About 1 in 7 employed Americans would like to leave their current job for a new one in the next 12 months, according to an October 9 report from Yoh, an international talent and outsourcing company owned by Day & Zimmermann.
On the other hand, 28% of workers said they love their jobs and would not leave their company for any reason.
“Companies should have their finger on the pulse of their workforce and avoid assuming the best when it comes to their feelings, perceptions and attitudes,” Emmett McGrath, president of Yoh, said in a statement.
“The data shows that a significant portion of workers today have at least some reservations about their jobs,” McGrath said. “Employee engagement efforts continue to be valuable tools for connecting with workers, listening to their concerns and needs, and taking meaningful action to ensure employees are satisfied in their current roles and remain loyal to their employers.”
In a survey of 1,175 American adults who work full-time or part-time, a quarter said they would leave their current job in the next 12 months only if they received higher pay or better benefits.
Other changes did not seem to be as attractive. About 7% of respondents said they would leave their current job within the next year if they received the same salary but could work on more interesting projects. Similarly, about 6% said they would leave their current job if they received the same salary but no longer had to work for their current boss.
Looking ahead, about 14% of workers said it would benefit their careers long-term to leave their current job now for a new one. Additionally, 14% said they think they will have to look for work in the next three years to get the raise they think they deserve, and 11% have been dissatisfied with their annual raises — or the lack of a raise — and I would. consider another job for it.
Among respondents, older employees appear to be more loyal to their current employer than their younger colleagues. About 42% of workers over 55 said they loved their jobs and wouldn’t leave, compared to 19% of those aged 18-34.
As high turnover rates continue, retention remains a priority for both operations and HR this year, according to a recent Gallagher report. In response, employers are creating more comprehensive benefits and compensation packages to improve the employee experience.
unfortunately, billing costs have increased at more than $57,000 a year on average, according to an Express Employment Professionals report, and other employees feel the added stress. Communicating with these employees, and possibly conducting stay interviews, could help them feel heard and be more likely to stay.
Payment transparency can too improve retention rates and reduce turnover, according to a recent report from Payscale. HR professionals can also provide total compensation statements that show employees how their pay is set and what additional factors influence their overall rewards.
