Almost half of employees plan to explore their career options next year, according to data contained in isolved’s Pause, Pivot or Plan: HR Trends of 2023. The annual year-end survey included insights from 1,000 full-time employees on their performance, priorities, plans and pay expectations for the upcoming year.
The top reasons for employees wanting to leave their current job are higher salary, better benefits and more flexibility, the survey said. However, they cited external factors as well. For example, more than 1 in 4 employees said they didn’t feel they were secure in their current position because of the possibility of a recession. In addition, the idea of an economic downturn has caused an increase in the rate of employee burnout, with 69% of respondents saying they have experienced burnout this year.isolved: Employees Weigh Their Options for 2023 #HR #HRtech Click To Tweet
“Data shows employees are more anxious, burnt-out and financial security-driven than ever,” said isolved Chief Strategy Officer James Norwood “To combat these concerns, HR departments of all sizes must evaluate what they can automate and gain efficiencies in, enhance what they can to improve employee experience and extend the impact of their team.”
Opportunities for Organizations
Nearly a third of the survey’s respondents – around 32% – said what they most like about their current job is their relationship with co-workers, which beat out benefits and going about their daily work. On the down side, respondents felt there wasn’t any room for growth in their company, or that their employer wasn’t doing enough to advance their career.
With these issues in mind, isolved highlighted the importance of nurturing peer relationships, mapping employee careers and creating a better overall candidate experience. The report also indicated that employers will need to focus on quick recruiting and retention strategies if they’re to navigate any economic downturn that may be coming.