Gallagher Study Finds Career Development as a Top Factor in Employee Engagement and Retention

“Hiring and retaining talent is one thing, but driving better organizational outcomes requires effective engagement solutions,” said William F. Ziebell, CEO of Gallagher’s Benefits & HR Consulting Division. “If employees are given more opportunities to develop and advance their knowledge and skills from their employer, they’re more likely to gain a sense of purpose in their work leading to increased motivation, engagement and buy-in.”
Gallagher’s study, which draws data and insights from more than 3,500 organizations across the
Support for career development, growth, and mobility has been a steady driver of engagement and retention, and it still is — now more than ever.
More employers are recognizing the importance of developing and implementing a consistent engagement approach, as nearly 3 in 5 (
Service awards or employee recognition are commonly offered by
While
More employers are embracing the value of DEI but are slow to fully integrate their practices.
Across all types of organizations, the importance of integrating DEI into the people strategy is gaining recognition. More leaders acknowledge its influence on workplace culture and feel a growing urgency to respond to key stakeholders’ expectations. However, few have actually completed the integration of DEI policies, practices, and programs within their organization.
To bridge the gap between intention and action, employers are taking a more holistic approach to DEI. Nearly half (
“A committed employee engagement strategy that includes DEI can strengthen culture and retention,” said Ziebell. “And consistency in these aligned approaches will promote trust and credibility, ensuring that the employee experience remains a top organizational priority.”
ABOUT THE 2024 U.S. CAREER WELLBEING REPORT
Gallagher’s 2024 U.S. Career Wellbeing Report is part of the Workforce Trends Report Series, covering employee engagement and DEI. It presents recent findings on current and emerging trends to help employers optimize their career wellbeing investments. Other reports in the series center on a specific aspect of employee wellbeing, including physical, emotional, and financial. Data and insights are compiled from a variety of Gallagher benchmarking surveys conducted each year. In this report, they’re based on the results of the
ABOUT GALLAGHER
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in
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Mary Schwartz, Gallagher
847.378.5893
[email protected]
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