Employee confidence in the broader business environment increased for the sixth consecutive quarter, reaching its highest point since 2010. In addition to feeling confident about the economy, employees’ perceptions of available job opportunities has increased at the global level. In fact, job opportunity perception hit a three-and-a-half-year high in both Europe and North America in Q3 2017.
However, this has not translated into more job seeking, which remains steady. In fact, employees’ intent to stay in their current job increased for the second quarter in a row – just over 1 percent globally. While more employees intend to stay with their current employer, less employees are going above and beyond on the job. Discretionary effort decreased almost 1 percent this quarter globally, and hit six-year lows in both Europe and Latin America.
Faced with more employees who plan to stay in their current roles coupled with decreasing effort levels at work, employers should consider tactics to motivate and increase productivity. Organizations can do this by improving how they use their employment value proposition. By prioritizing delivery of their EVP to focus on the attributes that matter most to employees – compensation, work-life balance and stability, globally – organizations can increase employee engagement and commitment.