These Factors Contribute to the Desire to Change Careers

Young professionals and veterans with many years of experience alike are very much familiar with changing careers. We look at what drives them to do so and what can be done about it.

Did you know that the average employee turnover rate is at 18%? While this figure varies between industries, employee turnover will always be a concern for companies that want to retain their top-performing employees.

In fact, here in the Philippines, a survey by Monster.com shows concerning numbers that should serve as a warning to companies. Believe it or not, a whopping 88% of Filipinos are actually considering not only leaving their current jobs but also switching to another industry altogether. 

Given this, it is important for companies to understand why employees want to voluntarily leave so that they can take the appropriate steps to keep their employees happy and content. And although general inferences can be made about why employees voluntarily resign, the factors that drive them actually differ for different age groups.

In this article, we delve into what drives people to change careers, along with measures that companies can do to make their employees stay.

What Drives the Desire to Leave

“The prospect of a career change is worrying for a majority of the workforce in the Philippines, but it’s also the most desirable option to earn more money and explore opportunities beyond what they have studied,” explains Abhijeet Mukherjee, the CEO of Monster.com for the Asia Pacific and Gulf regions.