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Workplace professionals are still looking. And they want better pay, remote work opportunities and autonomy in how and where they get work done. In other words, the Great Resignation is still in effect.
Blind, a San Francisco-based professional social network, released survey findings that indicated a startling 80% of professionals are considering leaving their current job in the next three months. The survey was conducted between March 2–8 and covered responses from 6,802 verified professionals in the US.
And no company is safe. While technology businesses have traditionally been regarded as some of the best places to work, they may not be immune to the effects of the Great Resignation.
Professionals at tech firms Better and PayPal — 95% of them — said they have pondered searching for a new job in the next three months. Financial industry professionals, including those at American Express, Capital One, Deloitte, Goldman Sachs and JPMorgan Chase, were among the most likely to express a desire to leave their present position.
"Many professionals have taken recent steps to look for another job," Rick Chen, company spokesperson for Blind, told Reworked. "About half of all professionals have interviewed with another company in the last month, and 74% have communicated with a recruiter. The data suggests that while companies might be finding it harder to retain employees, it may also be easier to hire a replacement."
Wait. Four-Day Work Weeks Don't Matter?
Recruiters report that job candidates have lately expressed a desire for better compensation packages. About 55% of employees said better compensation offers would help keep them in their roles.
Perks like four-day work weeks, "recharge" weeks and more vacation days hardly made the cut with survey respondents. Remote work is still top of mind for certain, though.
"Discussions of specific companies’ return-to-office policies and work schedules have increased by 75% in the last week on Blind," Chen said in an early April interview. "Notably, remote work was the most popular response among respondents, second only to more pay."
Related Article: The Great Resignation Is More Complicated Than It Looks
What Employers Can Do to Retain Employees
Increased employee attrition doesn’t have to be inevitable though, according to Chen. More than 90% of professionals said their company could do at least one thing to keep them or make them more satisfied with their current role.
“Overwhelmingly, professionals want autonomy at work," Chen said. "When asked what their company could do to keep them in their roles, many professionals sought remote work, improved work-life balance and more meaningful work."
Competition for the best and brightest workers is felt across all sectors, geographic regions and job functions. No employer is immune from the challenges of the current job market.
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"An easy way for companies to satisfy employees might be by examining or adjusting work schedules or return-to-office policies," he said. "Letting employees decide when and from where they want to work can be an easy way to recognize employees and empower them with a sense of ownership or control."
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