Korn Ferry Survey: Lack of a Challenge Top Reason Professionals Would Seek New Job
--Only 5 Percent Say Inadequate Salary Top Reason to Leave
-- Majority of Professionals Actively Seek Ongoing Education and Development
--Respondents Also Bullish on Bonus Expectations
A new global survey by
“These results mirror study after study
Ongoing Development Critical
The study shows that professionals are on a quest to continually improve their skill sets.
Eighty-two percent of respondents say they plan on participating independently in professional development or career advancement programs in the coming year. More than half (54 percent) say they plan on enrolling in classes to advance their education or career in 2017, and more than two-thirds (67 percent) say they plan on participating in employer-sponsored professional development programs.
“This is a clear signal for organizations. Offering challenging assignments and development opportunities to grow and learn are critical to keeping top-quality talent,” said Cashman.
Bullish on Bonuses
The survey shows most professionals think 2017 is going to be a good year for extra compensation, as 75 percent of respondents say they expect to get a bonus this year, and 55 percent think it will be bigger than in 2016.
“While the survey shows compensation is not on the top of the list for personal drivers in the workplace, it is still critical to retention,” said Cashman. “Bonuses are a tangible way to reward professionals for a job well done, and should be considered in addition to promotions, development and a challenging work environment.”
About the Survey – The
If you plan to seek a new job in 2017, what is the top reason you want to make a switch?
|I need more of a challenging position||73 percent|
|My efforts are not recognized||9 percent|
|I don’t like my company||9 percent|
|My compensation is too low||5 percent|
|I don’t like my boss||4 percent|
Do you plan to participate independently in professional development or career advancement programs in 2017?
In 2017, will you be enrolling in classes to advance your education or career?
Do you plan to participate in any employer-sponsored professional development programs in the coming year?
Do you expect to receive a bonus in 2017?
If you expect to receive a bonus in 2017, how do you anticipate it will compare with last year?
If you plan to seek a new job in 2017, what would be your highest priority?
|A job in my chosen career at another company||76 percent|
|An entirely new career||13 percent|
|A different location||11 percent|
Tracy Kurschner, 612.309.3957