The job search is always ongoing for many workers and some will never be satisfied. Even amongst newly hired workers, two in three of them look for another job within the first three months of starting. According to an analysis of 8,000 adults released this year by Indeed.com. A survey of more than 3,000 workers by CareerBuilder.com found that roughly one in three workers say they are always hunting for a new job.
It’s appealing to suppose that if we were paid more, we wouldn’t be looking for new jobs. There may be some truth to that as recent wage growth has slowed. Average hourly earnings have risen just over 2% in the past year. Economy Policy Institute notes is “In line with the same slow growth we’ve seen for the last six years.”
Research implies that dissatisfaction with work is often less about money than it is about advancement opportunities and other factors of office culture.
According to Marketwatch, lack of advancement in career is often a reason employees want to leave. Amongst employees who quit within last year, a top reason was that they did so because of lack of career advancement opportunities. 26% stated that this was the reason according to Randstad’s Employer Branding Survey.
If we look at what makes employees satisfied and want to stay at their jobs, it’s more likely to be about the office culture and perks, rather than the pay. CareerBuilder survey of more than 3,000 workers said that they are more likely to stay at their jobs because they get along with the people they work with. 54% of the people stated this as their top reason to stay at their jobs. Having a good work life balance (50%) and good benefits (49%) are other top reasons for staying. The pay is the fourth reason for staying (43%).
A survey of more than 1,000 workers from American Psychological Association found that workers are more likely to stay put if they are getting to do work that they love and their jobs fit their lifestyle and good benefits.