The unemployment rate of U.S. is still increasing day by day. According to Bureau of Labor Statistics Commissioner John Galvinun said that employment rate was essentially unchanged from June to July.
What’s the reason if person continue working for their employer? There would be some reason behind that. Is it for higher pay issues? Having lot of benefits? A lack of job available for them or can’t get better options rather than other companies? Those are obvious answers for this question. Especially it is for given today’s unemployment numbers and slow economy.
But from the above, they’re not the correct ones. The top reasons that Americans not leaving their current job are”I enjoy the work I do” and it “fits well with the other areas of my life.”
It is a result of conducting new survey done by the American Psychological Association. It takes some factor in account, which contains a number of revealing insights into employee motivation & interest to corporate managers and governmental policy makers.
The APA conducted a “Workforce Retention Survey”, done by Harris Interactive in early August. They target 1,240 full- and part-time workers, age 18 or older employee. They were asked to evaluate nine common reasons for staying with a current job.
Here are nine common reasons on how their answers ranked through 1,240 respondents. It is given below:
- 67% respondents say that Job fits well with the other areas of life.
- 67% respondents say that enjoy the work.
- 59 % respondents say about payment.
- 60% respondents say about benefits.
- 56 % respondents say that they feel connected to the organization.
- 51 % respondents say about their co-workers.
- 51 % respondents say that job gives the opportunity to make a difference.
- 40 % respondents say about their manager.
- 39% respondents say that there aren’t any other job opportunities for them.
It would be a particular interest to Mitt Romney’s & Obama’s presidential campaign. They have to change their economy also. Voters, especially unemployed voters, definitely worry about job creation and GDP growth. And perhaps not the extent that the Republicans & the democrats seem to believe.
Most of the U.S. people want being happy and enjoying their lives peacefully with their work lives. Experienced workers more than 55 are (80% of whom rank enjoying their work highest among reasons given) getting more benefits than those 18 to 34 (58% of whom enjoying their work). It’s true for female workers perspective.
There are other reasons that Romney's difficulties connecting to women voters, in those female respondents were frequently more likely than men to cite non-financial factors as major reasons for staying on the job. You might be clear with this example, 72% of women respondents cited the work-life fit where 62% of men fit like that. Similarly, 59% of women respondents cited a connection to the organization for which they worked where vs. 53% of men worked like that.
Men and women, in general, respond differently the reasons for switching their jobs. 55% of women respondents cited their co-workers as a major reason for not taking another job where 48% of men like that. Around 46% of all women say their boss is a big reason why they don’t quit their job where one in three 34% of men like that.
Obama’s presidential campaign seems to be a connection between reasons for not having left a job and the intent to stay. Most of the employees’ reported that they intent to stay their job and reported intent to leave have consistently proven their job that how strongly correlated to what they actually end up doing.
You would be clear if you notice above survey’s top-line result, work-life balance and enjoyment have the strongest correlation with their expectations. It is the biggest drivers of employees planning to stay in their jobs the longest time of periods, which they enjoy their work and the degree to which their job fits with the rest of their live.
The third-strongest correlation was that neither pays nor benefits also, rather than connection to the organization. Most of the HR worries about employee retention, because it is clear that one way to keep best people from jumping overboard is to make them feel more connected to the ship.
Compensation policy is obviously an important factor to any country’s economic growth. Few people will tell that they wouldn’t want more money to spend. When you ask someone about their economic motivations and concerns from a different perspective, they answer like that Americans place a very high value on something you don’t hear a lot about us. There is no wondering that so many of us like working with each other.
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