Love2shop Employee Value Report 2022

UK study by Love2shop reveals one-third of employees feel undervalued in their jobs and how businesses can correct that to reverse the Great Resignation.

Employee Value Report 2022

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Attract quality candidates with a reward and appreciation culture

Retain staff by increasing their sense of value through recognition

Improve productivity and employee engagement through incentives

Failing to reward employees

Failing to reward employees – the true cost

Are you looking to recruit better candidates, retain your most talented employees and improve overall productivity?

Attract Employees

Attract

Three-quarters of people (75%) say companies who gift staff regularly are likely to attract a better calibre of employee.

Retain

41% of employees who feel undervalued would change their perception if they were regularly rewarded by their employer.

Improve Productivity

Improve Productivity

The Love2shop Employee Value Report includes useful insight into when and how to reward employees to inspire and motivate.

We know how difficult it is to recruit, retain and support employees to be more productive when stresses such as the cost of living crisis are increasing the pressure on them.

“Help for Hospitality has been phenomenal, and went down a storm in the hospitality sector … our channel programme with Love2shop has also been a financial success … returning excellent figures over our investment.”
Brakes
Adam Haywood
Commercial Marketing at Brakes

3 steps to improve recruitment, retention and productivity

1

Download the report or fill in our enquiry form

2

One of our expert team will contact you to discuss your specific business needs

3

Choose the employee engagement plan that best suits your business and drives productivity

Amid the cost of living crisis, employee rewards have greater importance

Around 10 million people – one-third of the UK workforce – feel their employer does not value them.
According to the Love2shop Employee Value Report 80% of undervalued workers are actively looking for a new job as a result but the cost of living has prompted companies across all sectors to explore how they can support employees. This has created an opportunity for businesses to build a culture of rewarding employee value through meaningful gifts and incentives.

Facing growing financial challenges around energy bills and rising costs, the Love2shop Employee Value Report reveals 89% of employees would spend a multi-retailer gift card from their employer on essentials like food, drink or clothing. Around 30% said they would spend the voucher on their weekly shop.

– 86% of employees would feel valued at work if they received a surprise multi-retailer gift card or gift voucher worth £150.

– 57% say bonuses and regular rewards contribute to their feeling of being valued in the workplace.

Employee Value Report 2022

Attracting and retaining employees in the cost of living crisis

The cost of living crisis and increased choice in the employment market have made attracting and retaining employees challenging for businesses trying to improve productivity to remain competitive.

Love2shop has helped over 150,000 business just like yours create a culture of recognition and reward to overcome these challenges, empowering them to keep their employees happy and inspire commitment to meeting business goals.

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