As employee confidence in the job market increases, people might be looking to move on to greener pastures. Glassdoor’s Q1 2016 Employment Confidence Survey shows that job market and job security confidence is very high. What could that mean for your talent pipeline?
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Confidence and Retention
As a recruiter, you might already know what high employee confidence, especially in job market and job security, might mean—especially in combination with a decline in future business outlook. That’s right, workers who were once reluctant to leave a company when jobs were scarce might be ripe to leave now that they feel they can get another job without much of a problem.
It might be time to start considering some retention and engagement practices to keep workers where they are. In a recent survey by BLR®, respondents said that the most effective methods for engaging employees include “Pay at or above market price” (69.8%); “Adequate benefits (medical, dental, vision)” (65.0%); and “Work/life balance through telecommuting or flextime” (64.8%).
Additionally, 56.2% of survey takers said that engaging in charitable acts was a great way to get employees to feel pride in their organization. In the same survey, 60.5% said that providing training to help employees keep up and move ahead was the best way to encourage employees to feel pride in their jobs. Encouraging workers to feel pride in their companies and jobs helps keep them working for you.
The Glassdoor Survey and Politics
The Glassdoor study also asked participants to identify what they think are the “most important employment issues in the 2016 presidential election.” Among Americans who are employed or unemployed but looking for a job, the most notable disparities between Republicans and Democrats in the 2016 presidential election were among the following four key employment-related topics:
- The health of the economy: 75% of Republicans compared to 52% of Democrats, a 23 percentage point difference, feel it is one of the most important employment issues.
- Income and wealth distribution (e.g., CEO to worker pay ratio): 57% of Democrats report this as one of the most important employment issues compared to 34% of Republicans, another 23 percentage point difference.
- Immigration (i.e., allowing more visas to enable foreign workers to fill hard-to-fill jobs): This was the second most important topic for Republicans: 36% compared to 23% of Democrats.
- Gender equality at work (e.g., unfair pay, underrepresentation of women in STEM— science, technology, engineering and math— jobs): one-third (33%) of Democrats believe gender equality at work is one of the most important 2016 presidential election issues compared to 13% of Republicans, a 20 percentage point difference.