Nearly 60 percent of U.S. workers are hourly employees, does your organization know what makes them tick?
The majority of staff in the United States are hourly employees who have little to no control over their work schedules. The retail industry has an annual turnover of 80–100%. The cost of replacing hourly workers is up to 1/3 of their annual salary.
That’s why when the employee engagement is low, it’s vital for businesses to get staff enthusiastic about the organization and the role they play within in.
In 2013, Gen Y (those born after 1990) made up 25 percent of the American workforce. By 2025, this number will increase to 75 percent. To keep this growing group of employees happy, they say they want to schedule flexibility, shared values, immediate feedback, and a positive work environment.
Check out the infographic below, courtesy of When I Work, for more stats on hourly employee trends:
Nearly two-thirds of employers expect a rise in voluntary turnover as the economy improves and market demand increases for specialized skills.
With an improving economy, employers are increasingly concerned about employee retention. The threat of a mass talent migration of workers searching for better employment opportunities is forcing more companies to evaluate and improve employee retention programs.
With the grim news about the recent economic downturn, it is always uplifting to get some good news—trust is rising in the American workplace.
According to BlessingWhite, a Princeton N.J. consulting firm, both employee engagement and trust in senior management has risen in 2012. Forty-one percent of North American employees expressed engagement, compared to 33 percent in 2011. Continue reading “Trust Is Higher for American Workers”→