In August, we asked our readers why they would consider leaving their current jobs. With all the buzz about turnover and retention, we wanted to know how business leaders felt about their own jobs and what their top reasons for quitting would be. Despite the dismal news of unemployment still hovering near 10%, 83% of respondents are unhappy with their current jobs and would consider leaving their current employer.
The top reason leaders cited for switching employers was the need for better compensation, which came in at nearly 25%. Other top reasons included wanting a more enjoyable work environment at 16.6%, a lack of advancement opportunity at 15.2%, and a lack of trust in their employer at 15%. Almost one out of 10 said they would leave because of feeling overwhelmed in their current position, with another 5% desiring a more flexible work schedule.
In a similar poll on our Movin’ On Up blog, employees and job seekers echoed some of the same reasons for changing jobs, however their order of importance varied from the employers. Slightly more than 25% listed a lack of advancement opportunity as their top reason for leaving, followed by a desire for a more enjoyable work environment at almost 20% and a need for better compensation at nearly 19%. Only 5.7% said they were happy with their current job and wouldn’t consider leaving, while 25% of respondents listed themselves as currently unemployed.
The poll results seem to indicate that professionals are weary of the post-recession conditions, disillusioned with their current employers, and ready to look for greener pastures. Although turnover rates haven’t skyrocketed yet, this information, along with many other recent surveys, point to a talent war coming in the near future. Wonder how your viewpoint on other workplace and leadership issues matches up with fellow business leaders? Give your opinion in the September poll that considers what is more important in hiring, education or experience?
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