ManpowerGroup: Financial expectations of employees are the biggest challenge for companies

Financial expectations of employees are the biggest challenge for companies, according to a report by ManpowerGroup.

According to the analysis, the biggest challenges for employers are financial expectations (42%) and employee engagement and motivation (39%). Recruitment and talent retention ranked high (32%), but so did employee expectations for development (31%). The list of top 5 challenges is closed by the lack of skills needed for the position (30%), according to the communiqué on the ‘Job market in the AI era’ report.

IT labour market expert and leader at Experis Justyna Mazur assessed that "young workers have high aspirations and salary expectations, this is a result of being aware of their qualifications, but also of the rising cost of living and education."

"However, this does not mean the end of challenges, as a well-paid employee, does not always remain committed and motivated. Younger employees are constantly looking not only for development opportunities, but also for meaning in their work. The lack of these elements in their working life leads to a decline in their commitment and ultimately to their leaving the company. Thus, even the best-paid employees may not fulfil their expectations, which is why it is so important not only to recruit the right people, but also to keep them in the organisation for many years," Mazur added.

According to the report, the actions most effective in increasing the engagement and productivity of young employees with up to 10 years of work experience are increasing the use of technology at work (77%), increasing pay (76%), and an emphasis on wellbeing (75%).

Improving the onboarding process (74%), flexibility in the choice of working hours (73%), and greater transparency about internal career development opportunities (72%) also have a positive impact on young talent engagement and productivity, it was reported.

Source: ManpowerGroup and ISBnews