By Aoibhinn Mc Bride
As the adage goes, the grass isn't always greener.
This rings true for American workers who have started shunning the idea of the Great Resignation, AKA leaving their
That's according to recent
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So, why are increasing numbers of workers deciding to stay put? The reasons for this collective shift in attitude are manifold: job security, health benefits and flexibility are cited as some of the main sticking points.
This is why it's so important to evaluate what your current role is actually offering; if your employer isn't offering you a good benefits package, has dialed back on its remote working options courtesy of a RTO mandate or the benefits options available to you are lacking in terms of parental leave or healthcare, it could be time to find a role that better suits your needs—in and out of the workplace.
"The war for talent is no longer just about pay; benefits matter, and the ability to choose those benefits is important for adapting to employees' changing needs," explains Cecile Chang, global growth leader, Health & Benefits at WTW.
"Employers should invest in their employees' long-term wellbeing and offer a sense of security through the benefit package. While they can't control the world outside of work, they can support their employees through an inclusive and tailored benefits process," Chang advises.
Benefits are arguably playing an even bigger role in encouraging staff to stay put, with 54% of respondents sharing that they have remained with their current employer due to the benefits package on offer.
This is bolstered by the finding that 40% would be prepared to leave their current employer for a better benefits package, even if their salary stayed the same.
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Choice when it comes to benefits is also key—the survey found that offering more choice and flexibility, for example the ability to alter core benefits to fund other types of benefits, resulted in higher levels of employee satisfaction, made workers less likely to leave their current employer and culminated in 78% being in favor of recommending their employer as a good place to work.
That said, salary is still a major motivator, and the survey established that workers are prepared to move jobs for a 10% increase in pay.
"Focus on pay has strengthened, and benefits are meeting the needs of many employees, not just some," adds Steve Nyce, senior economist and global leader for WTW's Research and Innovation Center.
"By continuing to prioritize these factors, employers can build trust, ultimately creating an environment that will drive retention and provide job security."
