Staff Retention Linked to Worker Wellbeing
NewsSalaries and location are not the only factors that determine whether or not a worker chooses to stay in their current job. A new study by research firm ICM finds that staff retention relies on a worker’s feelings of wellbeing. Employees who feel cared for are 27% more likely to remain in their jobs, so employers should consider looking into initiatives like safety training and income protection to boost morale.
According to the research, 30% of workers stated that they would consider quitting their jobs if they felt neglected by their employers. 26% said they would be less likely to work long-term with an employer that did not seem to value their wellbeing, and 21% said it would reduce their motivation and productivity.
“This research shows that workplace wellbeing has a very real business impact for companies in terms of loyalty and retention.