There is a clear opportunity for employers to rethink the transactional nature of compensation and instead view it as an investment made in employees to meet their needs through all stages of their lives as well as the company’s long-term growth.
According to Gallup’s 2022 State of the Global Workplace Report, 71% of respondents in the US say now is a good time to find a job.
Today’s compensation model addresses the needs of yesterday’s workforce. And the employees aren’t often considered: “79% of people who quit say ‘lack of appreciation’ is the main reason for leaving”