This year’s Voice of the Workforce report* shows a workforce that is engaged but at the same time grappling with significant challenges—burnout, benefits dissatisfaction, job insecurity and career stagnation.
While employees are committed to their work, it’s clear that without the right support systems, flexibility and personalized offerings, organizations risk losing their most valuable assets: their people.
To foster loyalty and retention, employers must take a comprehensive approach that addresses the diverse and evolving needs of their workforce.
Here are key recommendations:
1. Invest in Burnout Prevention
Offering mental health support, flexible work arrangements and clear work-life boundaries for people at all levels of the organization will improve productivity, engagement and retention.
2. Close the Benefits Gap
Benefits packages must be tailored to the varying needs of a multigenerational workforce, and HR needs to ensure that both benefits and payroll are seamless processes for employees. That means prioritizing flexible, personalized solutions that meet employees where they are, with the benefits that matter most to them.
Nearly 3 in 4 employees (72%) saying benefits selection is stressful and more than half indicating that a poor benefits enrollment experience would prompt them to look for a new job.
3. Support Career Development
Provide clear paths for growth, career mobility and skill-building opportunities. Mid-level managers, in particular, need more resources and recognition to feel valued and to stay committed.
4. Prioritize Flexibility
Hybrid and remote work options have become essential for employee retention, especially for Millennials. Flexibility in how and where employees work will be a key differentiator for attracting and retaining top talent.
5. Prepare for an Uncertain Future
As economic uncertainty and technological disruptions like AI continue to shape the future of work, employers must provide ongoing training, skill development, and transparent communication about how these changes will affect employees’ roles and security.
If you want learn how Coastal Payroll can help you implement strategies to maximize your employee experience, REACH OUT TO US.
*The Voice of the Workforce report from isolved analyzes the responses of 1,127 full-time employees based in the United States. Seniority level for respondents ranges from entry level to the C-Suite.
