2020 Engagement and Retention Report | Achievers

Few would dispute that an organization’s ability to engage its workforce and retain key talent is a vital component of an effective talent strategy. However, this report by Achievers suggests that organizations are facing a few challenges in this area. According to the report, two-thirds (64%) of the workforce surveyed admitted that they plan to look for a new job this year, and nearly 1/3 (30%) voiced they feel undervalued. Further, those who definitely plan to stay with their employers dropped a full 14 points, to just 33%. Amongst the reasons driving these sentiments is the worsening perception of leadership in improving company culture, diminished employee experience, and the compound effect of lack of employee recognition. The report offers a few strategies for addressing these issues; among them is driving a feedback-rich culture.