The phenomenon of the Great Renunciation is still present in the Spanish labor market, although it may be less due to economic instability. Up to 25% of workers would consider leaving their jobs in the next twelve months, according to a study by the Adecco Group released today. The figure is very similar to the world level, where it is slightly higher, at 27%.
Some have already started to work. Half of the workers who want a change of scenery are already actively applying for other positions and interviewing recruiters and companies, reveals the Global Workforce of the Future 2022, launched after the outbreak of the pandemic to anticipate future employment trends. In 17% of cases, the recruiters go ahead and, aware of the Great Renunciation, are the ones who contact the workers.
When looking at the reasons for resigning, 55% point to salary as the main reason, looking for a better one. The Spanish value this factor much more, with ten points more than in the rest of the world. The impact of the higher cost of living serves as an argument: for 64% their salary is not high enough to face the increase in prices due to inflation and up to 45% consider looking for a second job to face, with a new source of income.
"Work-life balance, wanting to try something new, unhappiness in current job, and lack of career advancement also feature prominently," it says.
Although Spaniards are generally satisfied with their employment (72%, above the 69% worldwide), only 44% are satisfied with their remuneration. "Faced with the phenomenon of the Great Resignation, companies must review their talent retention strategies by reinforcing commitment to their teams and not limit themselves to relying on the tool of salary increases as a retention measure", points out Iker Barricat, CEO of The Adecco Group Spain.
On other fronts, 65% are concerned about economic instability and 53% about geopolitics, showing that current affairs are important in their working lives. In this complicated economic context, from Adecco they affirm that a slowdown of the Great Renunciation is predicted in the next twelve months, "as workers seek security in times of uncertainty"-
To carry out the study, 34,000 surveys have been carried out in 25 countries. For comparison, Australians (33%) and Swiss (32%) are the ones who most want to leave their current job. "Companies must actively listen to demands," believes Barricat. As concrete measures, it points to training, recycling and flexibility policies.
