Job security is most important when considering staying with an employer, finds survey
19th March 2021 12:39 - Professional Services
Job security is most important when considering staying with an employer: A survey of UK workers has found that the most important thing for employees when considering staying with their current employer is how secure their role is - ranking higher than both flexibility and pay.
The survey polled 1,004 employees for Winckworth Sherwood’s 'Ethical leadership in a time of crisis' report, finding that more than half the respondents said that job security was their top priority (51%), followed by flexibility (40%) and pay (32%). The report suggests that the pandemic and the resulting economic uncertainty may have caused a 'shift in the mindset of employees towards work'.
The report also looked at how well employers have handled the pandemic in the eyes of their staff, with almost three-quarters (73%) saying their company has handled the crisis 'well' and 38% believing the communication and engagement with employees has been appropriate.
Asked about the top improvements that employees think employers could make, a quarter of respondents (25%) said they thought their employer could have better communicated with them throughout the crisis, while in second was 'be more compassionate' and third, 'offer more flexible working arrangements'. Some employees also felt that their company could have put more wellbeing initiatives in place, while in fifth place was 'align executive pay awards where the rest of the workforce has had to take reduced renumeration packages'.
Almost half the respondents surveyed (46%) said their employer had not been transparent about executive pay, however, the majority, did not mind. Just over a fifth of employers (22%) said they had not realigned executive pay.
The survey also found that more than half employers (52%) have not had to make redundancies, which the report suggests could be due to an effective furlough scheme.
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