Ceridian Pulse of Talent Report: Burnout Impacting Majority of U.S. Workforce

Rhea-AI Summary

Ceridian (CDAY) released its annual Pulse of Talent report, revealing that 87% of U.S. workers have experienced burnout, with 44% indicating high or extreme levels. The study, conducted by Hanover Research, surveyed 1,404 workers and found that 24% are actively seeking new jobs, while another 36% would consider leaving for better opportunities. Key burnout factors include increased workloads and insufficient compensation. With changing employee expectations, companies must adapt to enhance employee experience and retain talent effectively.

Positive

• Surveyed workers highlight the importance of employee experience and the need for better compensation, signaling potential market demand for innovative HR solutions.
• Dayforce, Ceridian's flagship platform, aligns with evolving workforce needs, focusing on wellness and skill development.

Negative

• 87% of surveyed workers experiencing burnout suggests potential future workforce challenges.
• A significant 24% of workers actively seeking new jobs indicates high turnover risk for employers.

TORONTO and MINNEAPOLIS, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY) today released results from its annual Pulse of Talent report, which showed the majority of American workers have struggled with burnout over the course of the pandemic. Meanwhile, one in four workers are actively seeking new jobs.

Ceridian’s 2022 Pulse of Talent Report was conducted by Hanover Research and surveyed 1,404 workers in companies with at least 100 employees. The report revealed:

• 87% of surveyed U.S. workers have experienced burnout, with 44% reporting high or extreme levels
• The top three catalysts for burnout among survey respondents were increased workloads, insufficient compensation, and mental health challenges
• One quarter (24%) are currently seeking a new job, with another 36% saying they’d consider leaving for the right opportunity
• Nearly half (46%) of those who reported looking for new employment said it was because they wanted better compensation, including higher salary and benefits, while another 33% seek more flexibility, such as remote work and flexible hours

“The relationship between employer and employee has fundamentally changed over the course of the pandemic, creating a reset in expectations as employee needs rapidly evolve,” said Steve Knox, VP of Global Talent Acquisition, Ceridian. “It comes down to the employee experience – from the way people get paid, to where, when, and how they work. The organizations that solve for these factors first will be the employers of choice moving forward.”

The report comes on the heels of the latest BLS JOLT survey, which saw quits reach another series high in September, with 4.4 million US workers quitting their jobs.

“In the current climate, retaining top talent is imperative. Employers need to focus on empowering their people by embedding value at every touch point. This means leveraging technology to deliver programs that support wellness, skill development, and the benefits that employees want and need most,” concluded Knox.

Dayforce, Ceridian’s flagship cloud HCM platform, is the always-on people platform for the global workforce. It delivers global compliance, workforce intelligence, and people empowerment in today’s increasingly borderless, fluid, skills-based, and augmented world of work. Dayforce Wallet, Ceridian's market-leading pay solution, enables employees to access their earned wages at any time, improving financial well-being.

Methodology: Hanover conducted the Pulse of Talent research study online from October 5^th to 19^th, 2021, among 1404 employed American respondents, aged 18+, at companies with at least 100 employees.

About Ceridian HCM Holding Inc.

Ceridian. Makes Work Life Better™

Ceridian is a global human capital management software company. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Our platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian. 

Media Contact

Rachel Kreuter

Rachel.kreuter@ceridian.com

647.707.7835

FAQ

What did the Pulse of Talent report by Ceridian reveal?

The report showed that 87% of U.S. workers have experienced burnout and 24% are actively seeking new jobs.

When was the Pulse of Talent report conducted?

The report was conducted from October 5 to 19, 2021.

What are the main factors contributing to worker burnout according to Ceridian?

Increased workloads, insufficient compensation, and mental health challenges are the top factors.

What percentage of workers would consider leaving their jobs for better opportunities?

36% of respondents said they would consider leaving for the right opportunity.

What implications does the report have for companies regarding talent retention?

The report emphasizes the need for companies to focus on employee experience to retain top talent.