Given the tight labour market, WTW’s GBAS study reveals that 65% of the participating workers intent to stay with their current employer for the next two years. With this the attachment to their employer remains high and has even increased since 2019 by 9%.
Nevertheless, almost one third (29%) are still looking around for new opportunities. Exit risk is particularly high among managers with more than one third (36%) actively looking for a new role and 17% are open to offers.
When looking for a new employer, employees are mostly influenced by pay and bonus (60%), job security (41%), and flexible work arrangements (38%). Key factors to retain talent are job security (46%), pay and bonus (40%), and the relationship with co-workers (36%). With this pay and job security are the key factors to attracting and retaining talent.
Overall, benefits play an important role for attraction and retention. Benefits packages that meet the needs of employees and provide an enhanced experience result in significantly greater retention (78% vs 41% when the benefits package does not meet the needs). Retirement (28%) and flexible work arrangements (20%) are the benefits employees most want their employer to improve/focus on.
If you want to learn more about WTW’s Global Benefits and Attitude survey 2022, please reach out to your WTW consultant.
| Title | File Type | File Size |
|---|---|---|
| Download the 2022 GBAS Attraction and Retention one pager Switzerland | .1 MB |
