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Home News Workforce

New Study Shows Employee Retention Is A Huge Pain Point For Executives

A study from Convene reveals that as executives struggle with employee retention and company culture, there is no one-size-fits-all approach to workplace arrangements.

Aayat AlibyAayat Ali
November 4, 2021
in Workforce
Reading Time: 1 min read
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New Study Shows Employee Retention Is A Huge Pain Point For Executives

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According to a new study from Convene, employee retention and workplace culture are among the biggest pain points for executives. 

The national survey of almost 1,000 full-time employees showed that 77% of business leaders plan to adopt a hybrid work model over the next year, but navigating this new era of work won’t be so simple. 

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In fact, 76% of executive respondents said that retaining talent was an extreme or moderate pain point, with 74% saying the same about company culture.  

As far as what employees want and need from the workplace, there is no one true solution.  

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The survey showed that work preferences varied among teams, with one-third saying they enjoyed working from the office, another third preferred working from home, and the rest finding a flexible office would be most convenient. 

While there was no one-size-fits-all answer to workplace preferences, 92% of respondents did say they would enjoy some type of in-person meetups with their coworkers. 

“It’s clear that the future of work is flexible, as employees recognize the benefits of both in person and remote work,” said Ryan Simonetti, CEO and cofounder of Convene. “We will continue to offer flexible, hospitality-driven tools and environments necessary for companies seeking to attract and retain top-performing talent and succeed in today’s changing business landscape.” 

Source: PR Newswire
Tags: Career GrowthWorkforce
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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