Those are two findings from a new workplace study conducted by PricewaterhouseCoopers. Titled ""Work-Life 3.0: Understanding How We'll Work Next," the study includes data from nearly 1,400 U.S. employees in a wide variety of businesses.
Some of the workplace trends the study revealed appear to be a bit contradictory. For example, 60 percent of respondents rated their current job satisfaction as an 8, 9, or 10 on a 10-point scale. Meanwhile only 38 percent gave their company's leadership a top score, and one-third expect to switch jobs in the next six months.
The study's authors say the results suggest that employers are getting better at fostering positive workplaces, but there's still a measure of latent discontent--particularly in Gen Z and millennial workers--that can't go unchecked. Younger workers trust their employers less and report being less satisfied with their work-life balance, primarily because they're given less flexibility in their hours and work-related tasks than their older bosses. And just 29 percent said they feel that their opinions matter in the workplace.
Even though a significant number of millennials are considering jumping ship and many are moving toward independent work, they also reporting being concerned about job stability--around 60 percent ranked it as "very important." So here are three quick ways you can stay ahead of the curve and convince those antsy employees to stay put:
1. Remain in startup mode
Small business owners get a gold star: 80 percent of small business employees reported feeling appreciated at work, compared with 69 percent of those at large businesses. To keep your talent, maintain a startup mindset even as your company grows, and give employees extra freedom, especially with the hours they work.
2. Be flexible
Survey respondents were overwhelmingly in favor of having the flexibility to work from home, and to set their own hours. In addition to increasing worker satisfaction, such arrangements also have been shown to boost productivity. These and other progressive policies, like paid parental leave, show workers that they are trusted and valued--increasingly important facets of employees' overall job satisfaction.
3. Invest in (and reward) your employees
Real-time feedback--including praise for a job well done--is increasingly important for younger workers. By incorporating a structure for positive, public reinforcement of good work, employees will feel validated, and motivated to do even better in the future. And don't underestimate the power of monetary benefits: Paying employees above industry averages is a surefire way to demonstrate you value their contributions.