Pay (40%) and benefits (26%) top the list of what jobseekers are looking for in a new employer, according to research by Blackhawk Network (BHN).
Its research, which surveyed 1,010 people, also found 84% of respondents reported experiencing notable shifts in their roles, with 16% facing increased workloads without a corresponding pay rise, while 87% reported concerns about their current employment situation.
When asked what would make them more loyal to their employers, 71% cited a higher salary as the top factor. Almost half (47%) wanted more frequent recognition and reward and 63% want to be recognised for their efforts at least monthly, with 79% revealing receiving rewards or recognition makes them feel valued and appreciated. Two-fifths (40%) would reconsider leaving if they received a reward or recognition after resigning.
Nearly a third (31%) of respondents stated that a four-day week would keep them loyal to their employer, while 59% said a pay increase would make them more inclined to work in a physical office space. Gen X and Boomers ranked workplace flexibility as their top priority, whereas Gen Z and Millennials favoured increased annual leave.
Chris Ronald, region head, incentives, rewards and benefits at BHN, said: “These findings highlight the urgent need for employers to adapt to the changing expectations of their workforce. Employers which fail to address these concerns risk losing talent; by focusing on flexible-working practices, impactful reward and recognition programmes, alongside meaningful voluntary benefits, employers can create a more engaged and loyal workforce.
“Flexible rewards are a great way to show appreciation for employees, giving them the choice of where they spend. The pressure is on for employers of all organisation sizes to create a culture that drives both employee engagement and an increase in productivity and performance. Tangible reward to celebrate specific achievements and successes plays a part and compliment an always-on employee benefits strategy.”
