Two reports have shed new light on what drives employee loyalty as wellbeing issues are found to be a key factor in staff retention.
A study by business insurer Equipsme polled 2,980 full-time workers and found that when it comes to reasons for staying in a job, good salary comes top (89%) but it is closely followed by employee benefits (76%) and workplace atmosphere (73%).
And, when asked about reasons for leaving a job, a low salary was only cited by 17% of those polled, compared with a hostile work environment (mentioned by 28%) or a lack of employee benefits (21%).
These findings are in line with the results of a new survey conducted by Opinium for Bupa which has found that 53% of employees identify trust as a primary reason to stay or leave a company. It shows that nearly a quarter of UK employees (24%) have left their company due to issues around trust.
Although trust is not a tangible workplace benefit, such as salary and bonuses, the report concludes that it is an essential variable in promoting harmony and productivity at work. The findings show that 80% of employees say they currently feel trusted by their colleagues, line manager and senior leadership team, rising to 85% amongst those aged 55+.
However, nearly a quarter (23%) of UK employees said they would feel more motivated if trust was placed in them, 22% said it would help them to feel happier and 18% said it would make them more productive at work.
Mark Allan, commercial director for Bupa UK Insurance, said: "Wellbeing is now a boardroom priority and it's clear that trust is key to building a healthy business culture - increasing motivation, engagement and colleague retention as well as employees' wellbeing. This latest research highlights the importance of creating a workplace culture that allows people to thrive and also that businesses are recognising the importance of promoting a trustful workplace."