For companies struggling to fill open roles, good news may be coming. On the flip side, companies that haven’t paid enough attention to making their current employees happy 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. More than 20% will be passive candidates who aren’t actively looking but 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.
Yoh suggests that 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,” Yoh president Emmett McGrath said in a press release. “While many had to trim budgets, benefits, and workplace culture offerings over the past year, now is the time to reconsider the programs and offerings in place to keep employees motivated and engaged. Especially 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.”
