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18 October 2022 | Press Release
A new survey reveals that nearly a third of workers report decreased engagement—the commitment and connection that they feel to their work.
Could the shift to remote work spurred by the pandemic be at fault? The Conference Board survey says no. Work location—whether on-site, remote, or a hybrid blend of the two—has no impact on self-reported engagement levels. But some people do feel decreased engagement more than others: Women, Millennials, and individual contributors report lower engagement than men, older generations, and executives. But even with lower levels of self-reported engagement, 82 percent say their level of effort is the same or higher.
The survey also finds that more workers want to quit, but few have plans to actually do so. Workers’ intent to stay at their jobs decreased for 37 percent in the last six months, but only 12 percent are actively planning to leave. Indeed, the imminent recession has 29 percent of workers thinking twice about quitting.
Additionally, having a caring, empathetic leader increased in importance to hybrid workers (56 percent) and remote workers (50 percent) more than those in the physical workplace (44 percent), perhaps a reminder to leaders to be more intentional and inclusive for those who are remote at least some of the time.
The latest workforce survey from The Conference Board polled more than 1,600 individuals—predominantly office workers—from September 1-8. Respondents weighed in on workplace culture, work location, compensation, and benefits.
Key findings include:
Many employees are less committed, but they’re working hard anyway.
How do you feel now about your engagement and level of effort compared to how you felt 6 months ago?
Engagement levels decreased for all workers regardless of work location/schedule.
How do you feel now about your engagement compared to how you felt 6 months ago?
Self-reported mental health levels and sense of belonging are both decreasing.
How do you feel now about your mental health and sense of belonging compared to how you felt 6 months ago?
More workers want to quit…
How do you feel now about your intent to stay compared to how you felt 6 months ago?
…but few have firm plans to leave any time soon.
Have you voluntarily left your organization for another job since the pandemic began?
A looming recession has some workers thinking twice before quitting.
Given the economic slowdown, are you more or less likely to leave your current organization in the next six months?
“While these results show that a likely recession may slow some of the high turnover we’ve been seeing, engagement is eroding for many of those who remain,” said Rebecca Ray, PhD, Executive Vice President of Human Capital at The Conference Board. “For businesses to truly thrive, they should focus on improving employee engagement, no matter the employee’s work location or schedule. Especially during challenging times, previous research from The Conference Board has shown that it is important for leaders to reconnect all workers to the mission and purpose of the organization, as well as to lead with compassion. For workers who are remote or hybrid, this may mean being more intentional about making time for connection.”
A majority of workers now work a hybrid schedule—some days in the office, some at home.
What best describes your current working situation?
Few businesses are requiring staff to return to the office full time.
How has your organization addressed the shift to remote work and the return to the workplace?
Flexibility is one of the most important factors for workers, especially women.
Beyond a competitive salary, which of these are most important to you now?
Workers will quit for a more flexible job.
If you left your organization, or intend to leave in the next 6 months, what most influenced/influences your decision?
More workers quit because they were disappointed with their company than did for flexibility.
If you left your organization, or intend to leave in the next 6 months, what most influenced/influences your decision?
Disappointment with their company and a desire to connect to mission and purpose impacted self-reported levels of employee engagement.
How do you feel now about your engagement compared to how you felt 6 months ago? If you left your organization, or intend to leave in the next 6 months, what most influenced/influences your decision?
Having caring, empathetic leaders has grown in importance, especially for women and Millennials.
How have your priorities changed compared to before the pandemic?
Half of workers say pay is not the most important part of choosing a job.
Do you agree that pay is the most important part of choosing a job?
Pay does still matter, though.
If you left your organization, or intend to leave in the next 6 months, what most influenced/influences your decision?
“Many workers have reevaluated their priorities since the beginning of 2020 at the outset of COVID,” says Robin Erickson, PhD, Vice President of Human Capital at The Conference Board. “Employees are not only demanding to retain the flexibility they gained from being required to work remotely, but they expect genuine and transparent communications to continue from their leaders as well. That’s not to say that pay no longer matters—it’s just not the only thing that matters, or even the most important thing. Now, when looking for a job, workers are weighing a variety of factors unique to them and their needs.”
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