This research conducted in early March, surveyed over 1,240 New Zealanders and Australians, to reveal a startling link between wellbeing support at work and employee retention. Of those feeling unsupported, almost three in five, which is 55%, had considered leaving the company at least several times a week. Additionally, Over a third of workers think about leaving their workplace at least once a week.
An astonishing 36% noted that they had thought about quitting most days. This is in clear contrast to the loyalty of respondents who do feel supported at work, with this figure dropping to just six percent. This points to a concerning gap in business focus that is driving employees to reconsider how valued they are in their current employment.
Adam Clark, Co-Founder and CEO of Groov said that the pandemic of the last two-plus years, coupled with the ongoing growth in millennials and younger people in workplaces, has seen a re-prioritisation for employees. “Money is an important factor, but what we now know is that people want to feel valued, cared for and treated with dignity. If workforces don’t provide this then they are losing people, and it is the top performers and high potentials that leave first.”
“The link is clear, if you take the time to properly bake wellbeing into the workplace, the current issues around talent retention, recruitment, stress and burnout will hugely decrease or disappear,” said Kirwan, co-founder of Groov. “Because you're taking the time to show your people you care about them and value them, it makes all the difference in this current climate.”