New Ipsos Reid data that shows 27% of working Canadians plan to job-hunt mirrors The Bagg Group findings
A new study by Ipsos Reid confirms what we have long known at The Bagg Group—that employees who feel they are being stretched too thin on the job are eager to jump ship.
Ipsos Reid’s Build A Better Workplace poll, conducted last month, revealed the following:
More than a quarter of employees (27%) said they are likely to seek a new position in the next six months. Among employees who work for organizations where there has been a wage freeze, this figure jumped to 34%.
- At 31%, managers were even more likely than rank-and-file employees to indicate they plan to look elsewhere.
- Sales people and IT professionals also registered levels of discontent higher than the average.
An astounding 31% of managers reported their number one reason for wanting to leave their company was life/work balance. Among other respondents, 26% cited work /life balance as their leading cause of dissatisfaction, and 29% cited compensation.
Greg Leach, senior VP at Ipsos Reid and author of the study, echoes The Bagg Group’s observations that the economic crisis took its toll, not only on those who lost their jobs, but also on those who stayed. In reviewing the data, Mr. Leach notes, “Amid cutbacks, layoffs and the search for greater efficiencies, employees are feeling that they are being asked to work far too hard for the compensation they are getting.”
Compensation isn’t only measured in dollars. The poll also showed that 22 % of employees, or just over one in five, stated they are feeling less optimistic about their own future within their organization. Only 7% stated their optimism is increasing.
From The Bagg Group’s hundreds of interviews over the years with managers and employees, we know there is a direct correlation between the way a company supports its employees, and employee commitment and productivity.
It’s not news that losing good talent costs a company in numerous ways. It’s also documented that companies increase employee retention when they help people prioritize and make it possible for them to delegate projects and tasks. That’s why the most competitive organizations in the GTA hire contract workers and temporary placements to lessen the load on those who have too much on their plate.
These organizations know that overloading top performers with additional tasks that compromise their focus and don’t require their skill level is counter-productive. It’s far more economical to hire additional support than it is to lose the people who are good for your business.