'The great wellbeing walkout' | Retention set to be 'colossal issue' in 2024 as 3 in 4 firms neglect employee morale

Organisations cannot afford to neglect or pay lip service to employee morale if they want to retain talent, according to new research from HR, payroll and finance expert MHR.

In its latest Employee Experience report – which identifies employee wellbeing as a huge component of morale – MHR reveals that 75% of organisations fail to regularly check in on employee needs and attitudes, for example through satisfaction surveys.

Findings from a separate MHR poll demonstrates the impact this lack of attention is having on employee perceptions, with more than three-quarters (79%) of employees saying they do not believe their employer when they promote mental health initiatives in the workplace.

The huge number of employees who think that there is no support in place suggests retention will be a colossal issue for HR teams in 2024 unless communication on employee morale is drastically improved.