In 2024, 73% of UK employees will seek new job opportunities, according to a survey conducted by Blackhawk Network (BHN).
90% of UK workers are concerned about their current employment, according to the study.
A survey of 1,000 employees across the country sheds light on the discontent in the workplace.
Among respondents, only 20% expressed satisfaction and enjoyment in their current roles, while 15% admitted feeling disengaged or apathetic about their jobs.
Twenty percent of those seeking new employment want better rewards, incentives, or recognition from their current employers, according to a survey on the factors influencing job dissatisfaction. The number of people who are looking for improved benefits has also increased to 23 percent.
There is a pressing need for employers to respond promptly to these concerns in light of these findings. As a result, many leaders are unable to identify effective strategies for boosting morale because they are unsure of where to begin.
EXPECTATIONS AND HYBRID WORK: A BALANCING ACT
A hybrid working arrangement was also explored in the study, with flexibility emerging as a top priority for 32 percent of respondents. Interestingly, flexible working locations were cited as a significant factor influencing employment decisions.
Many employers still value the physical office space as a means of solidifying company culture despite the growth of remote work. Study results showed that 50 percent of employees would consider working in an office with a pay increase and 39 percent would consider working four days a week.
A REWARD CULTURE IS BUILT BY RECOGNITION
Eighty percent of workers said they feel more valued when they receive rewards from their employers. The majority (67%) believe that positive contributions should be recognized at least monthly or more frequently.
There remains a significant gap between employee needs and employer provisions, as 43 percent of workers reported their companies lack a reward and/or recognition program.
Chris Ronald, VP EMEA B2B – Incentives, Rewards & Benefits, BHN, commented on the findings: “Covid, hybrid working, and advancements in remote working tech have all contributed to a shift in employee behaviorEmployers must listen to their employees’ needs or them.”
Specifically, he pointed out the potential consequences of widespread job dissatisfaction not just for individual businesses, but also for the broader economy. He encouraged business leaders to foster a culture that celebrates positive workplace behaviors and values employees.
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