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Over 1/4 of workers plan to change jobs this year, finds CareerBuilder survey

Twenty-six per cent of full-time employees plan to change jobs in 2014, additionally 23 per cent haven’t decided if they will stay with their current employer or pursue another.

The national survey was conducted online in January 2014 and included a representative sample of 1,000 employees across industries and company sizes. While 43 per cent of workers report that they are not actively looking for new employment, they would be open to a new job if a good opportunity presented itself.

Job Satisfaction vs. Dissatisfaction

What is driving workers to explore other possibilities? One in ten workers say they are dissatisfied with in their current role and point to concerns around value, salary, and growth. Still, 48 per cent of workers claim they are satisfied with their current jobs mostly because of their coworkers and a good work/life balance. Twenty per cent are neither satisfied nor dissatisfied.

Those who are dissatisfied cite the following concerns:

&middot         Don’t feel valued in their current position – 73 per cent

&middot         Salary – 65 per cent

&middot         No training/learning opportunities – 41 per cent

&middot         Don’t like their boss – 36 per cent

Those who are satisfied cite the following reasons:

&middot         Like the people they work with – 59 per cent

&middot         Good work/life balance – 53 per cent

&middot         Salary – 34 per cent

&middot         Quick commute – 31 per cent

“Offering frequent recognition, merit bonuses, training programs and clearly defined career paths are important ways to show workers what they mean to the company,” said Scott Helmes, Managing Director of CareerBuilder UK. “In general, however, when more workers change jobs it’s usually a sign the labor market is improving. During the recession, fewer people voluntarily left jobs because the chances of finding a new or better one were low compared to a healthier economic cycle. That trend seems to be slowly beginning to shift.”

Employee Retention

With more than half of their workforce potentially heading out the door this year, employers will look to adjust their retention strategies to save some of their top talent. When asked what is the best way for a company to increase employee retention workers responded with the following:

1.     Increase salaries – 65 per cent

2.     Offer flexible work schedules – 53 per cent

3.     Increase employee recognition – 50 per cent

4.     Survey employees regarding company changes and work with them to implement a few – 45 per cent

5.     Increase training/learning opportunities – 43 per cent

6.     Hire additional workers to ease workloads – 27 per cent

7.     Carve out specific career paths and promote more – 25 per cent

8.     Provide telecommuting – 22 per cent

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