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Of those exploring new employment, the reasons breakdown into four categories:
- 48 percent of workers cite better pay and/or career advancement opportunities
- 11 percent are electing to change careers
- 9 percent are retiring
- 6 percent plan to start their own business
In addition, a study found that half of employers plan to increase salaries on initial offers to new employees.
Key factors influencing employees’ decision to look for new opportunities include:
- 33 percent are dissatisfied with their pay
- 26 percent did not receive a raise in the 6 months of those that did, 1 in 5 were given an increase of 2 percent or less)
- 67 percent did not receive a bonus
- 35 percent are dissatisfied with career advancement opportunities provided by their current employers
- 85 percent did not receive a promotion
- 26 percent felt they were overlooked
- 27 percent are dissatisfied with work/life balance
- 45 percent report their workloads have increased over the last six months
- 33 percent are dissatisfied with training and on-the-job learning opportunities
For those corporations looking to lure away dissatisfied workers from other jobs, the study reported that respondents are looking at four primary criteria: Good career advancement opportunities, company stability in the market, good work culture, and flexible schedules.
