One-Fifth of Workers Plan to Leave Current Job in 2010, Survey Finds

One-Fifth of Workers Plan to Leave Current Job in 2010, Survey Finds


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One-Fifth of Workers Plan to Leave Current Job in 2010, Survey Finds *

Jan. 12, 2010 — As the economy begins to slowly rebound, workers are beginning to see the light at the end of the tunnel and many are reporting that they are actively job hunting. *

Nearly 19% of workers said they plan to leave their current job in 2010 to find a new one and 9% said they plan to leave in 2011, according to the latest CareerBuilder survey of more than 5,200 workers. The survey found that 12% of workers whose companies cut benefits or perks said they would stay at their current job for six months or less, 27% of workers who did not receive a raise or promotion in 2009 said they would leave their current positions in less than a year if they did not receive either, 18% of workers who experienced pay cuts said they are willing to stay at their current jobs for only six months or less. *

“Many of the decisions employers made last year were designed to preserve the health of their businesses and many survived because of them,” said Rosemary Haefner, vice president of human resources for CareerBuilder. “In some cases, workers were affected by the cost cutting measures and job satisfaction levels suffered. For example, 61% of employees said they were satisfied at their jobs last year — down from 70% in 2008. Employers should take workers’ pulses early on in the new year. That way, they can be aware of the issues that may affect their staff’s performance, retention rates and overall happiness on the job in the coming months.” *

Looking at the key factors that influence job satisfaction and company loyalty, workers reported the following: *

- Pay — 57% of workers did not receive a raise last year, up sharply from 35% in 2008. Of those that did receive raises, 28% were given an increase of 3% or less; 71% of workers did not receive a bonus. To help make ends meet in 2009, 8% of workers took on a second job, 19% plan to find a second job in 2010 to supplement their main paycheck. *

- Career Advancement —28% of workers are dissatisfied or very dissatisfied with the career advancement opportunities provided by their current employers, 90% of workers did not receive a promotion in 2009, while 23% felt that they were overlooked. *

- Switching Industries — 20% of workers said they plan to switch careers/fields in the next two years. The top reasons for switching careers include wanting to pursue a more interesting line of work (67%), higher pay (54%), more career advancement (41%) and increased stability (36%). To learn new skills, 12% said they would head back to school to make themselves more marketable in the new year. *

- Work-Life Balance — 23% of workers said they are dissatisfied or very dissatisfied with their work-life balance. This is up from 18% from last year. *

- Training/Learning — 26% of workers are dissatisfied or very dissatisfied with training and learning opportunities provided by their current employers. *

- Leadership Ratings — 23% of workers rate their corporate leaders as poor as very poor. Workers cited an inability to address employee morale (35%), not enough transparency (30%) and major changes are made without warning (28%) as their main concerns with senior leadership. *

Survey MethodologyThis survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 5,231 U.S. workers (employed full-time; not self-employed; non-government) ages 18 and over between Nov. 5 and Nov. 23, 2009 (percentages for some questions are based on a subset, based on their responses to certain questions). With a pure probability sample of 5,231 one could say with a 95% probability that the overall results have a sampling error of +/- 1.35 percentage points. Sampling error for data from sub-samples is higher and varies. *

Contents © 2009 WorldatWork. No part of this article may be reproduced, excerpted or redistributed in any form without express written permission from WorldatWork. *
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http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.