A new global survey from EY finds more employees want a better total rewards package and continued work flexibility, two areas that are generally not a high priority for leaders.
The disconnect between the priorities, pressures and prospects for employers and employees may result in more workers leaving to pursue new opportunities that meet their expectations.
The number of employees who say they are willing to leave their jobs in the next 12 months is still relatively high (34%), though lower than in 2022 (43%), the report said.
While employees place more value on pay and compensation than employers, 79% of employers (versus 80% of employees) agree there is a need for moderate to extensive changes to total rewards programs (encompassing time off, recognition, well-being, health and retirement).
Organizations that prioritize people in their workforce decisions report seeing markedly better outcomes and have common indicators of success. See the findings.