Retention Issues Could Become Critical As Employment Economy Improves
21% of full-time employees plan to change jobs in 2014, up from 17% in 2013 according to a survey of 3,008 full-time, private sector employees across various industries and company sizes, conducted November 6 through December, 2, 2013 by Harris Interactive for CareerBuilder.
The study also found that only 59% of workers are satisfied with their jobs, down from 66% in 2013, with 18% claiming that they are completely dissatisfied with their current job, up from 15% last year. Top reasons for dissatisfaction were concerns about salary (66%) and not feeling valued (65%).
Per the survey, workers most likely to be retention risks are (percentages below indicated workers who plan to change jobs in 2014 due to one or more of the stated reasons):
- Workers who are dissatisfied with their job: 58%
- Workers who are dissatisfied with advancement opportunities at their current company: 45%
- Workers who are dissatisfied with their work/life balance: 39%
- Workers who feel underemployed: 39%
- Workers who are highly stressed: 39%
- Workers who have a poor opinion of their boss’s performance: 37%
- Workers who feel they were overlooked for a promotion: 36%
- Workers who have been with their company two years or less: 35% (Workers who have been with their company five years or more: 13%
- Workers who didn’t receive a pay increase in 2013: 28%
For the 79% of workers who plan on staying at their current job in 2014, the survey found that these factors are pertinent:
- “I like the people I work with.” – 54%
- “I have a good work/life balance.” – 50%
- “I have good benefits.” – 49%
- “I make a good salary.” – 43%
- “There still is a lot of uncertainty in the job market.” – 35%
- “I have a quick commute.” – 35%
- “I have a good boss who watches out for me.” – 32%
- “I feel valued and my accomplishments are recognized.” – 29%
Percentages for some questions are based on a subset, based on their responses to certain questions.