This week we’ll continue to examine the findings from the EY 2022 Work Reimagined Survey*. Over the past couple of years, there has been a shift in how many of us think about work. As we continue to grapple with the changing landscape, it’s important to take stock of where we are, what’s working, and what employers and employees may value differently.
One key finding is that there is a gap between what employees are looking for, and what employers think they need.
In the EY Survey, the top three answers for employee priorities were:
Opportunity for increased total pay (35%)
Flexibility in where and when I work (32%)
Better career advancement (25%)
Employers think the top three priorities for employees are:
Learning and skills (37%)
Flexible schedules or location (36%)
Investment in employee well-being (32%)
While there is overlap in both groups ranking flexibility as a top priority, pay increases did not make the top ten in the list of employer priorities. There’s an opportunity for employers to invest in talent; to make themselves more attractive to new hires, as well as retain top performers. We’ll continue to look at more findings from the survey over the coming weeks.
If you’re thinking about updating your talent strategy for the current market, get in touch with Paul, Brent, Troy, or Tara, or give us a call at 519-673-3463 or 416-847-0036.
*The report contains information valuable for both companies looking to hire, and people exploring the job market. The survey “reveals insights from more than 17,000 employees and 1,575 employers across 22 countries and 26 industries. The findings explore chief motivators of workforce turnover or retention and highlight areas of focus for leaders.”