2024 Engagement and Retention Report
What is your employees’ emotional salary?
Updated on January 30, 2024

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Topics Covered:
Attracting and retaining talent
Rewards and recognition
Retention is tougher than ever. 41% of employees plan to job hunt in 2024, and another 24% are on the fence — meaning two-thirds of your workforce could be at risk. Do you have a strategy in place to keep your top talent engaged?
The 2024 Engagement & Retention Report from Achievers Workforce Institute (AWI) reveals the real drivers of turnover — and how HR leaders can stop it. Yes, money matters, but it’s not the whole story.
So, how can you create a workplace where employee engagement takes center stage? It starts with understanding what truly drives their decisions and addressing those needs head-on.
What’s impacting employee retention in 2024?
Think compensation is the top reason employees are leaving? Think again.
Employees aren’t just chasing paychecks — they’re looking for opportunities to grow, feel appreciated, and work in a culture that supports them. If you focus only on salaries, you risk losing your best people to companies that offer more than just a paycheck.
How HR leaders can drive employee engagement and retention
The solution? Emotional salary — the non-monetary factors that drive employee engagement and retention. By investing in career development, recognition, and work-life balance, companies can create a loyal, engaged workforce that feels valued and committed.
AWI has uncovered five powerful ways to boost emotional salary:
- Align culture with values
- Celebrate success with frequent recognition
- Foster strong work relationships
- Provide consistent, actionable feedback
- Offer clear paths for career progression
Don’t wait until employees hand in their notice. Get ahead of the curve with research-backed strategies to keep employee engagement and loyalty at the forefront of your organization.
Download the 2024 Engagement & Retention Report now to discover actionable insights that will help you retain your top talent in 2024.

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