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Why Your Employees May Be Looking for a New Job

 
 
By Dennis McCafferty  |  Posted 06-29-2017
 
 
 
 
 
 
 
 
 
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    Why Your Employees May Be Looking for a New Job
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    Why Your Employees May Be Looking for a New Job

    Salary dissatisfaction and feelings of being underappreciated are causing many employees to seek new jobs. Find out how to avoid a talent exodus in your staff.
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    Exploring Options
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    Exploring Options

    25% of the employees surveyed said they plan to look for a new job during the next three months, and 35% intend to look for a new job over the next year.
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    Why Employees Seek New Jobs
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    Why Employees Seek New Jobs

    Dissatisfaction with current salary: 20%, Don't feel valued by employer: 12%, Dissatisfaction with growth opportunities: 10%
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    Most Prized Benefits for Long-Term Future
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    Most Prized Benefits for Long-Term Future

    Flex-time: 25%, Performance bonuses: 21%, Telecommuting: 20%
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    Here Today …
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    Here Today …

    52% of the workers surveyed said they are confident that their current primary job will still exist in 2037, although 17% admitted that the primary job they held in 1997 no longer exists.
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    Team Tethered
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    Team Tethered

    42% said they hesitate to take earned vacation time because they're afraid of disrupting their team's workflow, and 30% said they feel guilty when requesting vacation time.
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    Budget Strapped
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    Budget Strapped

    62% of the HR managers surveyed said their organization recognizes the need to pay higher wages to stay competitive, but it simply can't afford to do so at this time.
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    Competing Interest
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    Competing Interest

    74% said their competitors are raising wages to attract top talent.
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    Tech Demand
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    Tech Demand

    59% of the HR managers said it is difficult to find qualified science, technology, engineering and mathematics (STEM) pros, up from 51% who said this last year.
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    Elusive Education, Part I
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    Elusive Education, Part I

    62% said their company struggles to keep up with evolving training demands so that workers' skills stay up to date, up from 48% who said this in 2016.
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    Elusive Education, Part II
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    Elusive Education, Part II

    62% of the HR managers said it is difficult to keep up with the costs of training workers for future skills needs, up from 48% who said this last year.
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    Generational Issue
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    Generational Issue

    57% of the HR managers surveyed said their organization finds it challenging to recruit and hire Millennials, up from 50% who said this in 2016.
 

A significant percent of workers plan to look for a new employer sometime during the year, according to a recent survey from Spherion Staffing. The resulting "2017 Emerging Workforce Study" indicates that salary dissatisfaction is driving much of the motivation to find new work. But a lack of professional growth opportunities and feelings of being underappreciated are also contributing to the problem. CIOs and other managers can improve matters without dipping into their budgets, as many professionals today seek flex-time and telecommuting arrangements in the interest of greater work-life balance. "We've never seen employees have this much leverage to improve their situation and fulfill their demands for better salaries and working conditions," said Sandy Mazur, division president for Spherion. "This year's study reinforces the need for employers to reevaluate their retention strategies and take a closer look at the factors—both financial and non-financial—that influence their workers' professional decisions. While not all businesses will have the flexibility to raise wages right away, our data indicates that there are a range of alternative measures that may prevent an employee exodus." More than 730 U.S. HR managers and 2,060 employees took part in the research, which was conducted by the Research Now Group.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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