More than a quarter (28 per cent) of employees say they’re planning to leave their current employer within a year, according to a new survey by the Boston Consulting Group.
The survey, which polled 11,000 workers across the globe, found nearly two-thirds (63 per cent) cited pay/compensation as their No. 1 reason for seeking a new job, followed by benefits and perks (28 per cent), work-life balance (26 per cent), doing work they enjoy (20 per cent) and better career/learning opportunities (17 per cent).
Read: 21% of Canadian workers considering leaving their job: survey
Among workers who plan to change jobs, roughly half expressed dissatisfaction with their current manager (56 per cent), that they don’t feel everyone has a fair and equal chance to succeed (51 per cent) or they don’t have access to resources to help them be successful (50 per cent). Another 46 per cent said they don’t feel someone senior at work supports them.
Indeed, those aged 35 and younger were nearly twice as likely to leave within a year as those aged 35 and older (56 per cent and 33 per cent, respectively), particularly when they can’t see themselves becoming a leader at their organization.
“Most companies think they are already investing in building their frontline leader capabilities, but what is required is a step change in thinking — fundamentally rethinking what great managers do and how they do it and investing in true enablement to sustainably build manager skills,” said Deborah Lovich, managing director and senior partner at BCG, in a press release. “Investing in developing better managers who can deliver the connection, support, appreciation and motivation all employees — and frankly, all humans — crave is a no-regrets investment.”
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