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New Year, New Employer: 1 in 5 Workers Expect to Change Jobs in 2014

1 in 5 workers plan to change jobs in 2014Eat healthy. Drink less. Travel to a new place. Visit the gym more. Who are we kidding — just JOIN a gym. These are the typical resolutions you might expect to find on people’s lists this time of year.

But employers, brace yourselves: As many as 1 in 5 (21 percent) U.S. workers are getting ready to walk out your door by resolving to change jobs this year, according to a new CareerBuilder survey of more than 3,000 full-time employees. TWEET THIS

To put that number in context, it’s up from 17 percent last year, and is at its highest since the Great Recession.

The question is, WHY are people giving their two weeks notice and running for the hills? And who is most at risk?

I Can’t Get No Satisfaction!

That’s the tune many employee are singing today. Get this — since last year, worker satisfaction has dropped seven points (from 66 percent to 59 percent).

Salary concerns (66 percent) and not feeling valued (65 percent) at work are the biggest culprits for the 18 percent who say they’re dissatisfied (up from 15 percent last year). TWEET THIS

How can you as an employer mitigate such concerns? Rosemary Haefner, vice president of human resources for CareerBuilder, offers a few tips: “Offering frequent recognition, merit bonuses, training programs and clearly defined career paths are important ways to show workers what they mean to the company.” So if you haven’t already, it may be time to start thinking along those lines.

What makes them go and what makes them stay?

Workers can become your biggest flight risks when they…

  • Are downright dissatisfied with their jobs (58 percent).
  • Can’t see the pathway to advancement opportunities (45 percent).
  • Want better work-life balance options (39 percent).
  • Are underemployed (39 percent).
  • Are highly stressed. Mini breakdown alert! (39 percent).
  • Don’t really think their boss performs that well (37 percent).
  • Didn’t get that promotion even though they felt they deserved it (36 percent).
  • Have less mileage with the company — two years or less.(35 percent).
  • Are stuck with the same old pay (28 percent).

Consider improving these areas in particular to try to prevent a looming exodus.

It isn’t ALL bad news though: 8 in 10 workers (79 percent) say they aren’t planning to go anywhere. While there may not be a magic bullet to solve your retention problems, factors besides the typical good salary (43 percent) and good benefits (49 percent) can help.

Among the top reasons workers cited for staying in their jobs, good co-workers (54 percent), good work-life balance options 50 percent), a good boss (32 percent) and the sense of feeling recognized and valued (29 percent) ranked high on the list.

We want to hear from you: Were you surprised by these stats? What retention tips have you found to be most effective in your company? Tell us in the comments below or tweet us @CBforEmployers.

Click here to read the full report. And you may also be interested to find out why 60 percent of millennials are leaving their dream jobs.

Deanna Hartley

About Deanna Hartley

Deanna Hartley is a senior copywriter and community manager on the creative services team at CareerBuilder, where she writes about issues that are top of mind for employers and recruiters – including talent acquisition, employee engagement and retention. An avid social media user, Deanna is the face behind @CBforEmployers on Twitter as well as CBforEmployers’ Facebook and Instagram pages, so it’s easy to stay connected with her. Prior to joining CareerBuilder, Deanna was a senior editor for the Human Capital Media Group, publishers of Talent Management, Chief Learning Officer, Diversity Executive and Workforce Management magazines. Deanna holds a master’s degree from Northwestern University’s Medill School of Journalism. She loves caffeine, social media, pop culture and dogs – though not necessarily in that order.
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