Fewer U.S. workers are leaving their jobs, with roughly two-fifths citing improved work-life balance (44 per cent), interesting work (41 per cent) and financial stability (38 per cent) as their top reasons for staying with their current employer, according to a new survey by software company Ringover.

The survey, which polled more than 1,000 workers, found only five per cent cited a lack of job opportunities as a factor in remaining with their employer and just nine per cent said they felt changing companies was too risky.

Among employees who are more likely to look for a new job now than two to three years ago, two-fifths (40 per cent) cited a lack of career progression as their main incentive, followed by looking for a new challenge (37 per cent) and because their company was asking employees to work onsite more often (35 per cent).

Read: U.S. employee resignations jumped by 41% in 2022: survey

While eight in ten (82 per cent) generation Z workers said they intend to stay, on average, for two years with their current employer, 92 per cent said they sometimes or actively look for new opportunities.

Meanwhile, a fifth (20 per cent) of employees aged 44 to 59 said they’d stay with their employer if there were opportunities for career progression, a percentage that increased to 25 per cent among workers aged 60 to 69.

Managers and owners said they intend to stay, on average, for 2.4 years and three years, respectively, while a fifth (21 per cent) of employees earning between US$100,00 and $149,000 said they intend to stay with their employer indefinitely.

Notably, while two-thirds (65 per cent) said they feel less ambitious than they did two years ago, only 11 per cent said they were disengaged at work. Women were more likely to report being highly engaged at work (31 per cent) than men (20 per cent).

Read: Canadian companies adopting ‘stay interviews’ as workers rethink careers, needs