2024 plans and motives revealed
Robert Walters' salary guide reveals that a significant proportion of professionals surveyed (76%) intend to change jobs in 2024. Christian: "Individuals seek a change in their professional life for various reasons. One-third of respondents decide to change jobs to advance their careers, aiming for professional growth through new challenges and opportunities with a different employer.”
Furthermore, the survey results underscore the impact of leadership and company culture on job-change decisions. A lack of effective leadership motivates 20% of respondents, with Christian explaining: "Poor leadership practices create a demotivating work environment, prompting employees to seek better working conditions elsewhere."
While 39% anticipate a salary increase from their current employer in 2024, 17% consider changing jobs if this expectation is unmet, aiming for a higher salary elsewhere.
Reasons to stay put
However, reasons to stay with their current employer also exist. Of those surveyed, 82% who joined their current employer in the past two years are not planning to leave. Additionally, 52% express satisfaction in their current roles. Competitive salary, cited by one in five respondents, serves as another key factor, with fair reward motivating loyalty. Fringe benefits, mentioned by 19%, such as flexible working hours and health benefits, contribute to job happiness and employer loyalty.
Finally, 15% emphasize the importance of a clear career development plan. Structured professional growth within the organization serves as an incentive for this group to retain their current positions. "A well-thought-out package of fringe benefits including flexible working enhances overall job satisfaction and reinforces the appeal of staying loyal to the current employer”, Christian concludes.