More Canadians hoping to make job change: study
In this troubling economy people who remain employed are pretty satisfied with their jobs, right?
Apparently not, it seems. The lure of better pay and greater job security is spurring more Canadians to start thinking about changing jobs, according to a new study.
More than one in four workers admitted they’re likely to seek a new job during the next six months.
Among employees who work for organizations where wages have been cut back, this figure jumped to 34 per cent. That's up from 22 per cent who were thinking of making a move at this time last year.
Managers were more likely than rank-and-file workers to be out there looking, with 31 per cent of supervisors contemplating a career change.
“Organizations caught in a tight race for survival can ill-afford wide-spread desertions, especially if the people who are lured away are their best performers,” notes Greg Leach, the study’s author. “While the sudden departure of any single group would derail any organization, it appears that the greatest threat may be the potential loss of managerial talent.”
Asked about their main job-related concerns, 29 per cent of respondents cited compensation, whereas 26 per cent identified poor work-life balance as their principal concern.
When asked if they would stay with their current employer if they were offered a comparable role with higher pay elsewhere, only 22 per cent said they would stay where they were while 31 per cent said they would jump at the opportunity. 46 per cent said it would depend on the size of the pay increase.
Even the best of job opportunities have their downside, however, which means the decision to change jobs should never be made lightly, warns recruiting firm Michael Page.
In many instances, your company won’t want to lose you, particularly in the short-term, and may even make a counteroffer. But as tempting and ego-gratifying as accepting a counteroffer may be, employees who have succumbed to them have suffered serious setbacks to their careers, the staffing firm advises.
No matter what the company may say, you’ll forever be considered a fidelity risk, they suggest. Having once demonstrated your lack of loyalty by having looked for another job, you’ll lose your status as a 'team player' and your place in the inner circle.
Are you thinking of changing jobs? Is it mostly about money? Does the idea of company loyalty strike a chord with you?
By Gordon Powers, MSN Money
Posted by: k williams | Oct 13, 2021 10:29:53 AM
Can you seriously blame anyone?.Employers using the recession to drop their wages and keep them there..Try getting a job more then a dollar or two over minimum wage .People are making less and doing more then ever before,why aren't prices dropping accordingly ,instead they go up.Gone are the days of being a GM worker.
Posted by: Manager | Oct 13, 2021 1:51:25 PM
Loyalty to a company these days is a waste. I spent nine years with a company as a Facility Manager bringing the dept into the 20th century, increasing services,reducing the budget and putting in outrageous unpaid hours to deal with any crisis that came up. Revenue was $170 million instead of the $174 million projected ( How much do they really need to make) and guess who got cut, me, along with 20 others. Now my assistant has my title and does my job for substantially less pay and a lot more stress because he's doing my job and his. It's been over a year now and I'm still unemployed because fewer jobs are available, employers can demand whatever credentials they want and offer whatever reduced compensation they can get away with. Loyalty???...there's no such thing any more. Why give it when in the end you're just a number no matter how good your record with them is. I may read as a little disgruntled but the truth is the truth
Posted by: SMS | Oct 13, 2021 2:35:40 PM
I agree with the previous comment. Companies prattle on about employee loyalty blah blah blah, but cut employees the first chance they get. I have seen this behaviour actually destroy companies - they 'laid off' so many top performers that the company descended into chaos.
The fact is that layoffs don't work. They cause more trouble than they fix. This is a historical fact and well documented. But the people making the decisions are always completely ignorant of this.
My company cut so many people last year that it now barely functions. The layoffs completely destroyed morale which hasn't recovered more than a year later. There has also been a wage freeze, well except for the 'executives', of course. I am actively looking for a new job and will jump ship at the first opportunity.
Posted by: Cash For Gold Scam | Oct 13, 2021 4:26:51 PM
Can you earnestly blamed anyone?.Employers using the corner to unload their payoff and resource them there..Try effort a job more then a symbol or two over extremum pay .Fill are making inferior and doing statesman then ever before,why aren't prices dropping accordingly ,instead they go up.Exhausted are the days of being a GM miss.
Cash For Gold Scam
Posted by: Corporate Greed | Oct 13, 2021 6:24:25 PM
Loyalty stinks!!! After 21 years the company I work for dropped us 30 percent!!! Lost 3 weeks of holidays, our pension is now very minimal yet the head guy earn 9 million plus 24 million in stock options!!! Corporate greed, that is all it is, on the backs of the workers the executives flourish.
The gap between rich and poor is widening faster and faster.
What kills me is the numbers the government puts out.... 60,000 jobs made this month, ya... minimum wage Tim Horton and Walmart jobs. Try paying a mortgage with those!!!
So after the cut I continue to look for new work.
Posted by: Newbie | Oct 13, 2021 6:50:33 PM
Newly unemployed I can only guess as to how long it will take to get a job with sufficient pay and benefits if ever. I look at it as an opportunity. Today. Tomorrow? Not so sure. My former company restructured to the tune of 50% of the staff and here I am. You are correct about companies cutting as they like however some companies including the one I just left actually did a lot to ease the pain. Better than a kick in the pants that is for sure. Next job? Who knows but doubtful it will be as good as my last job all things considered. C'est la vie.
Posted by: Frugalite | Oct 14, 2021 9:48:05 AM
There are also a lot of highly educated people working for a crappy minimum wage job right now.
I used to do cancer research at a research hospital affiliated with a large Canadian university.
My boss thought she could use the economic situation to coerce me into participating in data fabrication. As in "you will sign your name to the data I just blatantly faked, because otherwise you will be without a job and with the economy the way it is your career will be over". I chose to take the high road, and now I am working as a telemarketer for $10 an hour. You bet I'm looking for a new job!
What really irks me is that the professor is still working at her old job, and most likely merrily fabricating more data.
Posted by: paul | Oct 20, 2021 9:11:34 AM
I work for a small company that has not laid anybody off or cut wages/benefits even though, until recently, we haven't had enough work to keep everyone busy. We are losing money by keeping everyone employed. Why? Because we are a fairly skilled trade and it's hard to re-hire once we get steady/busy again. At the moment we have picked up somewhat, so, how do our employees react? The show up late, they call at the last minute to say they can't come in. Now that we need them we can't count on them to be here. (To be fair not all, some). So, guess what's going to happen when things slow down again?
So much for being a loyal employer.
Posted by: Dr. Steed | Oct 25, 2021 10:48:45 PM
Frugalite, I applaud your stance. I am a researcher as well and am deeply angered by the type of fraud you have mentioned. Was it not possible for you to leak certain information to expose that professor? (It makes me cringe to refer to your former boss as a professor). Good luck in searching for a better job. I am sure you will get it.