40 Percent of U.S. Professionals Consider Diving Back into the Job Market This Fall

Survey Reveals the Top Five Factors for Quitting

Aug 11, 2010, 09:00 ET from Regus

DALLAS, Aug. 11 /PRNewswire/ -- New research from Regus, the leading global provider of flexible workplace solutions, reveals that two in five U.S. professionals are considering quitting their jobs after the summer vacation. Survey respondents cited lack of promotion, bosses that do not communicate the company's goals and being overworked as the top reasons they would consider diving back into the job market this fall.

According to the survey, 40 percent of respondents would leave a company if they felt they were lacking communication with management. For 37 percent of respondents, a lack of opportunity for career advancement and promotion was the top 'get me out of here' factor, while feeling overworked would lead another 34 percent of respondents to quit.

Aside from these reasons, other high-stress factors revealed in the Regus survey included feeling a lack of company vision (31 percent) and a lack of belief in colleagues' competence, with 28 percent of respondents quoting this as a reason for making an immediate decision to resign. Workplace support also ranked high on the list of reasons to quit, with more than a quarter of respondents saying that would leave due to lack of administrative support (26 percent). Further dissatisfactions that can easily morph into the 'final straw' factors included rude colleagues (21 percent) and a boss that takes credit for their work (20 percent).

Sande Golgart, Regional Vice President for Regus says, "As workers pack up their swimsuits this summer, they are more likely to dwell on the pros and cons of the job that is waiting for them at home. With reports indicating that as many as 25 percent of company top performers in the U.S. plan to quit their jobs within a year, (1) businesses that are not evaluating the necessary benefits for their staff may face losing some of their best talent."

"Stress caused by overwork has escalated during the past recession, with people working harder and longer to make sure they can pay their bills. Bonuses and job perks were cut back to weather the storm, but as the economy picks up employees will be flocking to businesses that promise them better conditions and not necessarily the biggest salary."

The survey also asked workers what companies could do to avoid a depletion of their top talent. Aside from increases in pay, 41 percent of U.S. workers declared that private medical insurance was at the top of their wish-list and more than a third (34 percent) called for a 2.5 percent pension increase.

Table: Top five reasons for US professionals to quit their job this year


Lack of communication and involvement by top management

40%

Lack of promotion despite good work results

37%

Overwork

34%

Lack of company 'vision'

31%

Lack of belief in colleagues' competence

28%



Note to Editors:

Methodology

More than 15,000 business respondents from the Regus global contacts database were interviewed during February and March 2010.  The Regus global contacts database of over 1 million business-people worldwide is highly representative of senior managers and owners in businesses across the globe.  Respondents were asked which issues would drive them to quit their job, along with perks that would retain them. The survey was managed and administered by the independent organization, MarketingUK.

About Regus

Regus, the world's leading global provider of innovative workplace solutions with 1,000 locations in 450 cities and 85 countries, offers products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world's largest network of video communication studios. For more information on Regus products and services visit http://www.regus.com.

For more information and images please visit http://www.regus.presscentre.com  

Press contacts:

Julia Gaynor

Affect Strategies

+1(212)398-9680

jgaynor@affectstrategies.com



(1) http://www.dbusiness.com/Blogs/Annual-2010/The-Tables-Turn-Renewed-Confidence-in-Workforce-Recovery/

SOURCE Regus



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