09/21/2018

Report: 84 Percent of Employees Want to Switch Jobs

Here's how to retain the employees you already have

Talent shortages in a tight labor market are impacting companies across the US, according to a Thursday report from Eightfold.AI. Some 73 percent of executives report that finding talent is a challenge, and 66 percent say they struggle to retain talent in their organization, the report found.

The report surveyed more than 1,000 CEOs or CHROs of companies with 1,000+ employees, as well as 200 non-managerial employees. Of the employee set, 84 percent said they want to change jobs. However, only 54 percent said they want to change companies, meaning employers have a chance to keep them if they make the right moves.

On average, 61 percent of employees surveyed said they don't stay in the same organization for more than three years, and 56 percent had changed employers in the past three years. Employees cited feeling their work is not valued, issues with management, and salary dissatisfaction as the main reasons for having changed roles or being in the process of looking for a new job, the report found.

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