Better start kissing up to your workforce — nearly half of them will look for a new job in the new 12 months, according to a new survey.
Staffing firm Robert Half recently surveyed more than 2,800 workers employed in more than two dozen major US cities to gauge their interest in their current job status. Forty-three percent of respondents said they planned on looking for a new job within the next year, with their biggest reason being for more money.
Forty-three percent said the prospect of more money at their current job would convince them to stay on board. Another 20% said having more time off and additional benefits could sway them and 19% felt a change of pace, like a promotion, would make them happy at their current workplace.
On the move
The cities with the highest percentage of workers planning to look for a new job included Sacramento, Miami, Austin, and Denver, according to the report. However, employees in cities like Minneapolis, Philadelphia, Boston, Indianapolis, and Pittsburgh reported having the fewest workers looking to jump ship.
“In a tight employment market, workers have more options, and the grass may look greener somewhere else,” Paul McDonald, senior executive director for Robert Half, said in a statement. “Employers can help prevent turnover by learning what motivates their most valued employees and customizing their retention strategies. While money is an important motivator, benefits or growth opportunities are also strong enticements.”
With employees always flirting with the idea of other prospects, that has managers pretty concerned.
Thirty-three percent of senior managers said they were very concerned about their company’s ability to retain valued employees, according to the survey. Managers said their companies try to increase communication with employees — like town hall meetings — to help improve dialogue and hopefully keep workers on board. Forty-one percent said they’ve improved employee recognition programs and 40% have enhanced benefit and compensation packages.
A shocking 7% reported having no retention strategies.