67% of workers plan to change jobs in the next 6 months. Here’s what would stop them
Posted 26th September 2024 • Written by fastcompany.com • • • • • •
The world of work continues to evolve, but one thing remains constant in the current job marketplace: the demand for remote and flexible work. From improved working relationships to better work-life balance, flexible work can benefit everyone—and job seekers agree.
To better understand workers’ career decisions, work preferences, and perspectives on the current job market, FlexJobs polled more than 3,000 U.S.-based professionals between August 5 and 18.
Pay raises, remote work, and healthy culture boost retention
FlexJobs’s 2024 State of the Workforce Report revealed that the majority of workers (67%) plan to change jobs in the next six months. Those surveyed indicated that the top three factors that would prevent them from leaving their jobs include a pay raise (38%), the ability to work remotely (34%), and an improved workplace culture (33%).
“Changing careers can have a profound impact on all aspects of life,” said Keith Spencer, Career Expert at FlexJobs. “It’s critical that those considering a change start with strategic planning, research, and an organized job search plan before making a decision. This preparation can help workers make more informed decisions and navigate the ups and downs of career transitions.”
In addition to better pay, remote work options, and improved company culture, the professionals polled in FlexJobs’s survey highlighted other key factors that could prevent or could have prevented them from leaving a job. Responses ranged from improved communication and leadership changes to flexible schedules and four-day workweeks.
Here’s a breakdown of the top factors that would prevent workers from leaving their jobs:
- Pay raise (38%)
- Allow remote work (34%)
- Improve workplace culture (33%)
- Improve communication and transparency between management and employees (31%)
- Offer a more flexible schedule (28%)
- Encourage a healthier work-life balance (27%)
- Make changes to management (27%)
- Offer more opportunities for promotions (26%)
- Switch to a four-day workweek (21%)
- Provide training for career advancement (20%)
Nearly one in four (23%) respondents stated that their employer instituted a return-to-office mandate in the past year, underscoring that forced in-office work arrangements are a significant pain point for many workers.
Furthermore, 35% of people said they know someone who has quit or who plans to quit their job due to return-to-office mandates, and another 57% of respondents said they would “absolutely” look for a new job if they were not allowed to continue working remotely in their current position.
When survey-takers were asked if they would look for a new job if they were not allowed to keep working remotely, the responses were as follows:
- Absolutely (57%)
- Maybe (34%)
- No (9%)
In exchange for the option to work remotely, 58% of survey respondents said they would accept a salary decrease. Meanwhile, 31% stated they would be willing to take a pay cut of up to 5%, and 18% said they would accept an even higher pay cut of 10%. These responses reinforce the notion that remote and flexible work are key factors in compensation packages.
Professionals prioritize remote work and schedule flexibility
Compared to surveys from previous years, workers are placing greater value on work-from-home options, flexibility, and work-life balance.
The majority of respondents to FlexJobs’s 2024 survey said a fully remote job (65%) or hybrid remote job (34%) is their ideal work arrangement. In fact, remote work topped the list of factors people considered most important in a job.
Here’s a full breakdown of the top factors workers consider most important in a job:
- Remote work (81%)
- Salary (77%)
- Having a flexible schedule (72%)
- Having a good boss (62%)
- Work-life boundaries (61%)
- Meaningful work (61%)
- Healthy company culture (54%)
- Health insurance (50%)
- Amount of paid vacation and sick time (46%)
- 401(k) retirement benefits (45%)
- Having good colleagues (41%)
- Career advancement opportunities (40%)
- Company’s reputation (36%)
- Diversity, equity, and inclusion initiatives (27%)
Job market optimism is fading among workers
Despite widespread interest in changing careers and securing remote and hybrid work options, 46% of workers believe the job market is worse today than it was at this time last year.
Nearly a quarter (24%) of respondents stated that the current job marketplace is “a lot worse” than it was in 2023, while 17% said they feel that the job market is the same, and only 13% feel that it is better than it was a year ago.
Here’s a full breakdown of professional perspectives on the current job marketplace:
- The job market is a lot worse today (24%)
- I’m not sure (24%)
- The job market is a little worse today (22%)
- The job market is the same as it was last year (17%)
- The job market is a little better today (9%)
- The job market is a lot better today (4%)
These sentiments are reflected among job seekers pursuing remote roles. Due to slowed hiring, larger economic pressures, and a rise in online job scams—which 25% of respondents said they’ve been a victim of at least once (14%) or more than once (12%)—55% of job seekers feel that it will be difficult to find a remote job in the coming year. Specifically, 31% of respondents think remote jobs will be “a little harder” to find, while 25% feel they will be “much harder” to find in the next year.
A better way to work
The results of FlexJobs’s State of the Workforce Report are clear: Remote and flexible work options are a top priority among job seekers. When those options aren’t provided—or they’re taken away—many are willing to leave their jobs in search of a better way to work.
If you’re among the majority of job seekers looking for more flexible work options, FlexJobs has you covered. Every day, we post new flexible jobs in more than 50 career categories, so there’s something for everyone. Members get exclusive access to these postings, so take a tour of FlexJobs to learn more about the many benefits of membership and how we can help you find a strong career fit.
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