66% of employees believe better career opportunities exist outside of current company, reveals Gloat Research
Gloat’s Great Resignation research report exposes key changes in the employee-employer relationship and identifies factors fueling the Big Quit.
NEW YORK, December 20, 2021– (COMMERCIAL THREAD) – After seven consecutive months of near-record employee resignation rates, the total number of resignations in 2021 has now exceeded 38 million, leaving many business leaders looking for answers. Gloat, pioneers of the Talent Marketplace, released its Research report on the great resignation today, which explores the issues at the heart of the current turnover crisis: a fundamental questioning of work and the search for more fulfilling careers.
The report reveals the main findings of an exclusive survey of more than 1,000 American workers, commissioned by the Gloat Research Board in early November.
The advantages and benefits are not enough
Gloat research indicates that leaders will need to do more than fine-tune their retention strategies and improve perks and rewards to keep employees from leaving. As an example, data shows that 48.1% of employees are looking for a new job or will start looking within the next 90 days. Better pay and more opportunities for growth are the two biggest changes people are looking to see, the same research reveals.
Lack of internal opportunities fuels the fire
The Great Resignation requires an entirely new approach to talent management that puts employees in control of their own careers. 63.4% of employees wish to be taken into account for new career opportunities within their company and 54.4% of employees think that their employer does not sufficiently take their future interests into account.
External opportunities exceed internal progression
When it comes to opportunities for growth and career development, most employees think the grass is really greener on the other side. 65.8% of employees believe that better career opportunities exist outside of their company.
Obstacles to organic growth persist
Internal mobility is not yet a common ground. Asked about access to development opportunities, only 36.2% of women say that their organization makes internal growth easily accessible.
The report also explores the role that emerging technologies can play in reshaping the way we work. Gloat reveals that 69.6% of employees believe talent markets can help democratize careers by increasing the visibility of talent and growth opportunities. Talent markets also reduce biases, allowing managers to make hiring and staffing decisions based on skills and experience.
“Most managers think of their team members only for what they were recruited for, regardless of their potential, skills or interests. By applying the dynamics of the talent market with the help of AI, we give employees the opportunity to say, “here is my skills” and “this is what I want to pursue” and align their interests with their career development at long term, ”said Jeff Schwartz, vice president of Insights and Impact, Gloat
This report is the first from the Gloat Research Board, which is dedicated to giving business leaders the information they need by producing proprietary research on the topics and challenges at the forefront of workforce transformation. .
Founded in 2015, Gloat is redefining the future of work with its mission to democratize career development, unlock skills and help companies build a future-proof workforce. He was the pioneer of the AI-powered talent market, used today by the world’s largest global companies. The company was founded by Ben Reuveni, Amichai Schreiber and Danny Shteinberg and is headquartered in New York City, with offices around the world and a large R&D center in Tel Aviv, Israel. www.gloat.com
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211220005115/en/