53% of respondents said they felt discriminated against by their superior, 61% of which were women
The modern workforce is more complex than ever, with job satisfaction and progression proving vitally important. Most employees want to figure out, “how to future-proof your job,” strategy in today’s digital age. The growing list of problems faced by employees at work made ‘Job security,’ a thing of the past.
CareerAddict.com, a leading online career resource, recently conducted a study taking nearly 1,000 career-driven individuals in its survey at the end of 2019 to discover the hidden trends of employee turnover and help companies retain their top talent. The study revealed that progression is considered more important than pay, with an astonishingly high number of survey participants (82.39%) saying that a lack of progression would influence their decision to leave their jobs.
The survey by CareerAddict.com
There are a thousand reasons why employees must take care of their financial flight and be the pilots of their lives. Here, in the survey, they were asked to rate different reasons that would affect their decision to quit based on the scale of importance. The three main contributing factors to their decision to leave were:
- lack of career advancement opportunities
- low pay
- absence of a salary raise
Meanwhile, among those who had already quit their jobs, 35% also revealed they would consider returning if they were offered a better salary or a higher position.
The modern dilemma
While the weight of participants was Millennial and Gen Z workers, making up nearly 67% of the respondent pool, the survey found that there was a common sentiment across all participating age groups. Indeed, the opportunity for job progression was a priority to the overwhelming majority, regardless of age.
The study not only revealed invaluable insights regarding employee turnover, but it also uncovered disconcerting realities that are prevalent in today’s workplace: 53% of survey takers said they felt discriminated against by their superior, 61% of which were women. Meanwhile, 1 in 4 people said they felt discriminated against because of their gender, 76% of whom were women.
With merely 18% of participants saying they regret leaving their previous job, there is much to be said about high employee turnover rates. While most workers are driven by their professional aspirations, their development is not only halted by limited opportunities but also workplace discrimination. For many employers, then, the task of keeping their workforce positively engaged might prove to be a greater challenge.