Canada has become a dream for many people around the world, a place where they want to work and raise families. With the evolving times we are in right now in 2024, upskilling is important and those who do not, face the risk of hardships in completing the tasks assigned to them or encounter difficulties in acquiring new jobs that require skills in the latest technologies.
Times are changing, and so is the employment market. Employees expect to be respected in an organization where they spend a major chunk of their life working in roles they are assigned to. Respect is also earned because of their qualifications, acknowledgements, and achievements by putting their talents and strengths to work in the organization. In 2024, job satisfaction is beyond a paycheck, and workers are looking beyond earning a salary. When moving into other companies for jobs, they are looking for the right work culture to blend with. Retaining employees and keeping them engaged has become a task that organizations now look into.
Shifting Priorities: Beyond Paycheck
Several surveys are conducted on employee preferences, and as we enter 2024, the market is cooling down from the previous economic downturns, and although there is still economic fragility, job aspirants looking to make job moves has decreased by a small percentage. This can be attributed to the efforts of organizations putting in the efforts on their part to retain existing talent by offering them enhanced benefits, pay raises, or improved engagement and appreciation. Young job seekers anyhow are usually ready to take risk and pursue new jobs to meet their desired goals like higher paycheque, better flexibility, improved benefits, and advancement in career.
The Underappreciated Function of Recognition
Salary is one of the most important factors that keep employees motivated. A good pay package attracts top talent to the organization too. Quality doesn’t come at a low cost. In addition to the financial incentive, studies reveal that employees seek appreciation and better communication; this gives them the recognition they rightly deserve for their efforts. Employee engagement plays a pivotal role here. Well-engaged employees tend to stay longer on the job; their performance goes up, and that shows in the output of the organization which can lead to business growth and success.
Metrics Matter: Understanding Employee Satisfaction
From the time an employee is brought onboard, offering them an environment to improve professionally, exposing them to a good company culture, keeping them on a healthy time schedule to avoid work fatigue/burnout, promoting collaboration and teamwork, investing in their career growth, and providing them wellness programs that contribute to the employee’s health both at a physical and mental level. Conducting regular assessments to check employee satisfaction is key, and surveys are a great vehicle to do that. The aforementioned strategies help in the long run in keeping employees motivated and satisfied.