Ceridian Report: Employee Experience Paramount in the Future of Work
16 November 2020 - 11:00PM
According to the Ceridian Pulse of Talent report, the majority of
the North American workforce could be moving on to new job
prospects, underscoring the growing importance of modern employee
experiences and retention strategies in the future of work.
The report revealed:
- The majority of the
North American workforce is looking for new job opportunities or
would consider moving jobs if approached by another company (US:
64%, CAN: 68%)
- Younger workers,
under the age of 30, are the most likely to be on the move (US:
75%, CAN: 87%)
“The past year has thrust the future of work upon us, and with
it comes an urgency to implement intelligent technologies that
create value within this new reality,” said Susan Tohyama, Chief
Human Resources Officer, Ceridian. “Employee experience is no
exception. What was once a nice-to-have workplace perk is now
inextricably tied to business resilience and sustainable
growth.”
While pay
remains
important,
engagement
most
important
factor for
retention
The report revealed that pay is the top factor that entices
talent to apply for a role (US and CAN: 36%), followed by good work
life balance (US: 19%, CAN 18%), and the overall work environment
(US:12% and CAN: 13%). However, when asked what was the most
important factor that keeps people with an employer, engaging work
topped the list.
Tohyama added that while turnover is an expensive consequence of
failing to invest in employee engagement, the impact to a company’s
bottom line may be even greater. According to Gallup, organizations
that are the best in engaging their employees achieve
earnings-per-share growth that is more than four times that of
their competitors.
Ceridian offers the following tips to design a modern employee
experience for the new world of work:
- Reimagine
pay: On-demand pay solutions offer employees the
flexibility to access their wages as they earn and need them,
helping to improve financial wellness, attract top talent, and
drive engagement. The ability to get paid on-demand is quickly
becoming a basic workplace requirement.
- Leverage
employee surveys to understand your people: Gather
first-hand employee feedback at any time through quick pulse
checks, or go deeper with quarterly or annual engagement surveys.
As work from home becomes the norm, keeping a pulse on employee
sentiment is increasingly important for global organizations.
- Provide
a modern employee
experience: Provide a simple, modern experience for
leaders and employees by using a central hub. Employees can take
control of their own work experience and find the information and
tools they need to be productive wherever they live and work.
To download the 2021 Pulse of Talent Report, please click
here.
Methodology: Nielsen conducted the Pulse of Talent research
study via an online questionnaire, from August 4 to 27, 2020 among
5,010 respondents, aged 18+ across Canada, U.S., U.K. Australia and
New Zealand who are members of Nielsen’s online panel. Results were
weighted by respondents’ demographics based on census data to align
with the proportions of the population.
About
CeridianCeridian. Makes Work Life
Better™.Ceridian is a global human capital management
software company. Dayforce, our flagship cloud HCM platform,
provides human resources, payroll, benefits, workforce management,
and talent management functionality. Our platform is used to
optimize management of the entire employee lifecycle, including
attracting, engaging, paying, deploying, and developing people.
Ceridian has solutions for organizations of all sizes.
Visit Ceridian.com or follow us @Ceridian.
Media Contact:Matthew
DuffinMatthew.Duffin@Ceridian.com+1-647-248-0752
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