money most important driver to switching jobs

June 20, 2014

Randstad Workmonitor, Results of Wave 2, 2014

Although more than half of the employees (56%) state they have the perfect job, 61% also say that their job is merely a means to make a living and nothing more, according to the latest findings of the Randstad Workmonitor survey in 33 countries.

Globally, 75% of the respondents would change jobs if they can make more money elsewhere; 69% would change jobs to improve their career opportunities and 59% would make a switch if they can find a job that better matches their education – even when 71% currently holds a job that matches their educational background.

On all three reasons to change jobs, Latin America scores the highest, particularly Mexico. Employees in North-Western Europe and older employees all over the world are more loyal to their employer and less willing to change jobs for more money, better career opportunities or a better educational fit.

Does your first job determine the rest of your career?

Not necessarily, says 56% globally. But in Turkey, China and India, 74% up to 82% of the employees state that the first job has a high impact on the rest of their career. Interestingly enough, when asked if employees landed their first job by coincidence, India (71%) and China (63%) together with Hong Kong (65%) score much higher than the global average of 47%.

This implies that employees who make a conscious choice on their first job, feel more confident about being in charge of their careers than employees who entered the job market without having thought too much about future career moves. Still, most believe, also in these countries, that you can always switch jobs at any time in your career. Older workers (48% of 55+) and Japanese employees (44%) score below the worldwide average (58%).

72% of employees worldwide see temporary work as a stepping stone to a permanent job, with Denmark (84%), China (83%) and Brazil (82%) at the high end. Overall, most employees would use a staffing agency to find a new job if they were unemployed (global average 69%).

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