To the organizations that had hoped the threat of a recession would cause people to place less value on flexibility, it’s not happening.
Flexibility+Pay+Opportunity remains the value proposition that drives whether people quit or stay in their jobs, per new research from The Conference Board…
“Flexibility was among the top reasons workers quit their jobs.”
Reasons people quit: “If you voluntarily left your organization for another job, what were your reasons? Which of the following reasons would influence your decision to stay with your organization?
* 17 percent of workers voluntarily left their company within the last year for a flexible work location, flexible work schedule, or the ability to work from home/anywhere.
* Other top reasons workers left their jobs were higher pay (22 percent) and career advancement (14 percent)—the usual drivers of job change.
Reasons people stay: More flexibility, higher pay, and career advancement were also the top factors that would influence workers’ decision to stay at their company:
* Flexibility: 54 percent
* Higher pay: 53 percent
* Career advancement: 33 percent
However, “Employees are voting with their feet to gain flexibility. But with flexibility must come boundaries,” said Robin Erickson PhD, Vice President of Human Capital, The Conference Board.”
In other words, people want flexibility BUT that flexibility needs to be effective and intentional. This is the next phase for organizations.