More than a third (38%) of respondents believe that senior leaders are overpaid, according to research by reputation management consultancy Lansons and insight agency Opinium.
The Britain at work 2016 report, which surveyed 3,002 UK employees, also found that 52% of respondents feel that the level of pay they receive is fair, compared to 44% in 2015.
The research also found:
- Around half (52%) of respondents are proud of the organisation they work for, compared to 48% in 2015.
- 15% of respondents are not proud of the organisation they work for, and 33% are indifferent.
- A third (33%) do not feel great loyalty to the organisation they work for.
- 36% of respondents would leave their employer tomorrow if they had another job to go to.
- 52% of respondents feel valued as an employee.
- 74% of respondents have access to health and wellbeing benefits, and 5% of respondents do not know if they have access to workplace health and wellbeing support.
- 21% of respondents had been absent because of stress-related conditions in the last 12 months.
- More than a fifth (23%) have access to occupational health services, 21% can access counselling services or employee assistance programmes, and 11% are offered stress management training or workshops.
Scott McKenzie (pictured), director of Lansons’ Change and Employee Engagement practice, said: “A quarter of people off because of stress is staggering, and that’s just in the last year. Not only does this affect the wellbeing of the employee and their families, but employers will eventually feel the impact both on business performance, and on other employees who need to pick up the workload.
“Employers have a duty of care to provide appropriate support to their employees in order to address these issues.”
I appreciate the article’s focus on employee engagement. An effective way to systematically address the points coming out of this research and improve engagement is economic transparency. Treating employees like adults, involving them in the economics of the business, helping them to think and act like business partners, consistently driving profitable growth. The information engages their minds, and the trust engages their hearts. For 20+ years, clients of mine have consistently improved profits and the lives of the employees who drive those profits. Often referred to as Open-Book Management, here are a couple of articles that provide more context:
https://hbr.org/2015/12/treat-employees-like-business-owners
http://www.forbes.com/sites/fotschcase/2015/07/20/introducing-a-blog-about-companies-that-engage-their-employees-by-opening-the-books/
These two videos of clients of ours may also be helpful:
Carlson Travel call center video: https://www.youtube.com/watch?v=-RJAEHPOxPQ
Anthony Wilder Design Build video: https://www.youtube.com/watch?v=ev9JBmjjeCU
More information is available at our website: http://www.openbookcoaching.com
If you or any of your readers would like to discuss this further, please contact me at [email protected].