Jobhop Jobhop's blog : Job Hopping Continues To Grow During 2023
Job hopping continues to grow.
Seventy four percent (74%) of Gen Z-ers and Millennials are contemplating a career change in the next 12 months due to a lack of career mobility and skills development options.
When it comes to their employment preferences, younger workers place high importance on factors such as company culture, flexibility, compensation and benefits, and most importantly, opportunities for personal and professional growth. These workers tend to value continuous learning and development and are comfortable with the idea of switching jobs frequently in pursuit of new experiences.
In light of these findings, it is recommended that employers actively seek ways to improve their employee's skills and help them to advance their careers.
Young people are more likely to invest in their employers if they feel invested in return.
They are looking for:
- Investments in mental health
- Being part of the community in the workplace
- Increased flexibility in terms of working hours and location
- Financial subsidies or discounts for daily expenses such as public transport, lunch or similar expenses
- Benefits like childcare or pension schemes
- Complimentary access to facilities or tools that promote healthy living, such as a gym membership or cycle-to-work schemes
- Employers who invest in their employees are more likely to attract good candidates and retain employees
Employers would also be wise to try and understand the reasons for job hopping and put in plans to enable hopping within their organisation and not hopping to another.
- Career growth: People may look for new job opportunities if they feel that their current job is not providing them with the growth or development they desire.
- Better compensation: Job hoppers may be looking for better pay and benefits, or may feel that they are underpaid in their current role.
- Job satisfaction: People may change jobs if they are not happy with their current work environment, colleagues, or the work itself.
- Better work-life balance: Some individuals may prioritise a better work-life balance and may change jobs if their current employer cannot provide it.
- New challenge: Some individuals may crave a new challenge or change of pace and may choose to job hop to find a new opportunity.
There are many other reasons why someone might job hop but employers should know the ones that they can do something about.
Many employers like strategic job hoppers because they often have a wide range of skills and experiences from different industries and positions. Job hopping can also indicate ambition and a willingness to take on new challenges. Additionally, job hoppers may bring fresh perspectives and ideas to the workplace. Recruiting job hoppers can be very beneficial for the organisation, they can think outside the box, are experienced in dealing with change, and can help create an agile environment where innovation thrives. With their diverse experience, job hoppers also have the potential to add value to any team or organisation.
The challenge would be how to encourage them not to hop from your employment.
Employers should have a strategy in place to help retain job hoppers, including offering career growth, better compensation, job satisfaction, a work-life balance and a challenge, employers should prioritise creating an environment of trust and respect. By taking these steps, employers can create an environment where job hoppers feel appreciated and valued while also keeping them from hopping from their organisation.
As an employer, you should aim to become the preferred employer in the industry, the one that everyone wants to work for and no one wants to leave. What will you as an employer offer that no other employer has?
Job hopping has even become a trend on TikTok due to a variety of factors. One reason is that the platform is popular among younger generations, many of whom may be in the early stages of their careers and still exploring different job opportunities. Additionally, TikTok has a culture of sharing and comparing different experiences, which can include job experiences. Finally, the ease and accessibility of the platform allow TiTokers to quickly and easily share their job changes with their followers.
Wouldn't it be great if you had job hoppers creating TikToks about why they don't Jobhop anymore; it was all because they found their dream job at their dream organisation and you're their amazing employer!
You'll probably never have to spend money on recruitment advertising ever again!