Almost half (47%) of UK workers say bonuses and salaries are not rising enough to compensate for the increasing cost of living, according to the latest Talent Index research from Beamery, the leading talent lifecycle management platform.
In a shift of opinion from Q3 2021, when one in four workers cited a desire for work-life balance as their top priority, 55% of respondents now say that an increase in salary will be what helps them determine whether or not they stay in their current role.
Whilst respondents felt that higher pay would encourage them to stay with their current employer, they also added it would be commensurate with the longer hours they are now working, with as many as three in five employees (59%) commenting that they feel some pressure to always be online or available outside of contracted hours.
When asked where this pressure comes from, 21% said it was self induced, due to notifications on their phone, a fifth (18%) said being available outside contracted hours was expected by senior management, and 18% said it was in response to their own general anxieties and insecurities about work.
Abakar Saidov, Co-Founder and CEO at Beamery, said, “The shift to hybrid work has clearly brought many benefits, but it has also created unforeseen issues like an always-on culture.
“,,Employers should be mindful of this and encourage managers to take a more proactive role in determining best practices that work for the business, the teams and the individual. Adopting a skills based approach to filling new roles and opportunities within the business, for example, leads to increased interest and understanding from staff on the value of internal movement across departments.
“Encouraging employees to be part of new projects that will boost their skill-sets will also increase levels of motivation and commitment. The Great Resignation has, in part, been driven by an employee’s lack of fulfilment from their work but talent-focused businesses are in a powerful place to proactively tackle this issue.”