Eat 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.
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