For more trends and ideas from the evolving world of work, visit <br />MonsterThinking.Com<br />Is Workforce Loyalty a Thi...
Agenda For Today’s Webinar:<br />Introduction to Loyalty<br />What’s Going On<br />Behavior Reveals the True Story<br />Wh...
The GOOD News<br /><ul><li>86% 	now recruiting for open jobs
58% 	companies adding workers
16% increasing compensation
10% increasing benefits</li></ul>Source: Monster Research Study: Worker Loyalty, 2011<br />
The NOT SO GOOD News<br />76%<br />of employers think they <br />FAIRLY COMPENSATE <br />their workers <br />41%<br />of H...
The BAD News<br />While companies report that worker loyalty has decreased just 14.5% in past year…<br />82% <br />of empl...
What’s Going On?<br />
Do you like your job?<br />Yes – I LOVE IT<br />No – Are you really asking me this<br />I am just glad to have a job – don...
Who do you identify with???<br />
Overall, people like their job<br />50% <br />30% <br />20% <br />Source: Monster Research Study: Worker Loyalty, 2011<br />
And they like many aspects of it<br />Workers Are Satisfied On Many Levels<br />Workers Largely Respect Their Companies<br...
Standard measures of loyalty are respectable<br />How likely would you be to recommend your company as an employer to a fr...
“EMPLOYEE” Net Promoter Score is dismal<br />How likely would you be to recommend your company as an employer to a friend ...
Behavior Reveals the Full Story<br />
Workers are restless and not very loyal <br />I would consider another job if   <br />   someone I trust referred me…<br /...
Tenure does not equal loyalty<br />“Would Consider Changing Jobs”<br />Source: Monster Research Study: Worker Loyalty, 201...
Resumes are being updated all the time<br />When was the last time you updated your resume/profile?<br />2%	Do not have on...
More than half are actively looking for a new job<br />2%	Never<br />11%	Seldom<br />28% 	Occasionally<br />28%	Frequently...
What Employees Really Want<br />
Many factors are at play when making the decision to accept an offer<br />Top 5:<br />91% 	Higher Salary<br />88%		Better ...
Company size is yet another factor<br />Interest in working for different sized companies<br />Source: Monster Research St...
Perceived value of working for different sized companies<br />Smaller Companies<br />Larger Companies<br />Stable workplac...
What Should You Do<br />
#5<br />Address misaligned salary, compensation perceptions<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
#4<br />Find ways to improve the company culture<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
#3<br />Manage your employer brand effectively<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
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Is Workforce Loyalty A Thing of The Past?

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The good news: With the worst of the recession behind us, companies are once again hiring.

The bad news: Many talented workers are now looking for growth opportunities and are ready to leave their current employer.

What will you do to retain your best talent?

Whether you are a small business or a large enterprise organization, you need to identify strategies to help minimize a post-recession talent exodus in your company. Check out this presentation and learn how worker loyalty differs by company size and explore ways to increase worker loyalty in your company. We will emphasize strategies that can be used by small businesses to help them better manage their workforce during this period of economic transition.

You will learn ways to:

Address any misalignment in compensation
Target the “right” hire
Communicate a strong employer brand
Continually fill a pipeline of prospects
Strive to keep your “A” workers

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  • The March 2011 Monster Workplace Loyalty Survey was conducted online within the United States between March 7 and March 18, 2011.Monster interviewed a U.S. sample of over 500 registered Monster users who indicated they had full or part-time employment. The survey has a margin of error of (+-) 4.25% at the 95% confidence level.In addition, Monster interviewed almost 1,000 employers across a range of company size, geographical regions and industries.
  • 41% of HR directors say it’s more challenging to attract talent for new jobs.76% of employers think they fairly compensate their workersbut just 33% of workers feel the same way.
  • SO many of you said……YesNOBLAH -
  • 50% = Somewhat to Very Satisfied30% = Neutral205 = Somewhat or Very Dissatisfied
  • Strongly or somewhat agree
  • Are we happy with 45%
  • Customer Satisfaction with their brands measured by NPS in the business world today Net Promoter Score among Employees for their Employer: - 38!With 20% Promoters, and 58% are Detractors
  • 82% have updated resume in last 6 monthsWhen was the last time you updated your resume/profile?2% Do not have8% More than 12 mos18% 3-6 months64% 1-3 months
  • 59% are looking for a job frequently or all the timeHow often do you look for a job2% Never11% Seldom28% Occasionally28% Frequently31% All the Time
  • Topic Very Important (7-10) Working for a new supervisor 47%To work for a previous supervisor I enjoyed working with 56%Better corporate social responsibility 58%Greater flexibility (part time, flex time) 60%More desirable location 71%Better company reputation 72%Better skills training 77%Better company culture 78%Better leadership at the company 78%Greater career advancement opportunities 87%Better benefits 88%A higher salary 91%
  • Smaller &lt;250Larger &gt;500
  • More effectively communicate fairness of salary and benefits so employer brand well perceived by internal employees and external candidates. Salary Fairness – Employees 33Company 76
  • Employer brandingFix perceptions68% of people consider a new job for a better corporate culture and leadership One of the four top reasons to want to work for different sizedcompany is “being treated as an individual, not a number.”
  • Employer brandingFix perceptions68% of people consider a new job for a better corporate culture and leadership One of the four top reasons to want to work for different sizedcompany is “being treated as an individual, not a number.”
  • The reality is that the vast majority of employees are open to new job possibilities, even if they’re not actively searching. Employee turnover is likely to increase as the economy improves, creating additional challenges for finding new talent. 13% - The small percentage ofemployees who never or seldom look for a new job.
  • Don’t’ treat all employees the sameFocus on you’re a-players and ensure you consider employee tenure when considering loyalty
  • Is Workforce Loyalty A Thing of The Past?

    1. 1. For more trends and ideas from the evolving world of work, visit <br />MonsterThinking.Com<br />Is Workforce Loyalty a Thing of the Past?<br />Should I Stay or Go Now?<br />Presented by:<br />Jeff Quinn<br />Senior Director of Research, Monster Worldwide<br />Paul Jamieson<br />Director of Research, Monster Worldwide<br />Co-hosted by:<br />http://www.facebook.com/monsterww<br />@monster_works <br />@monsterww <br />http://www.monsterthinking.com/<br />http://www.youtube.com/user/MonsterVideoVault<br />
    2. 2. Agenda For Today’s Webinar:<br />Introduction to Loyalty<br />What’s Going On<br />Behavior Reveals the True Story<br />What Employees Really Want<br />What Should You Do<br />
    3. 3. The GOOD News<br /><ul><li>86% now recruiting for open jobs
    4. 4. 58% companies adding workers
    5. 5. 16% increasing compensation
    6. 6. 10% increasing benefits</li></ul>Source: Monster Research Study: Worker Loyalty, 2011<br />
    7. 7. The NOT SO GOOD News<br />76%<br />of employers think they <br />FAIRLY COMPENSATE <br />their workers <br />41%<br />of HR Executives find it <br />MORE CHALLENGING to attract talent for new jobs<br />ONLY 33%<br />of workers<br />FEEL THE SAME WAY<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    8. 8. The BAD News<br />While companies report that worker loyalty has decreased just 14.5% in past year…<br />82% <br />of employees say they have updated their resume in the past six months<br />59% <br />are looking for a job all the time<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    9. 9. What’s Going On?<br />
    10. 10. Do you like your job?<br />Yes – I LOVE IT<br />No – Are you really asking me this<br />I am just glad to have a job – don’t love it – don’t hate it <br />Please Vote to the Right of Your Screen <br />
    11. 11. Who do you identify with???<br />
    12. 12. Overall, people like their job<br />50% <br />30% <br />20% <br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    13. 13. And they like many aspects of it<br />Workers Are Satisfied On Many Levels<br />Workers Largely Respect Their Companies<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    14. 14. Standard measures of loyalty are respectable<br />How likely would you be to recommend your company as an employer to a friend or relative?<br />45% <br />very or somewhat likely to recommend<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    15. 15. “EMPLOYEE” Net Promoter Score is dismal<br />How likely would you be to recommend your company as an employer to a friend or relative?<br />Promoters<br />20%<br />Employee <br />Net Promoter Score<br />-38<br />Detractors<br />58%<br />
    16. 16. Behavior Reveals the Full Story<br />
    17. 17. Workers are restless and not very loyal <br />I would consider another job if <br /> someone I trust referred me…<br />87%<br />Strongly Agreed<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    18. 18. Tenure does not equal loyalty<br />“Would Consider Changing Jobs”<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    19. 19. Resumes are being updated all the time<br />When was the last time you updated your resume/profile?<br />2% Do not have one<br />8% More than 12 months<br /> 18% 3-6 months<br />64% 1-3 months <br />82%<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    20. 20. More than half are actively looking for a new job<br />2% Never<br />11% Seldom<br />28% Occasionally<br />28% Frequently<br />31% All the Time <br />How often do you look for a job<br />59%<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    21. 21. What Employees Really Want<br />
    22. 22. Many factors are at play when making the decision to accept an offer<br />Top 5:<br />91% Higher Salary<br />88% Better Benefits<br />87% Career Advancement<br />78% Better Leadership<br />78% Better Company Culture<br />91%<br />Said a higher salary was very important when deciding to take a new position<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    23. 23. Company size is yet another factor<br />Interest in working for different sized companies<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    24. 24. Perceived value of working for different sized companies<br />Smaller Companies<br />Larger Companies<br />Stable workplace<br />Better benefits<br />Higher salaries<br />Chances for promotions<br />Better resources<br />Being part of a family<br />Feel more valuable<br />Treated as individual<br />Bigger impact<br />Opportunities to learn<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    25. 25. What Should You Do<br />
    26. 26. #5<br />Address misaligned salary, compensation perceptions<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    27. 27. #4<br />Find ways to improve the company culture<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    28. 28. #3<br />Manage your employer brand effectively<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    29. 29. #2<br />Expand and improve your talent acquisition strategies<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    30. 30. #1<br />Keep your “A” players <br />Don’t treat all your employees the same<br />Source: Monster Research Study: Worker Loyalty, 2011<br />
    31. 31. Thank you & Questions<br />CONTACTS:<br />Jeff Quinn<br />Senior Director of Research, Monster Worldwide<br />jeffrey.quinn@monster.com<br />Paul Jamieson<br />Director of Research, Monster Worldwide<br />paul.jamieson@monster.com<br />

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