A Third of Employees Looking for New Jobs Credit: Dreamstime.com

 

 

Employers looking to keep their employees from having a wandering eye for a new job need to do a better job of recognizing them for their good work, a new study suggests.

A survey from Globoforce, a provider of SaaS (Software as a Service)-based employee recognition solutions, revealed that lack of recognition is the driving factor behind employee dissatisfaction, which in turn is leading to an increased number of employees searching for new work .

Thirty-eight percent of employees are actively looking for a new job, according to the survey — up from 36 percent in February.

The research reveals a connection between a lack of recognition, which also is up sharply in the last seven months, and potential turnover.

Of those planning to search for a new job this year , only 24 percent are satisfied with the level of recognition they receive at their current job, and only about a third were recognized for their work in the past three months.

In addition, nearly half of all surveyed said they would leave their current job for a company that better recognized employees for their contributions.

Overall, the survey found that 39 percent of employees don't feel appreciated, up from 32 percent in February, and 52 percent say they're unhappy with the level of recognition they receive, up 11 percentage points.

"Our latest survey shows that if you recognize and appreciate your employees in relevant ways, they will want to continue to work for you," Eric Mosley, chief executive officer of Globoforce, said in a prepared release.

The September 2011 Mood Tracker, which surveyed more than 600 U.S. employees, reveals the majority f respondents would perform better and have higher overall job satisfaction if their employer acknowledged their efforts and appreciated them for their work on a regular basis. More than three-quarters of those surveyed said being recognized motivates them in their job , while 69 percent said they would work harder if they felt their efforts were better recognized.