London, United Kingdom, November 30, 2020
According to the Ceridian Pulse of Talent report, the majority of the UK workforce could be moving on to new job prospects, underscoring the growing importance of modern employee experiences and retention strategies in the future of work.
The report revealed:
“The global pandemic has heightened the need for employee engagement, driven by intelligent technologies that create value,” said Kristofer Karsten, Head of Human Resources, Ceridian Europe. “Employee experience is closely tied to business resilience and sustainable growth making it a strategic priority for all organisations.”
While pay remains important, engagement most important factor for retention
The report revealed that pay is the top factor that entices talent to apply for a role ( 35%), followed by good work life balance (20%). However, when asked what was the most important factor that keeps people with an employer, engaging work ranked amogst the top two reasons, alongside job security.
Karsten added there are positive business outcomes connected with high employee engagement, notably impact on a company’s bottom line. According to Gallup, organisations that are the best in engaging their employees achieve earnings-per-share growth that is more than four times that of their competitors.
Ceridian offers the following tips to design a modern employee experience for the new world of work:
To download the 2021 Pulse of Talent Report, visit Ceridian.com/uk/resources/talent-management-strategies-pulse-of-talent-report.
Methodology: Nielsen conducted the Pulse of Talent research study via an online questionnaire, from August 4 to 27, 2020 among 5,010 respondents, aged 18+ across Canada, U.S., U.K. Australia and New Zealand who are members of Nielsen’s online panel. Results were weighted by respondents’ demographics based on census data to align with the proportions of the population.
Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Our platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian.