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THE MO O D O F TH E GLOBAL LA BOR MA RKET
THE COST O F A DEPARTI NG WOR KER
DRIVERS O F CH AN GE
6
4
Only 31% of workers are committed to their current
employer, a sharp decline from 2012 (43%).
COMMITMENT
Only 29% say they feel loyal to their employers, largely steady from 2011.
LOYALTY
Experts estimate that a departing worker can cost between 30%–150%
of a worker’s annual compensation package to replace them.
The cost is even greater when factoring the intangible components
such as lost knowledge and disruption to co-workers and customers.
While financial benefits top the list, employers would
be mistaken to focus only on salary/compensation.
The most attractive companies offer more than competitive pay
and benefits. They offer opportunities for skill development
and a clear pathway for career advancement.
(Excluding salary and financial incentives)
Only 35% believe they have the opportunity to advance
their career with their current employer.
OPPORTUNITY TO DEVELOP NEW SKILLS
Only 38% say their employers contribute to their sense
of meaning, a sharp drop from 2012 (47%).
SENSE OF MEANING
TO STAY OR LEAVE?
Nearly half (47%) of contented workers devote time to scanning
the job market looking for better job opportunities.
More than half (60%) intend to look for a new job
with another company within the next year.
30%
critical factors that
contribute to a worker
considering leaving their job
critical factors that contribute
to a worker choosing
one job over another
150%
60%
Salary and
financial benefits
41%
Lack of
opportunity for
advancement
33%
Staff
morale
36%
Work–life
balance
26%
Stress
28%
Current
management
64%
Work–life
balance
58%
Training or
development
programs
28%
More
meaningful
work
MORE THAN M O N EY AN D PR OMOTION
THE IDEAL W O RK EN V IRONMENT
GLOBALLY, WORKERS ARE WILLING TO GIVE UP
HIGHER PAY AND CAREER ADVANCEMENT FOR:
57%
Opportunity to
learn new skills
57%
Highly collaborative
environment
52%
Improved
work–life balance
54%
Flexible work
arrangements
36%
Flexible work
schedule
44%
Exposure to the
latest technologies
and top-notch
equipment
29%
Opportunity to
perform socially
conscious work
39%
Culture of
innovation and
creativity
4ideal features that workers
want incorporated
into their work life
kellyservices.com/kgwi
Companies attuned to the voice of talent and their preferences
will be better equipped to make more meaningful connections as
they seek to achieve their business goals in 2015 and beyond.
Download the full report
62%
Opportunity of
advancement
THE ANNUAL KELLY GLOBAL WORKFORCE INDEX™

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The Mood of the Global Labor Market

  • 1. THE MO O D O F TH E GLOBAL LA BOR MA RKET THE COST O F A DEPARTI NG WOR KER DRIVERS O F CH AN GE 6 4 Only 31% of workers are committed to their current employer, a sharp decline from 2012 (43%). COMMITMENT Only 29% say they feel loyal to their employers, largely steady from 2011. LOYALTY Experts estimate that a departing worker can cost between 30%–150% of a worker’s annual compensation package to replace them. The cost is even greater when factoring the intangible components such as lost knowledge and disruption to co-workers and customers. While financial benefits top the list, employers would be mistaken to focus only on salary/compensation. The most attractive companies offer more than competitive pay and benefits. They offer opportunities for skill development and a clear pathway for career advancement. (Excluding salary and financial incentives) Only 35% believe they have the opportunity to advance their career with their current employer. OPPORTUNITY TO DEVELOP NEW SKILLS Only 38% say their employers contribute to their sense of meaning, a sharp drop from 2012 (47%). SENSE OF MEANING TO STAY OR LEAVE? Nearly half (47%) of contented workers devote time to scanning the job market looking for better job opportunities. More than half (60%) intend to look for a new job with another company within the next year. 30% critical factors that contribute to a worker considering leaving their job critical factors that contribute to a worker choosing one job over another 150% 60% Salary and financial benefits 41% Lack of opportunity for advancement 33% Staff morale 36% Work–life balance 26% Stress 28% Current management 64% Work–life balance 58% Training or development programs 28% More meaningful work MORE THAN M O N EY AN D PR OMOTION THE IDEAL W O RK EN V IRONMENT GLOBALLY, WORKERS ARE WILLING TO GIVE UP HIGHER PAY AND CAREER ADVANCEMENT FOR: 57% Opportunity to learn new skills 57% Highly collaborative environment 52% Improved work–life balance 54% Flexible work arrangements 36% Flexible work schedule 44% Exposure to the latest technologies and top-notch equipment 29% Opportunity to perform socially conscious work 39% Culture of innovation and creativity 4ideal features that workers want incorporated into their work life kellyservices.com/kgwi Companies attuned to the voice of talent and their preferences will be better equipped to make more meaningful connections as they seek to achieve their business goals in 2015 and beyond. Download the full report 62% Opportunity of advancement THE ANNUAL KELLY GLOBAL WORKFORCE INDEX™