Employee confidence in the broader business environment continued to increase in Q1 2017. Perceptions of individual job prospects – the availability and quality of jobs in an employee’s location, industry, and function – held steady globally and hit a new high in North America. In Europe, however, perceptions of job opportunities dropped slightly after reaching a six-year high in Q4 2016.
This increasing confidence means fewer employees plan to stay with their current employer. Despite the global decrease in the number of employees who plan to stay in their current roles, the number of employees going above and beyond in their current job remained stable in most economies – after 3 concurrent years of decline. Latin America bucked this trend as the number of employees reporting high levels of discretionary effort hit a new low.
With fewer employees staying put and no increase in the number of employees going above and beyond, employers need to retain their best employees and boost their productivity. To do this, organizations should make it a priority to optimize their Employment Value Proposition, which can help them make progress on both of these goals. The most effective EVP will focus on the attributes that matter most to employees – namely compensation and work-life balance – and will deliver on its promise.