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A new survey by Willis Towers Watson (WTW)<\/a> found that 72% of employees choose to stay with their employers. This is in contrast to recent periods when most workers were looking for new jobs, such as during the \u201cGreat Reshuffle\u201d in 2022.<\/p>\n WTW\u2019s 2024 survey collected information from 10,000 U.S. employees working at medium and large private-sector companies.<\/p>\n Surveyed employees reported that they are staying in their current jobs due to these key motivations:<\/p>\n \u201cThe war for talent is no longer just about pay; benefits matter, and the ability to choose those benefits is important for adapting to employees\u2019 changing needs.\u201d —<\/strong>Cecile Chang, global growth leader of House & Benefits, WTW<\/em><\/p>\n The survey also highlighted the following:<\/p>\n These findings are consistent with recent labor reports, which show that retaining employees is less of a pressing issue for employers in today\u2019s landscape. The U.S. Bureau of Labor Statistics\u2019 May Job Openings and Labor Turnover Survey<\/a> reported that 3.5 million employees quit their jobs in April. This number has generally trended downward from 2022\u2019s record high of over 50 million employee quits. Because employee quits are usually voluntary separations initiated by the employee, the quit rate measures workers\u2019 willingness or ability to leave jobs.<\/p>\n These results indicate that pay continues to be important to workers when they consider changing jobs. Therefore, although many companies\u2019 budgets are tight, employers that lag behind the market in pay continue to risk losing valued employees.<\/p>\n\n
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Employer Takeaway<\/h2>\n