Despite uncertainty in the job market, the top reasons working Americans say they stay with their current employers are work/life fit and enjoying what they do, according to a recent press release on survey by the American Psychological Association (APA). Fewer employees cited concrete reasons for remaining on the job, such as benefits, pay, or a lack of other job opportunities.
The Workforce Retention Survey, which was conducted among employed adults age 18 and older, examined the factors that contribute to employee retention. Although 60 percent of working Americans said they remain with their current employers because of benefits, and 59 percent reported staying because of the pay, more than two-thirds (67 percent) said they choose to stay because their jobs fit well with the other aspects of their lives.
The same percentage said they stay at their current jobs because they enjoy the work they do. Even with the slow economic recovery and relatively high unemployment, only 39 percent of respondents cited lack of other job opportunities as a reason for staying with their current employers.
Survey results show for employees who said they plan to stay with their current employers for more than 2 years, the biggest drivers of expected tenure were enjoying the work, having a job that fits well with other life demands, and feeling connected to the organization.
"Americans spend a majority of their waking hours at work and, as such, they want to have harmony between their job demands and the other parts of their lives," says David W. Ballard, PsyD, MBA, head of APA's Psychologically Healthy Workplace Program. "To engage the workforce and remain competitive, it's no longer sufficient to focus solely on benefits. Today, top employers create an environment where employees feel connected to the organization and have a positive work experience that's part of a rich, fulfilling life."