Many organizations are still struggling with the ongoing labor shortage – and facilities management is not excluded from this. In a new survey from Yoh, many Americans currently feel differently about their job futures than they previously did. Nearly one in seven employed Americans (14 percent) would like to leave their current job for a new one in the next year. Meanwhile, only 28 percent of respondents said that they love their job and would not leave their company for any reason.
Job growth has grown over the last year, and economists believe that wage growth is finally outpacing the cost of living. However, employee loyalty has its limits. The survey found that increased compensation is one of the main drivers of employees, with 26 percent of respondents saying they would leave their jobs only if they received a higher salary and/or better benefits. Meanwhile, only 7 percent of respondents would leave their current job if they received the same pay but got to work on more “exciting” projects. Similarly, only 6 percent of respondents would leave their current job if they received the same pay but no longer had to work for their current boss. Still, 14 percent of employed Americans believe it would benefit their career long-term to leave their current job for a new one.
Older employees still remain loyal to their current employer than younger employees. According to the survey, 42 percent of employees over the age of 55 would not leave their company for any reason, while less than 19 percent of employees aged 18-34 have the same stance. Despite that, college graduates are more likely to be satisfied with their job and show company loyalty.
Mackenna Moralez is the associate editor of the facilities market.
