4.4 million workers are so unhappy they are looking to leave – 27% of those would walk without a job to go to.
Love2shop Employee Value Report 2023
UK-wide study finds 5.5 million UK workers feel undervalued, with over 4 million planning to leave their job as soon as possible. Many UK employers are still failing to recognise the importance of employee value to business.
Our report reveals why this is a real problem for businesses, from increased costs to staff turnover – and how you can solve it.
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Are you looking to recruit better candidates,
retain your most talented employees and improve overall productivity?
Productivity
57% of UK workers say their productivity increases when they feel valued. Investing in employee value is a cost-effective way to deliver visible benefits to improve your business performance.
Savings
31% of workers say work rate will drop if their employer ignores how they feel and 19% would negatively influence colleagues. That is a real cost to employers who fail to act.
Attraction
Bringing in the best talent is vital for growth. Our data shows that 8-out-of-10 workers believe businesses that regularly reward employees attract higher-quality candidates.
Join over 150,000 businesses who are improving team morale and productivity in a cost-effective way with these 3 steps:
Download the Love2shop Employee Value Report 2023 or fill in our enquiry form.
Speak to our expert team about our products and solutions – and let them help you plan your strategy.
Start building an engagement, reward and recognition strategy help improve employee happiness and performance.
Investing in employee value
A sizeable 5.5 million workers in the UK remain unhappy in their role – despite many employers taking steps to improve conditions since Love2shop’s first Employee Value Report in 2022.
Significant numbers of employers have still not acted to change their workplace culture. By not investing in reward and recognition strategies they are missing the opportunity to increase performance, reduce costs and fuel growth and allowing their rivals to gain an advantage.
According to the Love2shop Employee Value Report 2023, 80% of undervalued workers are actively looking for a new job. As the cost of living continues to rise, the impact of meaningful rewards and incentives is greater than ever.
90% of UK workers would feel valued if they received a multi-retailer gift card from their employer
34% told us if they did receive a gift card, it would be put towards the weekly shop due to increasing food costs
Transform your engagement
The rising cost of living is increasing pressure on workers. To remain competitive and reduce recruitment and training costs, businesses need to invest in positive cultural change – starting with employee engagement.
Love2shop Business 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.
Contact our team today to discuss how Love2shop can support your goals.
Enquire Today
Fill in your details to make an enquiry about Love2shop products and services, and how they can help you deliver more effective student support.
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