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2 in 3 workers are considering quitting their job for better wages and more flexibility, a new survey suggests

Aug 20, 2021, 18:29 IST
Business Insider
In June, the sector with the highest quit rate was leisure and hospitality. Tony Dejak/ASSOCIATED PRESS
  • Two-thirds of Americans are looking for a new job, according to a survey by PwC.
  • They cited better wages, benefits, and flexibility as reasons they'd leave their current job.
  • The number of people quitting their jobs hit a record-breaking 4 million in April.
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Most Americans are considering leaving their jobs, a survey by PwC released Thursday suggested.

Nearly two in three - 65% - of the 1,007 full-time and part-time employees PwC surveyed said they were looking for a new job.

The top reason employees gave for considering quitting was to get paid more.

They also said they wanted better benefits, career advancement, and flexibility.

In a similar survey by FlexJobs, 68% of respondents said that they'd "consider changing careers," but listed the main motivator as a better work-life balance, rather than higher wages.

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Read more: How a tiny food-tech startup convinced industry heavyweights like Chick-fil-A and Taco Bell to rely on it to fight a labor shortage

A record-breaking 4 million people quit their jobs in April, and the number has remained high ever since.

In June, the sector with the highest quit rate was leisure and hospitality. Just over one in 20 workers in the industry left their jobs each month in April, May, and June, data from the US Bureau of Labor Statistics showed.

A third of former hospitality workers won't return to the industry, according to a poll by Jobslist.

The number of people leaving their jobs in search of higher wages, better benefits, and a different work environment has led to a huge labor shortage.

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This has primarily been driven by a lack of available staff for entry-level, hourly-paid, and customer-facing roles, Joblist CEO Kevin Harrington told Insider. But white-collar workers have been quitting their jobs, too.

M Culinary Concepts, for example, told Insider it was struggling to find staff for full-time roles in finance and marketing. The company, which says it's the largest catering company in the Southwest, said that this is because it doesn't allow full-time remote working, though staff are able to work from home at times.

Some companies, like Twitter and Facebook, have told staff they can work from home indefinitely. Nearly 40% of workers would consider quitting if their bosses made them return to the office full time, according to a May survey by Morning Consult.

Nearly nine in ten executives said that they were seeing higher employee turnover than normal in a PwC survey of 752 business executives.

Employers have been scrambling to cling on to their staff. Firings and layoffs reached record lows in June and companies have been rolling out new staff perks, from higher salaries across Wall Street to $1,300 fitness machines for senior staffers at a New York City hotel.

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