Toxic workplace culture was found to be the top reason why people would quit their job. The research was carried out by Yonder and investigates the push and pull factors in today’s job market. It revealed that 74 per cent of respondents would leave a company if culture wasn’t right.
Top Push Factors:
71% of respondents would consider leaving their job if offered an enhanced salary package elsewhere
67% of employees cited personal reasons, such as family commitments or the need to relocate, as a reason to quit
67% of employees would leave their job due to a lack of recognition
64% of respondents would quit due to an unsafe work environment
Top Pull Factors:
85% of respondents cited work-life balance as the primary reason to join a new organisation
83% of employees said that pay and benefits were a significant pull factor
78% of respondents would consider joining a company due to a positive workplace culture
76% of employees said that care for health and wellbeing and meaningful work were important pull factors
Lack of recognition was a significant factor that could impact employee retention, with 67 per cent of respondents citing it as their reason to leave. Employees want to feel valued and appreciated for their contributions, and companies need to provide opportunities for recognition and career growth to retain their top talent.
The survey revealed that work-life balance was the primary reason for employees to join a new organisation, with 85 percent of respondents citing it as a top pull factor. This highlights the importance of offering flexible work arrangements and promoting a healthy work-life balance to attract and retain top talent. Moreso now following the pandemic, employees value their personal time, and companies need to recognise this by offering arrangements such as remote work, flexible hours, or innovative holiday policies.
The survey also found that pay and benefits were a significant pull factor, with 83 per cent of employees stating that it was important to them. This shows that competitive compensation packages can be leveraged to attract and retain a team. Coupled with creating a positive workplace culture. Seventy-eight per cent of respondents said that the culture of an organisation would influence their decision to join a company. Employees want to work in a collaborative and inclusive environment where they feel valued and appreciated for their contributions. Companies that foster a positive workplace culture are more likely to attract and retain top talent, as employees are more engaged and productive in such environments.
Care for health and wellbeing and meaningful work were important pull factors, with three quarters of people stating that they were significant. Employees want to work in an environment that not only protects their physical and mental health, but one that provides opportunities to work on projects that align with their personal values and passions.
Since the pandemic, there has been much movement across the employment markets. People are recalibrating what is now important to them when it comes to work. What the research shows is that overwhelmingly the importance of offering a holistic employee experience that goes beyond just compensation and benefits is key. Workplace culture, recognition, and compensation are now the three key building blocks to strong employee retention.
Michelle Traylor, Culture Lead, Yonder
