Hr Library

Employee Joy at work is a major factor for retention, but only Executives feel more effective and enjoy their work!

By | Nicolas BEHBAHANI | Global People Analytics Leader @ Future of Work | Leading Global HR Analytics, Driving Business Growth

💡 Employees who enjoy their work are 49% less likely to consider a new job than employees who don’t enjoy their work.

⚠️ Nearly half of employees may be looking for a new job and the risk is greatest among newer, younger, and more diverse employees.

💯 Senior-Level employees feel more effective and enjoy work more than managers and individual contributors.

👉 Individual contributors spend only 5% of their time on high-joy work, compared with managers and executives, who spend 56%

➡️ Same 6 factors are impeding both employees joy and companies talent retention, according to a new interesting research published by Boston Consulting Group (BCG) using data from a survey of 1008 employees from different roles, gender and roles.

✅Joy Effect can reduce attrition by 50%

Impact of Joy on attrition : 50% of reduction

Researchers found that enjoying work can cut the risk of attrition by half and they found that “doing work I enjoy” is the factor with the third strongest correlation with retention at the one-year mark, behind only job security and feeling respected at work.

🔥 Interestingly, the relationship between joy and retention holds even for employees who don’t consider themselves very effective at their job

Click here to read the full article

Show More

Related Articles

Back to top button