NGA's 2012 ‘Global Pay Optimism Index’ highlights role of benefits in securing employee engagement
Today sees the launch of our inaugural ‘Pay Optimism Index’ which looks at the attitudes employees have across the world have to pay, benefits and how their talent is being developed. NGA’s global reach, working with many Fortune 500 companies across 35 countries, gives the opportunity to have a unique perspective on how businesses are continuing to adapt to economic challenges.
From these results, we are seeing a relatively upbeat Asia Pacific workforce lead the pay outlook with over a third [36.5%] considering that there a positive signs of above inflation increases compared to 21% of those in Europe and just 8.1% of those in the UK.
However, what I find particularly interesting is that although pay will always be the main motivator, many employees across the world are telling us that they are looking for other benefits be they cultural, technology focused i.e. providing ways to work more flexibly, or training orientated.
With almost a third [28.5%] of respondents stating that the recession has caused them to stay in their job longer than they might have liked, generating staff loyalty has never been more important for those wanting to retain talent. Smart companies are now using all the tools at their disposal – not just pay – to keep star employees engaged.
Full survey results release can be found here - a snapshot of the findings, please see below