[December 02, 2014] |
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The 2014 ANSWERS™ American Employee Study Reveals the Real Drivers of Employee Satisfaction
Answers Corporation, owner and operator of top-10 Internet property
Answers.com (source: Quantcast (News - Alert)) and a premier provider of cloud-based
voice of the customer (VoC) solutions, today released key findings from
the first Answers™
American Employee Study, a comprehensive examination of thousands of
American workers across roles, ranks and industries. By applying
patented experience analytics methodology from ForeSee, an Answers
solution, time-tested through more than 100 million consumer surveys,
Answers was able to identify the unique factors that drive employee
engagement and satisfaction.
Key Findings from the 2014 Answers American Employee Study
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#EmployerFail: American employees are generally dissatisfied,
scoring a 65 in satisfaction, on a 0-100 scale. A score of 80 or
higher is considered the threshold for excellence at which a company
meets and exceeds employee expectations.
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Listen to Me: Only 46 percent of employees have ever
participated in company-led employee experience measurement programs.
Of those who did participate, a meager 15 percent reported that action
was taken as a result of those surveys.
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You Don't Know Me: Nearly half (48 percent) don't feel like
their employers understand their career goals.
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Training Day: Those who have received zero training scored 52
in satisfaction. In stark contrast, employees who received formal
training have a satisfaction score of 72, highlighting the difference
an employer's commitment can make to employee perception.
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Hat Trick to Happiness: Answers' analytical engine has debunked
previous beliefs that an employee's pay or manager have the greatest
impact on employee satisfaction. Leadership, which includes providing
employees with a long-term vision to rally around, plays an equally
heavy role. Leadership, Compensation and Relationship with a
Supervisor are the top three priority areas for improvement.
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Rise of the "Middle Class": 27 percent of workers are engaged
in their work; 28 percent are completely disengaged. Nearly half of
all employees (45 percent) fall somewhere in the middle, and present a
valuable opportunity. Focusing on moving that "silent plurality" into
the engaged column can have a tremendous impact on the organization.
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Horrible Bosses Vs. Annoying Coworkers/b>: Over half of Americans
work with someone that really annoys them (55 percent) and it impacts
their satisfaction (with a score of 58 when annoyed vs. 72 when not
annoyed). Only 20 percent of Americans identify the annoying co-worker
as their direct supervisor. Contrary to general sentiment, 86 percent
of the American workforce like their boss!
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Millennial Myth: Millennials want what everyone--regardless of
generation--wants: to be part of something. Despite their reputation
as demanding, job-hopping employees, the study revealed that
Millennials are actually the most satisfied (66, compared to 63-65 for
other generations) and most engaged (62, compared to 56-59) of all the
generations. They are among the most likely to stay at a company (65),
second only to the 55+ age group (66).
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Other Satisfied Customers: Employees in the energy and utility
industries are the most satisfied, each scoring 70--the highest of any
industry. White collar workers (66) are more satisfied than blue
collar (63). Construction workers are also engaged (65) and satisfied
(70). There is no gender disparity when it comes to satisfaction; each
scored 65, with females (59) slightly more engaged than males (57).
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A Case of the Mondays: 61 percent say Monday is their least
favorite work day.
"Answers' American Employee Study puts a spotlight on a very disturbing
phenomenon: employers don't understand their employees, and they're not
doing nearly enough to rectify the situation. Improving employee
satisfaction lead to desirable employee behaviors, such as recommending
the company to others, supporting its products and satisfying its
customers," said Eric Feinberg, Senior Director, Product Strategy,
Answers Cloud Services. "Considering the high cost of replacing
employees--anywhere from a fifth to 200 percent of the person's
salary--a true commitment to measuring and improving the employee
experience should be an operational imperative for American employers."
About the ANSWERS 2014 American Employee Study
The American Employee Study is an actionable new look at employee
attitudes and future behaviors. By understanding how and which aspects
of satisfaction and engagement impact specific behaviors, organizations
can effectively design employee initiatives that will achieve measurable
business outcomes. A commentary on the study is available for download
at ForeSee.com.
Research Methodology
In Fall 2014, ForeSee, an Answers solution, measured the work experience
of 4,115 American employees by industry as well as by role, age, gender,
tenure, organization size and work location.
The study methodology utilizes the unique Structural Equation Model,
which is based on decades of research in the fields of industrial
organization, human resources management, applied psychology,
psychometrics and statistics. The cause-and-effect methodology uncovered
the drivers (e.g., advancement; compensation; workload) that most affect
employee satisfaction, and how those different elements of the work
experience influence employee engagement and future behaviors (e.g.,
intent to stay; likelihood to recommend the employer or brand). The same
framework powers Answers' Employee
Experience Measurement product.
ABOUT ANSWERS™
Answers' mission is to empower consumers, brands and organizations by
connecting them with the information they need to make better-informed
decisions. The Answers Platform leverages the sizable reach of the
top-10 Quantcast site Answers.com (News - Alert), along with its leading cloud-based
solutions from ForeSee, Webcollage and ResellerRatings, to enable
businesses and organizations to engage with customers at every
interaction point, drive investment decisions from customer insights and
deliver content that powers the customer experience. This platform helps
businesses measure and improve the multichannel customer experience,
resulting in better business results. Answers is headquartered in St.
Louis with offices in Ann Arbor, New York City, Silicon Valley,
Cleveland, London, Vancouver and Tel Aviv. For Answers, visit http://www.answers.com.
Answers.com is a registered trademark of Answers Corporation in the
United States and in jurisdictions throughout the world. All other
trademarks, trade names or service marks used or mentioned herein belong
to their respective owners.
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