SHRM/Globoforce Survey Reveals Employee Turnover is Top Workforce Challenge Facing HR Leaders

Employee retention/turnover is the number one workplace challenge facing HR leaders today, according to the 2015 SHRM/Globoforce Employee Recognition Survey. The survey results were announced by Globoforce, a leading provider of social recognition solutions, and the Society for Human Resource Management (SHRM), the world’s largest association devoted to human resource management. In the survey, 40 percent of HR professionals cite employee retention/turnover as their top organizational challenge, followed by employee engagement.

The survey of 823 HR leaders also examined the benefits of employee recognition programs tied to company values, and the impact these programs can have on company culture. 90 percent of respondents practicing values–based recognition say it positively impacted engagement, while 68 percent say it positively impacted retention. 

Some of its key insights and findings from the report include that 40 percent of respondents say that the loss of personnel is a top challenge; another 29 percent are concerned about finding replacement talent. 39 percent say employee engagement is their primary concern; down from 47 percent in 2013; and 24 percent of respondents cite culture management as being their top HR concern.

“Now more than ever, companies are focusing on culture as a competitive differentiator,” said Eric Mosley, CEO of Globoforce. “They’re realizing that a best-in-class culture is dependent upon employees feeling engaged and nurtured, and that this type of human workplace starts and ends with recognition.” 

To download the latest report, click here.