Best of the week: Employees are turning their backs on employers

By Alyssa Place, This is my expertise
Published Updated 2 Min Read

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The upheavals caused by COVID-19 are forcing pushing employees to make major changes.

A quarter of employees plan to switch jobs in 2021, according to a study by IBM. More than a third of employees are willing to switch jobs for just a 10% raise, according to a survey by Elements Global Services, an HR consulting firm.

Employees — especially millennials and Gen-Z — are becoming more vocal about the things they expect from their employers. No longer is it enough to simply provide a salary and health benefits. Employees want support in their everyday lives and they are willing to change jobs, even in a rough economy, to get it.

Employees want work-life balance and career advancement opportunities, according to a recent study by the IBM Institute for Business Value. Twenty-eight percent of employees who said they plan to change jobs in 2021 cited the need for a more flexible work schedule and increased benefits that support their well-being as their reasons for wanting to leave their current company.

Alyssa Place
Editor-in-chief

Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio


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