As the Great Resignation continues, workers are still looking to change jobs in the near future, with one-quarter of U.S workers considering retirement or a job change within the next 18 months, Bloomberg reported Nov. 9.
A report completed by Principal Financial Group surveyed over 1,800 U.S. residents to ask them about their plans for the future of work.
They found that in the next 12 to 18 months, a quarter of workers are considering changing jobs or retiring, spelling a job market that will continue to have high turnover rates. Accounting for employees who are unsure in their current roles, the potential quit rate jumps to 34 percent.
Some of the main reasons for wanting the change are better career prospects and higher compensation alongside hybrid options. Retirement benefits are a large part of the desire to switch, with 77 percent of respondents saying COVID-19 encouraged increased savings.