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The Mood of the Global Labor Market

A WORLD AT WORK THE ANNUAL KELLY GLOBAL WORKFORCE INDEX™ THE MOOD OF THE GLOBAL LABOR MARKET LOYALTY Only 29% say they feel loyal to their employers, largely steady from 2011. COMMITMENT Only 31% of workers are committed to their current employer, a sharp decline from 2012 (43%). OPPORTUNITY TO DEVELOP NEW SKILLS Only 35% believe they have the opportunity to advance their career with their current employer. SENSE OF MEANING Only 38% say their employers contribute to their sense of meaning, a sharp drop from 2012 (47%). TO STAY OR LEAVE? Nearly half (47%) of contented workers devote time to scanning the job market looking for better job opportunities. More than half (60%) intend to look for a new job with another company within the next year. THE COST OF A DE PARTING WORKER MONEY NEY (N) 30% 150% Experts estimate that a departing worker can cost between 30%-150% of a worker's annual compensation package to replace them. The cost is even greater when factoring the intangible components such as lost knowledge and disruption to co-workers and customers. DRIVERS OF CHANGE 6. critical factors that contribute to a worker considering leaving their job 60% 41% Salary and financial benefits Lack of opportunity for advancement 36% Work-life balance 33% Staff 28% morale Current management 26% Stress While financial benefits top the list, employers would be mistaken to focus only on salary/compensation. 4 critical factors that contribute to a worker choosing one job over another (Excluding salary and financial incentives) 62% Opportunity of advancement 64% Work-life balance 58% 28% Training or development More meaningful work programs MORE THAN ΜΟNEΥ AND PROMOTION The most attractive companies offer more than competitive pay and benefits. They offer opportunities for skill development and a clear pathway for career advancement. GLOBALLY, WORKERS ARE WILLING TO GIVE UP HIGHER PAY AND CAREER ADVANCEMENT FOR: 57% 52% 36% Flexible work schedule 29% Opportunity to learn new skills Improved work-life balance Opportunity to perform socially conscious work THE IDEAL WORK ENVIRONMENT ideal features that workers into their work life 57% 54% 44% 39% Highly collaborative environment Exposure to the latest technologies and top-notch equipment Flexible work Culture of innovation and arrangements creativity Companies attuned to the voice of talent and their preferences will be better equipped to make more meaningful connections as they seek to achieve their business goals in 2015 and beyond. Download the full report KELLY.

The Mood of the Global Labor Market

shared by michaelkirsten on Mar 03
This info graphic about the mood of the global labor market is summarizing the major trends of the latest Kelly Global Workforce Index research.




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