With a tightening labor force and the unemployment rate at a mere 3.7%, employers are chasing the talent—not the other way around. Not only that, but it’s getting more difficult to keep the most capable workers around. Since 2015, there have been more job openings than new hires, which means unhappy employees have more opportunities to find a new position.
Job-hopping has become commonplace, especially in the younger generations, but the decision to move on isn’t all about the money. In fact, benefits options play a key role in these decisions, with 50% of employees saying that if their employer did not offer adequate health benefits, they would look elsewhere. If employers want to stay competitive, they must start listening—and responding appropriately.