Top talent remains increasingly difficult to attract, recruit, and retain. Some 90 percent of employers say finding the right talent is a prime issue facing their executive team. It isn’t for a lack of trying: the C-suite estimates that nearly one-third of their HR budget is spent solely on recruiting and retaining these workers.
Businesses are allocating more resources than ever before toward appealing to prized candidates. Once unusual perks like fully stocked kitchens, nap rooms, and unlimited vacation are becoming increasingly commonplace. And yet, even when employers are able to attract top hires and deliver benefits that even a decade ago seemed fantastical, overall levels of employee engagement remain low. If these highly valued workers are in such a position of power that they have big business trying to cater to their every need, why do they still seem so unhappy?
Appirio conducted a survey of tech employees on this issue with surprising results. Key findings include:
- 60 percent of respondents said when analyzing a job offer, knowing whether the staff feel appreciated by management is most important, while only 4 percent were most concerned with knowing how often employees were evaluated for raises.
- 36 percent ranked team celebratory outings higher than a spot bonus or monetary reward.
- 55 percent of workers value receiving a “thank you” from their managers for a project well done, while only 8 percent would feel disappointed if the same project didn’t result in a cash reward.