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Four in 10 Canadians likely to look for a new job

May 18, 2017

More than four in 10 Canadian workers, 43%, said they’re likely to look for a new job within the next year, according to a recent survey released by Robert Half International Inc. (NYSE: RHI). But employers don’t seem overly concerned about turnover; two-thirds of CFOs polled, 66%, said they had no retention worries.

Employees were asked, “How likely are you to look for a new job in the next 12 months?” Their responses:

  • Very likely: 16%
  • Somewhat likely: 27%
  • Somewhat unlikely: 26%
  • Very unlikely: 31%

CFOs reported the top reason they thought good employees would resign was due to limited growth potential, selected by 39% of survey respondents, followed by inadequate salary and benefits, and lack of recognition at 25% and 14% respectively. However, this doesn’t ring true for workers, who cited inadequate salary and benefits as the top reason they would quit at 28%, followed by unhappiness with management and limited opportunities for career growth or advancement at 20% and 19% respectively.

“Companies run the risk of losing strong team members if they become complacent about employee satisfaction,” said Greg Scileppi, president of Robert Half, international staffing operations. “Managers should seek regular feedback from their teams to understand their needs, and be prepared to adapt retention strategies to suit evolving work trends and preferences.”