According to a survey, more and more employees are considering a job change or are interested in a change. The fact is: the labor market is starting to move again.
According to a survey, the willingness of employees in Germany to change jobs has increased significantly in recent years. 63 percent were recently interested in changing jobs or employers. This emerges from a survey published by the consulting and auditing company Ernst & Young (EY). Only six percent of those surveyed are actively looking for a new job and 20 percent occasionally. However, 37 percent would not be averse if an opportunity arose.
37 percent were not concerned with a change at all. That is fewer than ever since the survey began in 2015. For comparison: Two years ago, changing jobs was not an issue for more than half. In 2017, the proportion was even 82 percent. EY conducts the survey every two years.
“Do you really jump?”
However, a few intermediate steps are still required from the basic readiness to the actual change. According to labor market expert Enzo Weber from the Institute for Labor Market and Vocational Research (IAB), such declarations of intent in surveys must therefore be viewed with caution: “There is still a bit to overcome before a job can be changed.” First you have to apply. “And then the question arises: Do you really jump? Or do you just look around and only change when it’s really a brilliant spot?”
This is also reflected in another number from the survey: only 19 percent of those surveyed actually see themselves with a new employer in five years. On the other hand, 59 percent assume that they will still work for the same company until then – either in the same position or in a better position.
According to Weber, there were few changes in the corona and energy crisis, but the trend is turning: “The IAB LinkedIn industry change radar shows that applications from various industries are currently picking up. The job market is getting moving again.” So far, however, it has been more of a recovery after the crises in which many employees had relied on security.
Salary important when changing
The EY survey did not ask why so many employees are interested in changing jobs. However, as a result, three out of four employees have already changed jobs in the past. The most common reasons they gave were a salary that was too low (34 percent), the management behavior of their superiors (29 percent) and a bad corporate culture (23 percent).
There are also clear differences between the age groups on these points: Above all, pay and management behavior on the executive floor play a greater role for younger people. 32.4 percent of those surveyed between the ages of 21 and 35 stated that they had resigned at least once in their relatively short professional life because they were dissatisfied with the behavior of their supervisor. Among the 51 to 65 year olds it was 27.8 percent less – even though this group has been working for much longer.
Salary played a role for 41.4 percent of young employees when changing jobs. 37 percent of middle-aged employees mentioned it, in the group of the oldest employees only 26 percent.
“biggest labor shortage since economic miracle”
IAB researcher Weber does not consider this to be a peculiarity of the younger generation. “When the over-50s were young and at an age where you are flexible and often do something new, the job market in Germany was really bad.” In this environment, you didn’t speculate on improvements, but were happy if you kept your job.
In the meantime, however, there is the greatest shortage of labor since the economic miracle. “So now a very strong labor market and more flexible working conditions are meeting after Corona, to the advantage of those who were born into this labor market”.
Almost everyone is looking for skilled workers
According to EY Labor Director Jan-Rainer Hinz, this is a difficult situation, especially for companies: Talents and specialists who are obviously more and more willing to change must be retained. At the same time, you have to convince new employees of the advantages of your own company. In addition to the payment, the type of leadership, the corporate culture and the relationship with colleagues should not be ignored.
The IAB expects that up to seven million workers will be lost from the labor market by 2035 – if countermeasures are not taken. This is mainly due to the fact that the baby boomer generation is gradually leaving the working world.
“In order to stop this development, all levers must be set in motion. There is currently too much untapped potential,” says Weber. It is important, for example, to keep older people in the job, to strengthen the professional development of women, to attract and better integrate immigrants and to reduce unemployment.