The turnover rate is on the rise in companies. More than a third of them are facing this problem, according to a survey of global professional services company Towers Watson.
More than 1,600 companies, including 95 in Canada (for a total of 32,000 people, including 1,000 in Canada) were interviewed as part of this research to find solutions retention in the workplace.
Two-thirds of respondents said they face challenges with respect to the attraction of their employees to superior performance. This percentage is up for two years. And more than half of the companies are struggling to retain these employees.
"We continue to see a significant gap between what employers believe that employees want and what employees want, says France Dufresne, practice leader, compensation, talent and communications at Towers Watson in Montreal, in a statement. Employers continue to recognize the importance of basic pay and opportunities for career progression, which are consistent with the priorities of employees. Meanwhile, they miss the mark in terms of other key factors of attraction and retention. However, job security has become an important factor in the attraction of loyalty. "
Job security comes second in the incentives for employees to choose an organization. This job security is also the fourth reason why they decide to stay with the employer.