Employers, it is likely that more than 90% of your work force would change jobs without thinking twice if a better offer came along. What is it that employees look for and value in their jobs? You better find out if you want to avoid high staff turnover.
Career Junction did a survey among more than 10,500 respondents who are searching for jobs online, to find out what matters most to them in having a fulfilling career.
More than half of the respondents are women, while 58% are black. Only 2% of the respondents are disabled while the overwhelming majority of online job seekers are based in Johannesburg and have some form of tertiary qualification.
Only 56% of the respondents are currently permanently employed, the rest are working on a contract basis or are between jobs, and casual or part-time employees. More than half (51%) of the respondents that are employed are earning less than R100,000 per year with 32% earning less than half that. A further 36% are earning more than R151,000 a year.
Salary clearly ranks high when determining job satisfaction, with participants rating overall job satisfaction with their current employment as 2.56 out of a possible 5-point rating.
Considering this, it is no surprise that 86% of the employed respondents are actively looking for something else, while a further 7% will consider good offers if and when they arise.
Contrary to the popular movement and believe that today’s worker wants flexible working hours and the freedom to work from home, these aspects are rated as least important when it comes to the main reasons an employee would change jobs. Only 3% of respondents view these factors as major motivators.
Other factors rated just as low are a better company culture (7% of respondents) and a workplace that offers better work/life balance (17% of respondents).
The main reasons your employees may soon hand you their resignation letters relate to better salaries (37% of respondents) and greater opportunity for career growth and advancement.
Interestingly 45% of respondents anticipate changing jobs every four to nine years in their working life, while 35% believe that they will stay in one position for ten years or longer before changing jobs. This suggests a loyal workforce, provided job satisfaction is in line with what is expected. The fact is, while 44% of the survey respondents feel that it is harder to move jobs in 2016 than it was in 2015, 56% still remain optimistic that the job market will improve in the next two years, making it easier to move on from a job where they are not satisfied or feeling underpaid.