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Jumping Ship?

January 8, 2010 1 comment

flickr.com: malabooboo According to yesterday’s results from a CareerBuilder survey, almost 20% of workers plan to leave their current position in 2010.

Other findings from the survey:

Pay – Fifty-seven percent of workers did not receive a raise last year, up sharply from 35 percent in 2008. Of those that did receive raises, 28 percent were given an increase of 3 percent or less. Seventy-one percent of workers did not receive a bonus.

To help make ends meet in 2009, 8 percent of workers took on a second job. Nearly one-in-five (19 percent) plan to find a second job in 2010 to supplement their main paycheck.

Career Advancement – Twenty-eight percent of workers are dissatisfied or very dissatisfied with the career advancement opportunities provided by their current employers. Ninety percent of workers did not receive a promotion in 2009, while nearly a quarter (23 percent) felt that they were overlooked.

Switching Industries – Twenty percent of workers said they plan to switch careers/fields in the next two years. The top reasons for switching careers include wanting to pursue a more interesting line of work (67 percent), higher pay (54 percent), more career advancement (41 percent) and increased stability (36 percent).

To learn new skills, 12 percent said they would head back to school to make themselves more marketable in the new year.

Work/Life Balance – Nearly one-quarter (23 percent) of workers said they are dissatisfied or very dissatisfied with their work/life balance. This is up from 18 percent who said the same last year.

Training/Learning – Twenty-six percent of workers are dissatisfied or very dissatisfied with training and learning opportunities provided by their current employers.

Leadership Ratings – Nearly a quarter (23 percent) of workers rate their corporate leaders as poor or very poor. Workers cited an inability to address employee morale (35 percent), not enough transparency (30 percent) and major changes are made without warning (28 percent) as their main concerns with senior leadership.

I find this to be very interesting.

It already seems that some companies are starting to hire again after a dismal 2009, so it makes sense that underpaid, overworked employees would look to greener pastures.  Especially since some jobs probably aren’t coming back.  That’s not necessarily new news, and there are obvious risks involved, but I find the Leadership Ratings percentages to be very telling.  Are that many people dealing with poor managers?

This all begs the question, what can employers do to retain talented workers, after having to make tough decisions, as many did last year?  In this economy, where we will be forced to do more with less, how can managers keep employees engaged and motivated?

I’d love to hear your thoughts.

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