STOCKHOLM, Sweden, December 17 /PRNewswire/ --
Employees may be feeling more loyal to their own career goals instead of their employers, as more than a quarter of employees (26 percent) do not feel loyal to their current employer and 21 percent said they are likely to leave their current position to change jobs in a year or less. This is according to CareerBuilder.se's latest survey of workers and employers in Sweden.
When workers feel disloyal to their employer, they are more likely to be less productive and proactive in their role, and ultimately, are probably keeping their eyes open for a new position elsewhere, said Johan Hjelte, Managing Director of CareerBuilder.se. While already weathering the storm of a downshifted economy, employers may need to factor in additional recruitment costs into their budgets to keep their workforce stacked with qualified talent.
The price tag of frequent turnover can be quite high. According to the survey, 48 percent of employers have an average cost per hire of 10,000 Kroner or more; 29 percent estimate their cost-per-hire at 20,000 Kroner or more.
Once employers factor in the costs of hiring new employees, it can take a significant amount of time to make up those expenses. Half of employers estimated that it takes them more than six months to recoup expenses associated with recruiting and training someone once they're on board with the company; 23 percent said it takes more than one year.
Workers cited a variety of reasons for why they felt disloyal to their current employer:
-- Don't feel my employer values me -- 55 percent -- My efforts are not recognized or appreciated -- 55 percent -- Employer doesn't pay enough -- 54 percent -- Employer doesn't provide enough ongoing training or education -- 42 percent -- Not enough career advancement opportunities -- 41 percent -- Don't like the work culture -- 33 percent -- Benefits are not good enough -- 33 percent -- Don't like my boss -- 31 percent -- Work is not challenging enough -- 29 percent
This survey was conducted online within Sweden by Harris Interactive on behalf of CareerBuilder.se among 222 hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions); and 589 Swedish employees (employed full-time; not self-employed) ages 18 and over between June 5 and June 27, 2008, respectively (percentages for some questions are based on a subset Swedish Employers or Employees, based on their responses to certain questions). With a pure probability sample of 222 and 589, one could say with a 95 percent probability that the overall results have a sampling error of +/- 6.58 percentage points and +/- 4.04 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.
CareerBuilder.se, formerly Jobbguiden.se, is one of Sweden's largest job sites and a subsidiary of CareerBuilder.com, the leading online job site in the U.S. The company offers Internet solutions within job postings, career advice and employer branding for both employers and job seekers. The site was launched in 2004 and has since then helped thousands of employers to connect with job seekers within all categories of work. CareerBuilder.se has a number of partnerships and powers the career sites for many other large Swedish web sites, both broad and niche sites, in order to reach as many job seekers as possible. For more information about CareerBuilder.se, visit http://www.careerbuilder.se.
Media Contact: CareerBuilder.se Jenny Lövgren 08-522-167-51 Jenny.Lovgren@jobbguiden.se
Jenny Lövgren of CareerBuilder.se, +08-522-167-51, Jenny.Lovgren@jobbguiden.se