Employee Turnover expected to rise; what is driving interest in change?

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Glassdoor released a survey recently that forecasts some interesting trends for the U.S. job market in 2013. The survey accepted feedback from 2,249 adults, among whom, 1,470 are employed or unemployed but looking for work.

Their answers revealed interesting insight to what employees really care about:

1) Pay

2) Commute

3) Career growth

4) Amount of work

5) Company reputation

The survey indicates that nearly one in five of those employed plan to look for a new job in the next three months. As this new wave of job seekers hits the market, 73% of those surveyed indicated that salary/compensation is their top priority. Other top factors include location/commute (55%), career growth opportunities (30%), amount of work (22%) and rounding out the top five, company reputation (17%).

With the unemployment rate at its lowest level in three and half years, employee confidence appears to be stabilizing and the search for more lucrative career opportunities is underway. According to Rusty Rueff, who recently ran global HR departments at Electronic Arts and PepsiCo , “…it appears that the extreme highs and lows are behind us, the slow and conservative pace employees are seeing within their own employment situation is causing employees to evaluate if now is the time to see if the grass may be greener with another employer…while the past few years have tilted to an employer market, we’re leveling out and employees are finding their position to stand upon. It is now more important than ever for companies to engage with employees to find out what will keep them satisfied and strategize new ways to attract and retain their workforce, or face an impending growth in their turnover rate.”

 To read the article in its entirety, and review more survey statistics please click on the link below.

 http://www.glassdoor.com/press/employee-retention-crucial-2013-glassdoor-survey-reveals-job-3-months

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