Employees Priorities Shifting Away From Salaries

In recent years, the priority for employees has shifted to rank flexible working ahead of their compensation. During the Covid-19 pandemic, many employees were forced to reevaluate their working conditions and expectations. By spending time in their bedrooms or living rooms to work, they grew more accustomed to hybrid working. Furthermore, the addition of the newer generation of employees, Gen-Z, has increased the demand for a more balanced work-life dynamic. Compared to the 68% of surveyed Gen-Z workers who said they prioritized their salary, 74% stated their work-life balance was of higher importance.

In addition to work-life balance, workers are beginning to give more importance to other factors that contribute to a positive workplace over their salary. Employees look for good working conditions and a strong sense of community in the workplace. 36% of respondents wouldn’t mind earning less money in exchange for having friends at work. This emphasis on community significantly impacts productivity, as 85% believe they perform better on the job when they feel a sense of belonging with their colleagues. Many employees decide to take action if their expectations aren’t met at work, even quitting their jobs, with 44% leaving due to believing the workplace is toxic and 31% leaving when they didn’t receive enough flexible working.

As employees change their priorities to a better work-life balance and a sense of community, organizations must adapt to remain competitive and retain talent. To do so, companies can implement more flexible working options and develop inclusive workspaces. With these changes, businesses can maintain employee satisfaction and improve the overall productivity of their work.