Posted February 14, 2014 by

Not So in Love with Your Current Job? 21% of Workers Looking for New Employment in 2014

Today is Valentine’s Day and while some of you will express your love to someone special, some workers are expressing a desire to change jobs.  That’s right, there are job seekers not so in love with their current positions.  So employers, if you’re wondering why some of your employees want to move on, the following post offers several reasons, as well as reasons other employees will stay on their jobs.

A recent study was done by Careerbuilder, which included a little over 3,000 full-time, private sector employees nationwide.  The survey was conducted online by Harris Interactive on behalf of Careerbuilder from November 6 to December 2, 2013.  It found that 21% of full-time employees plan to change jobs in 2014, the largest amount in the post-recession era, up from 17% in 2013.

Job satisfaction is declining among workers.

A drop in job satisfaction may be the problem creating turnover in the workplace. 59% of workers say they’re satisfied with their jobs, down from 66% in 2013; 18% are dissatisfied compared to 15% last year. 66% of dissatisfied workers have an issue over salary, while 65% don’t feel valued; these are the reasons most often shared when it comes to being unhappy on the job.

Rosemary Haefner of Careerbuilder

Rosemary Haefner of Careerbuilder

“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 Rosemary Haefner, vice president of human resources for CareerBuilder. “In general, however, when more workers change jobs it’s usually a sign the labor market is warming up. During the recession and in its aftermath fewer people voluntarily left jobs because the chances of finding a new or better one were low compared to a healthier economic cycle.”

The most likely employees to change jobs in 2014 are:

  • Workers who are dissatisfied with their job: 58% plan to change jobs in this year

 

  • Workers who are dissatisfied with advancement opportunities at 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% (compared to 13% of workers who’ve been with company for 5 or more years.)
  • Workers who didn’t receive a pay increase in 2013: 28%

So what are the top reasons why 8 in 10 (79%) workers who have no intention of leaving their current job in 2014?

1.   “I like the people I work with.” – 54%
2.   “I have a good work/life balance.” – 50%
3.   “I have good benefits.” – 49%
4.   “I make a good salary.” – 43%
5.   “There still is a lot of uncertainty in the job market.” – 35%
6.   “I have a quick commute.” – 35%
7.   “I have a good boss who watches out for me.” – 32%
8.   “I feel valued and my accomplishments are recognized.” – 29%

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