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Salary boost of at least 9% would prompt workers to switch jobs: Survey

August 27, 2019

Compensation is key when it comes to getting workers to stay, but company culture and management styles are also important, according to a survey of 1,002 full-time US workers by Accounting Principals and Ajilon, divisions of The Adecco Group.

The survey found that 61.2% of employees said a salary boost of at least 9% would entice them to leave their current jobs. In addition, 30.2% said being underpaid would prompt them to leave.

“We are experiencing an even tighter US labor market than previous years, empowering job seekers and employees to be more selective when considering new opportunities and specific in their benefits expectations,” said David Alexander, president, Accounting Principals and Ajilon.

Bad bosses would also prompt workers to leave with 29.6% saying a bad manager would get them to hit the road. Gen X and baby boomers were more likely to select a bad boss as prompting them to move over being underpaid.

On the other hand, 54.2% said the reason they stay at their jobs is because of loyalty to their team, boss, coworkers or company. Benefits such as healthcare are also a top reason for staying at a job with 47.8% citing this as a reason.

“While compensation remains a compelling attribute to retain and attract workers, internal company culture and management styles also play a key role in keeping workers from jumping employers,” Alexander said.

Overall, the report found 33% of workers are actively seeking a new role and 54.9% are passively open to new opportunities.

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