Sharing gratitude and recognition matters: Among Americans who plan to remain at their current company in 2023 (81.5%), the top reason they want to stay is because they feel appreciated and valued
Snappy, the award-winning, all-in-one gifting company, releases findings from Unwrapped: Snappy’s 2023 Workforce Study, providing an in-depth look at the state of the American workforce. The report, released ahead of Employee Appreciation Day on March 3, 2023, surveyed more than 1,500 working Americans to understand current workplace climates, attitudes toward modern workforce trends, and opportunities for employers to cultivate a more engaging organization.
Coming off a year seemingly filled with movements of workplace renaissance and revitalization, as American workers and employers alike both re-evaluated what the future of work will look like, data shows there are surprising generational and gender divides into preferred working locations, expectations among employment experience, and what employees want from their employers in as they seek validation, gratitude, and signs of appreciation.
The majority of Americans surveyed report they prefer the opportunity to have flexible schedules with 21.9% preferring to work fully remote, and 30.1% embracing a hybrid mix of working from home and the office. Just less than half of Americans (48.1%) reporting their preferred working location is to be always in-person. Among workers who report they have plans to leave their current job in 2023 (18.5%), 6.6% report the primary reason for their plans to depart is they are seeking work that is fully remote, with 5.9% of Americans report they are primarily seeking work that is hybrid. Workers aged 45-54 are most adamant about finding fully-remote work, with 14% reporting remote work as their top priority when looking for a new job this year, followed by workers aged 24-35 (9.9%).
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While 81.4% of the total population of American workers report feeling appreciated at work, it varies greatly by generation: 85.1% of GenZ (18-24) report feeling appreciated at work, while only 78.4% of 45-54-year-olds and 78.2% of those age 55+ feel appreciated. Men (84.4%) and gender non-conforming employees (80%) report they feel appreciated at work, while only 78.7% of women feel the same.
When it comes to how employers can express gratitude and appreciation, men report wanting gifts (26.8%), awards and accolades (25.6%), and company swag (10.9%), while women prefer recognition in the form of complimentary lunches (30.4%) and gifts (29.4%), and for those workers surveyed who identify as transexual, gender fluid, or gender non-conforming, they prefer to receive gifts (60%) and personal notes from their managers (20%). GenZ (18-24-year-olds, 31.5%) and millennials (25-34-year-olds, 31.4%) prefer to receive recognition and feel appreciated in the form of receiving gifts from their employers, while those team members age 55+ would be grateful for a company-sponsored lunch (32%). Overall, 9 in 10 Americans (90.3%) believe a company should recognize employee contributions with tokens of appreciation.
When it comes to ongoing daily motivation for employees in America, 1 in 3 (30.4%) surveyed workers report money and compensation are their top motivating factors. GenZ (18-24; 33.2%), GenX (45-54; 35.6%), and Baby Boomers (55+; 33.3%) all over-indexed on money being their primary motivator, while millennials 25-34 years old (25%) and 35-44 years old (22.5%) under-indexed. The most important motivator for millennials aged 25-34? Work/life balance (27.5%).
Unwrapped: Snappy’s 2023 Workforce Study explores employee satisfaction, motivation, and moments of gratitude and tokens of appreciation, such as gifting, can improve employee engagement, and increase retention and overall job satisfaction.
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TOP STATISTICS – UNWRAPPED: SNAPPY’S 2023 WORKFORCE STUDY
- As of January 2023, 86.2% of Americans surveyed report they feel confident about their job security this year
- 81.5% of Americans surveyed report they plan on staying at their current job in 2023. Top reasons they report wanting to stay at their current job include:
- I feel appreciated and valued by my team and company (21.7%)
- I love everything about my current role and company (19.6%)
- I don’t want to risk moving to another company in this economy (17.8%)
- I feel confident in the financial future of our company (13.6%)
- I expect a pay raise (11.6%)
- I believe in our company mission (10%)
- I expect a promotion (5.7%)
- 4 out of 5 Americans (81.4%) surveyed report they feel appreciated at work
- The majority of Americans in the workforce feel their contributions at work are recognized (80.5%) and their opinion and POV are valued (80.9%)
- The top reasons why Americans report leaving their previous jobs include:
- Seeking career growth (39.2%)
- Seeking more money in a new role (17.9%)
- Seeking better company culture (12.2%)
- Concern about the future and stability of the company (8.7%)
- Company layoffs (7.3%)
- Bad manager (6.2%)
- Seeking work that is fully remote (5%)
- 18.5% of Americans surveyed report having plans to leave their current roles for a new job in 2023; The reasons for doing so include:
- Seeking more money in a new role (26.6%)
- Seeking career growth (21.3%)
- Concern about the future of their current company (10.1%)
- Not feeling respected or valued in their current role (8.4%)
- Seeking better company culture (8%)
- Currently have a bad manager and are seeking a better leader (7.3%)
- 90.3% of Americans believe a company should recognize employee contributions with tokens of appreciation
- The majority of Americans (86.2%) agree: I believe gifts and tokens of appreciation motivate my colleagues and team members
- Among Americans who directly manage others, 59.2% report their company provides them with a budget to gift my direct reports when they want to recognize and reward their work
- Employees want to be gifted and recognized: Some of the most important opportunities to recognize employees through gifting, according to those employees, include:
- On annual work anniversaries (51.1%)
- Birthdays (41.9%)
- Anytime a big project is successfully completed (35.2%)
- Lifestage celebrations (engagement, wedding, baby, completing a degree or certification, new home purchase, etc;) (30.7%)
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