Accelerating Domestic Labor Migration – BBJ


Analysis

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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.

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