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More than a quarter of employees plan to leave jobs within year; salary, flexibility concerns

June 12, 2019

More than a quarter of employees, 29%, plan to leave their jobs in the next 12 months, according to results from the 2019 Emerging Workforce Study released today by staffing firm Spherion. However, the number is higher for millennials at 38%.

Among drivers of turnover, according to the report, 42% of workers aren’t happy with their current salaries, and 62% say flexibility at work and other work-life balance programs and perks have decreased over the past year. Only 19% of employees feel their company has put in the effort to retain them.

“Employers need to proactively pursue ways to get more aligned with what employees want and need and what drives them,” Spherion President Rebecca Rogers Tijerino said. “With the incredibly tight labor market, it’s even more important for employers to evolve their approaches to recruiting and engaging employees so they can attract the right talent and win in the marketplace.”

The survey included responses from 2,115 employed adults, and it included responses from 731 human resource managers.

It found that 71% of the HR managers are more worried this year about the talent shortage, citing finding qualified/skilled workers and turnover/retention as top concerns. In addition, only a third believe their employees are highly engaged — compared to 48% of employees who say they are highly engaged.

It also found employees want real-time feedback, but 58% of employers conduct performance reviews just once per year, and 18% of workers said their employers don’t do performance reviews.

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