Chicago, Ill. -- Forty-three percent of workers recently surveyed by CareerBuilder.com reported they do not feel valued by their employers. Dissatisfaction with management techniques is a main contributing factor with four-in-ten stating their corporate leaders play favorites and nearly one-in-four reporting their direct supervisors do not take time to help them develop or improve. The CareerBuilder.com survey, "Life at Work 2004," was conducted from February 19, 2004 to February 29, 2004 and included more than 1,500 workers.
"Effective management has a direct impact on employee satisfaction, which in turn has a direct impact on business performance," says Rosemary Haefner, Vice President of Human Resources for CareerBuilder.com. "Workers who feel appreciated and supported by their organizations are more likely to perform at a higher level and stay with the employer long-term. With nearly one-in-four workers reporting they feel like just another number to their organizations, employers will need to revisit their retention strategies to keep their top performers in place and bottom line intact."
An employee's experience with management begins with the direct supervisor. Today's workers are voicing concerns with their supervisor's ability to lead with 42 percent stating they can do their supervisor's job better. Part of their criticism is attributed to the amount of individual attention given to employees as well as perceptions of character. Twenty-four percent say their supervisor does not take time to review job concerns and 22 percent say their supervisor is not trustworthy.
Beyond the direct supervisor is the employee's experience with senior management. Forty-seven percent of workers state their corporate leaders do not lead by example. Workers also report feeling distanced from senior management with 32 percent reporting that corporate leaders do not keep staff informed of company objectives and initiatives.
"Employees can often feel removed from their corporate leaders, especially in larger organizations with tiers of management," says Haefner. "If employees don't feel connected to, and inspired by, senior management, they are less likely to 'follow the leader' and take a personal stake in company goals. Thirty-seven percent of workers today say they don't feel motivated by their corporate leaders."
Haefner recommends the following employee retention tips:
- Carve out a clear path for career advancement. Offer training and development opportunities to show your employees you are invested intheir future.
- Stay connected and communicate often. Make sure employees are informed of new developments and reinforce their importance in the company's success.
- Implement the "Three R's Rule": Recognize, Reward, Repeat. Pat your employees on the back for every job well done to show your appreciation of their efforts.
- Ask them about their day. Measure employee satisfaction on a regular basis and implement resolutions in a timely manner.