Careerbuilder ran a survey last year and recently released the results.
40% (of the 656) employees they surveyed said they did not feel loyal to their current employer and 23% said they are likely to leave their current position to change jobs in a year or less.
The survey also covered employers where they ascertained that 34% have an average cost per hire of £1,000 or more and 20% estimate their cost-per-hire at £2,500 or more. 47% of employers estimated that it takes them more than six months to recoup expenses associated with recruiting and training someone once they’re on board with the company; 22% said it takes more than one year.
The interesting bit for me was the reasons why employees felt disloyal to their current employer:
· Don’t feel my employer values me – 61%
· Employer does not pay enough – 53%
· My efforts are not recognized or appreciated – 46%
· Not enough career advancement opportunities – 42%
· Benefits are not good enough – 34%
· Don’t like the work culture – 26%
· Employer doesn’t provide enough ongoing training or education – 24%
· Work is not challenging enough – 24%
· Don’t like my boss – 21%
So, the first and second most highly ranked reasons could be, potentially, resolved with better communication between boss and employee!
Louise – Thanks for calling this out. Employees are probably feeling validated with the publishing of the survey – but here in California (where employment is at-will), the employee picks the company, the hiring manager and signs the offer. Did the employee make a bad move? Or are they claiming that the employer was less-than-honest about the job/corporate culture etc.? I’m sure the are some guilty employers. However, when you are suppose to be responsible for your own career growth, much of this is written as sour grapes… Victimhood may be politically championed and socially acceptable, but it doesn’t make it attractive to employers.