Ray’s comments, provide some important insights, which in turn we as employers can turn into actions in order to improve employee satisfaction – with no or minimal additional expenses.  By improving employee job satisfaction, some examples of what companies can derive from doing so are shown below:

  • Higher morale
  • Lower turnover
  • Greater attractiveness to candidates
  • Increased productivity
  • Reduced abstenteeism & presenteeism

ALL OF WHICH = GREATER PROFITABILLITY

TRINITY HAS A VARIETY OF WAYS TO HELP YOU TO IMPROVE YOUR ORGANIZATION’S PERFORMANCE THROUGH IMPROVED EMPLOYEE SATISFACTION.  TO FIND OUT MORE:

You have HR opportunities…Trinity has paths forward!

Posted in HR Management