People might say the Great Resignation is over. Off the back of mass lay-offs, a slowdown in deal flow and cost of living crisis, it might seem so. However, our recently commissioned survey in partnership with YouGov and HR Ninjas – the UK’s largest free HR community – suggests otherwise.According to survey results, almost 40% of UK working adults have either started, or been looking for a new job in the past year, and 1 in 3 say they are looking to change jobs within the next 12 months.In fact, job moves in the UK have hit a 20-year high. So, what can, and should, employers be doing to convince their employees to stick around in this turbulent job market? And how can HR professionals turn this turnover tsunami into a talent attraction opportunity?Here we dive deep into the eye-opening data and what this means for businesses today:High turnover is impacting moraleCompanies are having a hard time keeping employees in 2023. So what impact is this having on the workforce? 89% of employees and 97% of HR professionals surveyed agree that high employee turnover can negatively impact productivity and morale at work. Not only does low morale negatively impact the employee experience, but it also has a direct detrimental impact on customer satisfaction, business performance and profitability. So if businesses want to maintain the health of their team and company at large - they must find a way to improve staff retention. How important is pay as a factor?So, why are so many employees leaving?Interestingly, the survey results show that despite being in a cost of living crisis, an employee's loyalty to a company isn’t just determined by salary. While 65% of workers did cite poor pay as a factor that would make them consider leaving their current roles - there are many other reasons why employees are looking to jump ship.81% say their job is either stressful or slightly stressful60% say that poor management is a contributing factor53% report low job satisfaction 43% say a lack of recognition is causing them to consider moving onFurthermore, just 28% of working adults say that a higher salary would persuade them to stay at their current jobs. The results couldn't be clearer. Workers today are not purely motivated by pay. And during this era of the Great Resignation, when a post-pandemic public is completely re-evaluating its relationship with the workplace – this societal shift is vital for businesses to understand. Benefits and culture matter So what can businesses do to keep hold of their workforce?The YuLife survey suggests that benefits and culture are highly important to the people you're trying to hire, and retain, in 2023.While entrepreneurs and CEOs everywhere have had mixed feelings about flexible working conditions, 60% of working adults say that flexible working conditions are an important factor when choosing an employer. Additionally, 59% say that the benefits available to employees is an important factor, and 45% agree the company culture is important.Interestingly, when looking at what HR leaders think, there seems to be a clear acknowledgement that workplaces are currently failing to provide this caring culture. Is workplace culture stressful?90% of HR professionals surveyed say their workplace is either stressful or slightly stressful for employees 12% say their workplace doesn’t have any measure to help employees manage this stressFurthermore, 51% of HR professionals agree that their workplace could do better at helping employees deal with grievances with their managers and colleagues.In short, prioritising employee wellbeing and investing in a solid benefits offering is likely to put your company ahead of the pack when it comes to attracting top talent to your workforce, and encouraging them to stick around - yet it seems many companies still have work to do in order to achieve this.A way forwardBehind these statistics, a clear picture emerges. While pay is important, employees today are motivated by more than pay.And to create a happy and motivated workforce in 2023, employees need a workplace that puts them first.What's more -these survey findings make official what many were already sensing. Namely, that a wellbeing benefits strategy isn't just a board-level box-ticking exercise, it's increasingly central to business success.If you would like to hear about practical, actionable strategies of how your company can improve its workplace culture, do download our free ebook here.About YuLifeYuLife is an insurance company and an employee benefit provider. We offer life, health, dental and income protection insurance.At YuLife, we use gamification to enable unmatched levels of employee engagement across all benefits. An independent Forrester Consulting report commissioned by YuLife showed that YuLife’s proactive health and wellbeing offering drives 181% ROI over three years compared to traditional insurance. Our clients include Tesco, Capital One, Aon and Fujitsu, and we’ve been ranked the #1 employee benefit in the UK on Trustpilot.If you are embarking on a holistic wellbeing strategy with your organisation and would like to speak to one of our team members, you can do so here.