60% of survey respondents say feeling appreciated is more important than promotions, raises
Indianapolis, IN — July 18, 2016 — Appirio, a global services company that helps customers create next-generation Worker and Customer Experiences using the latest cloud technologies, today released data on employee retention in the technology industry. According to the survey of more than 650 respondents, compensation isn’t the foremost driving factor in employee satisfaction — a human connection as simple as saying “thank you” can make a real business impact. In fact, 60% of respondents said when analyzing a job offer, knowing whether the staff feel appreciated by management is most important, while only 4% were most concerned with knowing how often employees were evaluated for raises.
“Recruiting tech talent is a problem plaguing the C-suite: 90% of employers say finding the right talent is a primary issue facing the executive team,” said Harry West, Head of Worker Experience Solutions at Appirio. “Our survey found that appreciation, connectedness, and emotional safety all outrank compensation as important factors in career decision-making. Employee engagement can’t be solved by simply showering workers with raises and bonuses — companies must be dedicated to providing transparency, support, and technologies that keep high-end tech talent happy.”
The survey found workers want a boss who acts as an advocate (33%) above such aspects as: a clear path to a promotion (22%), receiving regular performance reviews and feedback (17%), earning incentive-based bonuses (12%), or even being beloved by senior executives (12%).
Other key findings include:
- 55% of workers value receiving a “thank you” from their managers for a project well done, while only 8% would feel disappointed if the same project didn’t result in a cash reward.
- 45% of respondents said they spend at least all morning, if not most of the day, navigating outdated technologies.
- Most respondents (47%) value open and transparent communication over any other “work language,” including group recognition (19%), advanced responsibilities (15%), individualized attention (10%). or tokens of appreciation (8%).
To learn more about how Appirio helps companies improve Worker Experience, visit: Appirio.com.
To download the full report findings, visit Appirio.com/resources.
“The Human Touch for Tech Talent: Employee Retention Could Be as Simple as a “Thank You”” survey was conducted by Appirio among 657 total respondents between April 6, 2016 and May 28, 2016, using an online survey on the SnapApp platform.
Appirio is a global services company that helps customers create next-generation Worker and Customer Experience using the latest cloud technologies. Our free-thinking consultants deliver unmatched customer value by creating actionable strategies, delivering results quickly, and helping organizations adapt to a new experience-driven era. We do this by harnessing the power of one of the world’s largest crowdsourcing communities and thousands of pre-built solution accelerators. Appirio is a trusted partner to some of the world’s largest brands, including YP, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot, Sony PlayStation, Moen, and IBM.