- Eighty-two percent of workers in a CareerAddict survey released Jan. 14 said they would quit their jobs due to a lack of professional growth.
- The poll of 1,000 workers revealed that a lack of career growth opportunities topped respondents' reasons for leaving their jobs, followed by low wages and the lack of pay increases. Of respondents who already quit their job, 35% said they would return if offered bigger salaries or higher positions.
- In other survey findings, 53% of respondents said they felt discriminated against by their superiors, and 25% — most of whom were women — said they felt gender-based bias.
Internal career opportunities go a long way in keeping turnover rates low, research has shown. LinkedIn data found that employees who have opportunities to change roles within an organization remain onboard longer. LinkedIn found that after three years of tenure, employees who advance career-wise have a 70% chance of remaining on staff. And the findings show that even an internal lateral move increases an employee's chances of staying on the job by 62%.
Internal professional development programs also have proven to lower turnover among hourly workers. A Branch report revealed that hourly workers have more confidence in their job prospects than they do in the economy, and that they prefer to their career to advance from within an organization, rather than looking elsewhere for growth opportunities.
While the CareerAddict survey found that internal development opportunities had cross-generational appeal, a Clutch poll showed that young workers want — and expect — to receive quick raises and promotions. While just 12% of boomers in the survey said they expect annual pay increases and promotions, half of the workers under age 54 expected the same.