Can Investing in Employee Experience Actually Save You Money?
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Employee experience is closely linked to retention, productivity and cost control. Automating spend management can reduce low-value tasks and help companies retain talent in a competitive hiring market.
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- SAP Concur BlogCan Investing in Employee Experience Actually Save You Money?
A SAP Concur blog post discusses the value of employee experience amid the Great Resignation. It cites U.S. Bureau of Labor Statistics data that upwards of 3 million people have been quitting their jobs every month since April 2021, with the highest quit rates among mid-career employees and in the health care and tech industries according to Harvard Business Review. It cites a 2019 Gartner employee survey showing employees happy with their experience at work are 69% more likely to be high performers. It also notes a Work Trend Index survey finding 70% of employees want to continue working remotely, 65% want more in-person time with co-workers, and 66% of decision-makers plan to support hybr…