In 2021, 47.8 million workers left their jobs, an average of nearly 4 million each month. According to new data, companies should brace themselves to lose more workers even as inflation rages on.
Skynova released survey data that reflected 1,002 Americans’ opinions on job changes, career pivots and why the trend is likely to continue.
The report reflected many interesting findings, including the top reason people are opting to leave their jobs: better benefits. Approximately 32% said they quit in search of more coverage and perks provided by their jobs for every generation except millennials.
Desired benefits include more flexible hours, an in-office lounge or nap room, free ice cream, offering PTO for volunteer hours, or shortened summer work hours.
Another reason employees are leaving their jobs is due to heightened stress, with senior managers (36%) and millennials (35%) quitting, signaling a need for higher mental health prioritization.
Lastly, pay was a top motivator for workers to quit.
The report point out that: Low pay was the fourth motivating factor for quitting. Only 27% of respondents quit for better pay, but it was the top reason senior employees (29%) changed jobs. As senior employees take on more responsibility and show commitment to the company, they expect to be valued and compensated accordingly.
The full report can be viewed here.