With the ever-evolving labor market of recent years, people and companies have been scrambling to adjust. From the Great-Resignation in 2020 to the Great Re-hire in 2021, 2023 could be the year of the “Great Retention”, as focus shifts to creating and maintaining employee loyalty.
Find out more in the full report.
Morgan Stanley at Work fielded a twenty question Annual Voice of the Participant (VOP) Survey with 86,000 U.S. stock plan participants - a 205% increase in response year-over-year (YoY) – to gather insights and feedback about stock plan experiences, and to explore the value of stock plan benefits in driving employee retention.
What remains clear is that stock plan benefits are a valuable—and valued—workplace offering and that maintaining employee loyalty requires some employer-led actions. Workplace financial benefits continue to be an important consideration when determining whether to accept – or stay at – a job, along with an expectation that companies will help employees get the most out of these benefits through education and financial know-how.