From talent recruitment to employee management, your human resources department has the responsibility of ensuring that your company has people who are motivated, satisfied, and fulfilled in their work. In this sense, HR holds the keys to both present and future prospects within your organization.
The pressure of hiring the right people and keeping top performers gets complex when factoring in what makes employees stay with a company, e.g. flex time, health benefits,company culture, and transparency. At the end of the day, your business is all about the people, and therefore the employee experience must not just meet but exceed expectations.
To help you improve the employee experience, we’ve rounded up 25 fascinating HR statistics on the challenges, observations, and trends seen in the people management space.
- 47% of HR leaders cite employee retention and turnover as their top workforce management challenge, followed by recruitment and corporate culture management. (SHRM)
- 83% of employers believe attracting and retaining talent is a growing challenge. (Allegis Group)
- 76% of HR leaders say employee onboarding practices are underutilized at their organization. (Kronos)
- 53% of HR professionals say employee engagement increases when onboarding is improved. (SilkRoad)
- Organizations that invest in a strong candidate experience improve their quality of new hires by 70%. (Glassdoor)
- The top reasons given by employees for leaving their jobs include lack of career development (22%), lack of support with work-life balance (12%), their manager’s behavior (11%), unsatisfactory compensation and benefits (9%), and poor well-being (9%). (Work Institute)
- When examining the causes of burnout, 47% attribute burnout to their workload, 39% say it’s balancing work and their personal life, 37% indicate it stems from a lack of communication, feedback and support, 30% point to time pressures and a lack of clarity around expectations, and more than a quarter (28%) say it’s performance expectations. (PR Newswire)
- Among HR professionals who claim difficulty in retaining older workers, 47% cite work location inflexibility as the biggest challenge, followed by career inflexibility (45%) and work hours inflexibility (44%). (SHRM)
- One of the biggest reasons why Millennials are leaving their jobs behind is simply because they’re not engaged. They have become the least engaged people in the workforce. Only 29% of Millennials are engaged, compared to 33% of Baby Boomers, 32% of Gen Xers, and 45% of traditionalists. (Consumer Clarity)
- The top employer attributes that jobseekers value most are salary and employee benefits, long-term job security, and a pleasant working atmosphere. (Randstad)
- 87% of employees expect their employer to support them in balancing their life between work and personal commitments. (Glassdoor)
- 56% of employees say additional paid time off would make them more loyal to an organization. (Fierce, Inc)
- 51% of employers say using health and wellness benefits to maintain employee loyalty and retain talent will become even more important in the next 3 to 5 years. (MetLife)
- 93% of employees say they’re more likely to stay at an organization with an empathetic employer. (Businessolver)
- 90% of job seekers say that it’s important to work for a company that embraces transparency. (Glassdoor)
- 75% of employees would stay longer at an organization that listens to and addresses their concerns. (Ultimate Software)
- 94% of employers surveyed report that having a succession plan positively impacts their employees’ engagement levels. (Software Advice)
- 73% of employers believe a great corporate culture gives their organizations a competitive edge. (CultureIQ)
- Building an employer brand and company culture helps companies increase qualified candidates (49%), increase diverse candidates (32%), increase employee referrals (41%), and hire the right people (55%). (CultureIQ)
- 52% of HR professionals cite management buy-in as the biggest barrier to strengthening culture. (CultureIQ)
- 66% of employees will first look to see if there is an open position of interest at their current company before looking elsewhere. (Cornerstone)
- 78% of employees said they would remain longer with their employer if they saw a career path within the current organization. (Mercer)
- 89% of HR leaders surveyed agree ongoing peer feedback and check-ins have a positive impact on their organizations. (SHRM)
- Demand for recruiting professionals has jumped by 63% since 2016, and we expect that trend to continue. (LinkedIn)
- 80% of U.S. small businesses now use HR software, or plan to use it in the next one to two years. (Capterra)
Did these fascinating HR statistics offer you an interesting perspective on the employee experience? Share them with your network.