Why in the US are people earning more than $ 100 thousands more often quitting jobs

67% of employees who earn more than $ 100 thousand per year plan to quit in the coming 6 months, according to a Ladders survey. Edition CNBC explained why such a trend arose.

Фото: Depositphotos

This trend is observed among workers of all ages and different levels of wealth, including those whose salaries consist of six figures. Americans leave high-paying positions since the 2001 year. More than 3 million employees voluntarily leave their jobs monthly.

“The 2019 gold rush has begun. The job market is filled with very strong professionals looking for a better future,” said Ladders CEO Mark Cenedella.

Experts, Brian Kropp, vice president of research firm Gartner, and Andrew Chamberlain, chief economist at Glassdoor, believe that the reason for this trend is that it’s more profitable for people to quit to get a salary increase when they switch to a new company than to wait for pay increases. from your current employer. The labor market currently has 7 million vacancies, but cannot provide a significant increase in wages.

According to Kropp, an employee receives about 15% compensation (due to a higher salary at a new place) when changing an old job to a new one.

“You will never get a 15% salary increase if you stay in your current job. It’s just not going to happen,” Kropp said.

Getting a promotion was one of the ways that an employee could increase his income, but after the financial crisis, companies began to more carefully provide such opportunities.

“One of the things that happened because of the financial crisis is that organizations removed almost all layers of middle management, which made it difficult to get promoted. There are fewer career opportunities,” says Kropp.

The lack of such mobility may be one of the reasons why employees holding high positions and having many years of experience are ready to leave their positions.

According to Chamberlain, the trend indicates that workers feel confident in the labor market and can afford to leave current positions to find the best job for themselves.

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