The Great Resignation continues. For companies struggling to fill open roles, good news may be around the corner. On the flip side, companies that haven’t paid enough attention to their current employees needs could be in for a rude awakening.
According to the results of a new survey by staffing services company Yoh, only 30% of Americans intend to stay in their current job after the pandemic. It has been reported recently that we could be approaching the endemic phase in April. More than 20% will be passive candidates who aren’t actively looking, but that are open to new opportunities.
Several factors influence whether respondents will stay in their current job or look for a new one:
- Education level: People with a college degree are more likely to stay in their job than people with a high school degree or less.
- Income: Higher earners are more likely to stay in their job than lower earners.
- Gender: Men are more likely to stay in their job than women.
- Age: Those 35 and older are more likely to stay in their job than 18-34-year-olds.
The key to retaining top talent is to focus on employee retention efforts. “Work environments and the needs of employees have drastically evolved during the COVID-19 pandemic, and the findings from this survey underscore the need for employers to reevaluate their practices in order to retain talent. While many companies are looking to trim budgets, benefits, and workplace culture offerings over the past year, now may be the time to reconsider the programs and offerings in place to keep employees motivated and engaged. For those hard-to-find, highly skilled workers, now is the time to invest in their careers or else companies risk losing their best talent.