Photo by Fizkes/Shutterstock.com
Four in ten employees could quit within a year, with most of them moving on to better-paying jobs, according to an international survey by EY involving more than 1,500 employers and 17,000 employees, writes profitline.hu.
According to two-thirds of employers (68%), labor migration has accelerated. Those looking for a new position would primarily look for other options for higher pay (35%), flexible working (32%) and career advancement (25%).
“Labour migration in the domestic business environment could increase further due to the combined effect of several factors,” said Margit Farkas, partner at EY People Advisory Services.
“Due to the uncertainty caused by the coronavirus outbreak, people were less likely to change jobs. These postponed decisions become timely for them today,” she explained.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing decent journalism is an expensive business. For 27 years, the editors, editors and reporters of Budapest Business Journal have strived to bring you business news that works, information you can trust, that is factual, accurate and presented without fear or favour.
News organizations around the world are struggling to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer this same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our Support the BBJ button and you’ll be able to choose how much and how often you send us your contributions.