2024 Workplace Trends, Gen-Z Hiring, and More!
Last Week’s QOTW Poll Results:
Q: If you are passed up for a raise going into 2024, will you look for a new job?
- Yes - 52%
- No - 27%
- Undecided - 21%
The poll reveals that over half of the respondents would consider seeking a new job if they do not receive a raise going into 2024. This finding underscores the importance for companies to be mindful of their employees' compensation expectations and highlights a significant risk for employers in terms of employee retention. The results suggest that it is crucial for companies to communicate transparently about their financial position and any barriers to increasing compensation. This communication is key to maintaining trust and understanding among employees. Additionally, in situations where salary increases are not feasible, employers should consider alternative forms of compensation. Options like flexible work arrangements, a positive company culture, and employee recognition programs can be valuable in lieu of direct financial rewards. These alternatives could help mitigate the risk of losing employees who are dissatisfied with their financial compensation. Want to talk more about staying competitive with compensation? Contact us today!
Community Events:
Friends of Alaant Holiday Open House - Join Alaant Workforce Solutions on Wednesday, December 13 from 3-6pm for an end-of-year celebration. RSVP now here!
Developing Frontline Leaders: How to Spend Smart - This LinkedIn Live is Hosted by CultureTalk featuring Tom Schin on Thursday, December 14, 2023 @ 11am EST. Register now, here!
About the Author
Miranda March, Digital Communications Specialist
Miranda has a real knack for connecting the dots between employers and job seekers. She prides herself on keeping a pulse on the national and local hiring markets. In her downtime, she enjoys cooking new foods and spending time with her family. A little-known fact about Miranda is her love of video games, new and old.