It’s Not Money That Matters
According to a recent poll, more than 80% of construction workers would consider leaving their current position. About 65% said that they would take a cut in pay if it meant they could work their dream job.
“Culture”, or how management interacts with employees and the overall personality of a company, was the most cited reason for employees wanting to leave their current roles. Though salary was an important factor for those surveyed, culture, benefits and career growth outweighed salary as the main factors for staying in or leaving their current positions.
The reason for these high numbers is most likely the growing number of “millennials” in the work force. According to an article in Forbes, millennials will make up over 75% of the global workforce by 2025. According to survey data millennials are more likely to favor a career that is rewarding over the career that makes them the most money.
This phenomenon is not strictly limited to the world of construction, however. These numbers are part of an overall trend. As the workforce gets younger and the baby-boomer generation begins to retire, more US workers will be willing to take a lower salary in exchange for greater benefits. Things like dental and health insurance are now considered must-haves, and benefits like paid training and a healthy company culture will be important conditions to retain employees and keep them happy.