Ceridian Pulse of Talent Report: Workers Crave Flexibility at Work and in Career Path

Rhea-AI Summary

Ceridian (NYSE: CDAY) released its 2023 Pulse of Talent report, highlighting that 90% of employees felt stuck in their roles last year, with 33% feeling that way often or always. The report suggests that employers can enhance retention by offering clear career paths, with 84% of respondents indicating that a defined path boosts their commitment. The survey, which included 8,833 workers, reveals that only 52% of employees are committed to staying with their company for three to five years, and prioritizes flexibility and work-life balance over compensation.

Positive

• 84% of employees with a clear career path feel more committed to their employer.
• 35% of employees find a career path change within their company appealing.
• 51% of flight-risk employees would consider staying if career path opportunities were provided.
• 43% of employees want to move into new roles in different departments.

Negative

• 90% of surveyed employees felt stuck in their roles.
• Only 45% felt their employer understands their career aspirations.
• Only 52% of employees are committed to staying with their current employer for at least three to five years.

Report reveals 90% of surveyed workers have felt stuck in their role over the past year

TORONTO and MINNEAPOLIS, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today released results from its 2023 Pulse of Talent report revealing that workers don’t only want flexibility in where and how they work – but in their careers, too.

Nine in 10 surveyed employees say they’ve felt stuck in their role over the past year, with one-third (33%) feeling that way often or always. The good news? Employers offering clearly defined career paths – aligning to employee aspirations – can win big in retaining talent: 84% of employee respondents who have a clear career path say it makes them more committed to their employers.

The report, which surveyed 8,833 workers across eight countries and in companies with at least 100 employees, also showed:

• Less than half (45%) of respondents said their employer understands their career aspirations.
• More than one-third of surveyed employees (35%) find a change in career paths within their company appealing.
• Among flight-risk employees, just over half of employee respondents (51%) would consider staying if their employer provided opportunities to change career paths within their company.
• More than four-in-ten surveyed employees (43%) are interested in moving into a new role in a different department or team, and 49% said they want to contribute skills to new projects from within their current role.

The report underscores the need for employers to respond to employee needs and aspirations. This is critical as only half of today’s surveyed workforce (52%) feel committed to staying with their current employer for at least three to five years.

“What’s clear from our research is that employees have commitment issues with their employers,” said Susan Tohyama, CHRO, Ceridian. “There is an opportunity for employers to counter this trend, with their own long-term commitment to employee work/life, career flexibility, and engagement. This includes opening up opportunities for employees across an organization, while giving them greater control about where, when, and how their job gets done to truly meet the needs of a modern workforce.”

Compensation alone will no longer keep employees

When asked what employees value most in a job, surveyed workers globally cited compensation – yet that factor remained flat year-over-year at 55%. Survey data shows flexibility/work-life balance rose to 49% (up from 41%) overtaking job security, which dropped to 36% (down from 47%). Notably, respondents aged 18-24 selected flexibility as their most important job attribute at 44% (ranking it above compensation at 41%, and job security at 26%).

Download the 2023 Pulse of Talent report: The Rise of the Flexible Career Experience: www.ceridian.com/resources/2023-pulse-of-talent.

About Ceridian

Ceridian. Makes Work Life Better™.

Ceridian HCM Holding Inc. 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.

Survey Methodology
Hanover Research conducted Ceridian’s Pulse of Talent research study online from August 19 to September 1, 2022. The study included 8,833 respondents with a margin of error of ±.78% aged 18+ who work at companies with at least 100 employees across Australia, Canada, Germany, Malaysia, New Zealand, Singapore, the United Kingdom, and the United States.

Media Contact: 
Rachel Kreuter
647-707-7835
Rachel.kreuter@ceridian.com

FAQ

What does the 2023 Pulse of Talent report by CDAY reveal?

The report indicates that 90% of surveyed workers felt stuck in their roles last year and underscores the importance of clear career paths for employee retention.

How many employees are committed to staying with their employer according to CDAY's report?

Only 52% of employees surveyed feel committed to staying with their employer for at least three to five years.

What percentage of employees find flexibility important in their job according to the report?

49% of employees prioritize flexibility and work-life balance, which has increased from 41%.

What is the overall sentiment about career paths in the CDAY survey?

The survey shows that employees want more defined career paths, with over one-third finding internal changes appealing.