JOBS: Job-hopping in Recovery Mode
Recent Gauteng Business News
New research from Regus, Johannesburg, reveals that South African professionals may ‘spring’ into the job market at the end of the winter because of thwarted hopes of promotion and bosses that do not know, or do not communicate the company’s goals.
The world’s leading provider of innovative workspace solutions says lack of progress up the career ladder is the top ‘get me out of here’ factor for 44% of respondents to its latest survey. Furthermore, 39% and 32% of respondents would not stick around with a company lacking communication with management or strategic company vision.
Joanne Bushell, Johannesburg-based Regus vice-president, Middle East and Africa, comments: “Spring could be the time for springing into new jobs for many restive professionals. With reports indicating that one of the effects of the recovery is that many more employees have started quitting their jobs and looking around for new ones and businesses that are not providing all the trimmings may be heading for a brain-drain of their best talent.
“Stress caused by overwork has escalated during the past recession with people working harder and longer to make sure they can pay their bonds. Bonuses and job perks were cut back to weather the storm, but as South African professionals are reported to be returning to the country in droves, employees will be flocking to businesses that promise them better conditions and not necessarily the biggest wage.2”
Other high-stress factors are overwork (29%) and lack of belief in colleagues’ competence, with 26% of respondents quoting this as a reason for making an ‘all change’ decision. Almost a quarter of respondents would also leave if administrative support were missing (25%). Further dissatisfactions that could easily morph into ‘final straw’ factors were a too lengthy commute (24%) and lack of flexible working practices between home and the office (20%).
The survey also asked workers what companies could do to avoid a brain-drain of their best talents. Aside from a pay rise, in South Africa, 36% of workers declared that a good medical aid was top of their wish-list and almost a third (32%) called the ability to flex their work hours.
Top 5 reasons for South African professionals to quit their job this year
1. Lack of promotion despite good work results 44%
2. Lack of communication and involvement by top management 39%
3. Lack of company ‘vision’ 32%
4. Overwork 29%
5. Lack of belief in colleagues’ competence 26%
Business News Sector Tags: HR|