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Stress Management Key to Employee Retention

Workers rank stress as a top reason they would leave their company1, yet only 50% of employers offer stress management programs to employees primarily because they are perceived to have low impact on employee attraction and retention, according to a new research report, Attraction and Retention: The Impact and Prevalence of Work-Life and Benefit Programs by WorldatWork (http://www.awlp.org/awlp/home/html/homepage.jsp), an affiliate of WorldatWork. "It's not just about treating the symptoms of stress with massages and yoga classes, but actually delving into the company's work processes and culture to figure out potential causes of pressure such as lack of supervisor and co-worker support, inadequate feedback, workload or scheduling issues."

While not surprising, paid vacation and medical plans topped the list of programs rated as having a high impact on attraction and retention. More than 90 percent of participants said that paid vacation has a moderate to high impact on attraction and retention. A full 100 percent of participating organizations have a paid vacation program in place. Defined benefit plans, flex-time and telecommuting also were rated as high-impact programs.

Key Findings

-    While stress is a top reason employees leave an organization, only 30 percent of employers offer emergency back-up dependent care services, on-site childcare and sabbaticals.

-    Phased retirement is offered by only 32 percent of employers, even though it has moderate to high impact on retention (73 percent).

-    While on-site childcare has a moderate to high impact on attraction (78 percent) and retention (76 percent), only 25 percent of organizations offer it.

-    Four out of 10 organizations do not offer telecommuting; of those that do, 85 percent said telecommuting has a moderate to high impact on employee retention.

-    Only 44 percent of companies offer profit sharing though it has a moderate to high impact for attraction (82 percent) and retention (80 percent).

The WorldatWork (http://www.worldatwork.org/waw/home/html/home.jsp)) is an association of human resource professionals from FORTUNE 500 and other leading organizations worldwide focused on attracting, motivating and retaining employees.

Founded in 1955, WorldatWork provides practitioners with training and education to effectively design and implement strategies and practices in total rewards, including compensation, benefits, work-life, recognition, and career development. With offices in Scottsdale, Arizona and Washington, D.C., WorldatWork supports its 30,000 members and professionals in 75 countries with thought leadership, publications, research and community. WorldatWork administers certification through the WorldatWork Society of Certified Professionals.

The WorldatWork group of registered marks includes: WorldatWork, workspan, Certified Compensation Professional or CCP, Certified Benefits Professional or CBP, Global Remuneration Professional or GRP, Work-Life Certified Professional or WLCP, WorldatWork Society of Certified Professionals, and Alliance for Work-Life Progress or AWLP.

WorldatWork Journal, WorldatWork Press and Telework Advisory Group are part of the WorldatWork family.

Press Contact:

Marcia Rhodes, APR

Media Relations

WorldatWork

Phone: 480/348-7285

E-mail: mrhodes(at)worldatwork.org

www.HRmarketer.com) on behalf of the company listed above.

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