Employees frustrated with employers over lack of feedback.

Research Flash

In a recent benchmark study, U.S. employees are showing signs of frustration toward employers that could undermine corporations as the job market tightens:

• 26 percent of employees were not satisfied with the way they were managed;
  
• 17 percent felt their employer undervalued them; and
  
• 32 percent would likely not spend the rest of their career with their present company.

There is a huge disconnect between what employees believe they are doing right and how they are recognized for their contributions. Fully 72 percent of employees said they believe their company knows they are doing a good job, yet 33 percent do not feel they are given feedback on how their work contributes to the success of the organization.

Another indicator of employee disillusionment is their lack of confidence in the company they work for as a whole. Thirty-five percent of surveyed employees revealed that they would not invest their own money with their present company.

The facts are clear. As of January 2019, the US economy doesn’t have enough workers.

For nearly a year now, the number of open jobs each month has been higher than the number of people looking for work — the first time that’s happened since the Department of Labor began tracking job turnover two decades ago. How will your organization cope with a severe labor shortage if, at the same time, 32% of your employees are actively looking to change jobs?  

Keeping the talent you already have is just as important, if not more, than talent aquisition.