Retention Strategies Imperative In 2013 ? One In Three Plan to Look for New Job; Glassdoor Survey Featured Post By Glassdoor Team on 7:00 am
Retention Strategies Imperative In 2013 ? One In Three Plan to Look for New Job; Glassdoor Survey
As employees return to work after the holidays and take on 2013, HR teams everywhere should be focused on one very crucial piece of employment: retention. This quarter Glassdoor’s Employment Confidence Survey¹ found one in three (34%) employees plan to look for a new job the next year and nearly one in five (18%) in the next three months.
Possible Reasons For Employment Churn
Many employees see their own employment situation stabilizing. For example, employees see their company outlook staying the same in the months to come – 48% of employees expect their company’s outlook to stay the same in the next six months, a number that climbed eight points from last quarter. In addition, employees who saw positive changes at their companies are seeing perks being restored as 65% reported they were awarded with new perks such as the option to work remotely, casual dress, flexible work hours, and/or new stock. Not to mention that at the same time hopes of a pay increase in the next 12 months are not improving – 40% of employees expect to receive a pay raise or cost-of-living increase in the next 12 months.
So while job seekers still may not be overly confident about the job market, they are looking at 2013 as a time for a change in jobs to see if the situation at another company may be more beneficial for their career and for their wallet.
Top Factors Influencing Job Candidates’ Career Decisions
While retention is a top concern it can also mean an opportunity to recruit top talent looking for a change. In the Glassdoor Employment Confidence Survey, which takes into account feedback from more than 2,000 US adults, employees rated the factors that are most likely to influence whether or not they would accept a job offer. Salary (73%), location/commute (55%) and career growth opportunities (30%) stood out as the three most important factors, followed by amount of work (22%) and company reputation (17%).
¹ The Glassdoor Employment Confidence survey is conducted online by Harris Interactive on behalf of Glassdoor. The quarterly survey monitors four key indicators of employment confidence: salary expectations, job security, re-hire probability and company outlook. The Q412 survey also includes employee job search projections and insights on influential factors impacting job offer decisions.
Are you a hiring manager? What is your company doing to invest in its employees in 2013?
Are you an employee? Are you thinking about looking for a new job this year? What factors are mostly likely to influence you to accept another job?