One in three employees claim to have a job rather than a career, new Mercer survey finds
August 12 2015 - 9:57AM
Business Wire
Lack of career plans hinders retention and engagement
efforts
As workforce hiring increases, concerns about engaging employees
and retaining critical talent are top of mind for organizations.
According to Mercer’s latest survey on employee perspectives,
Employee Views on Moving Up vs. Moving On, one-third (32%) of
employees consider their employment to be a job, not a career.
Moreover, more than three-quarters (78%) of employees report they
would stay with their current employer if they knew their career
path (see Figure 1).
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150812005906/en/
“The dynamic interplay of multiple trends – a disenchanted
workforce that is multi-generational, skill shortages, global
expansion, and gender equality – is creating real challenges for
managing talent,” said Ilene Siscovick, Partner and North America
Talent and Career Leader at Mercer. “By outlining specific skill
sets for career paths, organizations can help employees better
understand growth potential within the company and improve overall
efforts to retain and motivate their existing workforce.”
Conducted in February and March by third-party research firm
SSRS, Mercer’s survey assesses employee sentiments on
opportunities, or lack thereof, for advancement with their current
employer. The findings provide insights to help employers refine
their engagement, retention, and development initiatives and
improve their overall approach to managing talent. The survey
includes responses from 1,520 employed workers in the United States
and Canada.
Among the survey’s other findings:
- More than half (51%) of employees
report they receive “no input” or “input only once in a while” from
superiors on how to perform better in their roles.
- More than one-quarter (28%) of
employees have considered leaving their employer and moving to a
competitor within the last 12 months.
- When asked if their company makes it
easy and transparent to understand opportunities for advancement
within the organization, 26% report “not at all” or “hardly ever”
and a another 27% say “only from time to time.”
“Clearly, lack of communication from managers along with lack of
transparency about career progression within the organization is
impacting employee loyalty and hampering retention efforts,” said
Ms. Siscovick. “By defining advancement opportunities and conveying
related competencies, companies can equip employees with the
necessary information to grow professionally and financially while
improving engagement efforts and optimizing a workforce that
effectively contributes to business success.”
To address this need, Mercer recently launched Mercer Career
View, an employee-centric app which empowers employees to directly
navigate career progression opportunities within the organization.
This solution brings to life an employer’s career management
infrastructure to deliver the greatest return on investment in
talent. “Career frameworks have become a priority for companies
because they successfully match workforce capabilities with
opportunities and fill talent pipelines appropriately – initiatives
that directly improve business outcomes,” said Ms. Siscovick. “Most
importantly, they enable employees to seek opportunities within the
company, enhancing overall engagement.”
To download the survey highlights visit:
www.mercer.com/services/talent/career-framework.html.
About Mercer
Mercer is a global consulting leader in talent, health,
retirement and investments. Mercer helps clients around the world
advance the health, wealth and performance of their most vital
asset – their people. Mercer’s more than 20,000 employees are based
in more than 40 countries and the firm operates in over 130
countries. Mercer is a wholly owned subsidiary of Marsh &
McLennan Companies (NYSE: MMC), a global professional services firm
offering clients advice and solutions in the areas of risk,
strategy and people. With 57,000 employees worldwide and annual
revenue exceeding $13 billion, Marsh & McLennan Companies is
also the parent company of Marsh, a leader in insurance broking and
risk management; Guy Carpenter, a leader in providing risk and
reinsurance intermediary services; and Oliver Wyman, a leader in
management consulting. For more information, visit www.mercer.com.
Follow Mercer on Twitter @Mercer.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150812005906/en/
MercerStacy Bronstein, 215 982
8025stacy.bronstein@mercer.com
Marsh and McLennan Compa... (NYSE:MMC)
Historical Stock Chart
From Apr 2024 to May 2024
Marsh and McLennan Compa... (NYSE:MMC)
Historical Stock Chart
From May 2023 to May 2024