If you managed to catch our post last week, we spoke about how job hopping is costing employers a high price. Along with job hopping of course comes job loyalty—so just how loyal are you when it comes to your career? Via The Star Online, we discovered that not only do young workers find job loyalty a priority; apparently, they feel that they have every right to job hop!
“Accountant Noor Habiba Sirajudeen said: “There is no such thing as loyalty. There is no point being loyal just for the sake of being loyal. I just want to progress in my career and will definitely grab a better offer if it comes along,” she said, adding that most parents were prepared to support their children through their job-hopping until they found the right one.”
Recruitment agencies have highlighted recently that the “safety net” provided by parents is the main cause behind the increasing job-hopping trend among youths.
“Recruitment consultant Geraldine Ashley David, 25, stressed, “The cost of living is so high and if there is an opportunity to earn more, of course one should grab it,” she said, adding that many also compared salaries with their peers and would start looking for other jobs if they felt they could earn more elsewhere.”
Via The Star Online
Showing posts with label job loyalty. Show all posts
Showing posts with label job loyalty. Show all posts
Tuesday, February 21, 2012
Monday, February 20, 2012
Costly job hopping, anyone?
Believe it or not, job loyalty is becoming such a rarity in non-manufacturing sectors so much that some employers have to find up replacements for 75% of their executives who switch jobs within a year. This trend of course is costing the companies a heavy price tag.
According to The Star Online: “Malaysian Employers Federation (MEF) executive director Shamsuddin Bardan said employers had to spend an average RM25,000 to RM30,000 to replace each employee who quit. “It's not as simple as someone leaving and someone coming in. There is the cost of advertising for vacant positions, interviews, screening, background checks, training and medical check-ups,” he said.”
A MEF survey found that the IT/communication sector had an extremely high annual turnover rate of 75.72%, the highest among the non-manufacturing sectors in the country. This was followed by associations/societies (33%) and hotels/restaurants (32.4%). The survey was conducted on 143 companies between June 2010 and July 2011. “Employees in the IT/communication industry are very mobile and they are always searching for the perfect company,” said Shamsuddin.
MTUC secretary-general Abdul Halim Mansor said that the high turnover rate among workers could be due to the rising cost of living. “Employees will start jumping if their salaries cannot meet the cost of living,” he added. Abdul Halim said companies within the same industry sometimes also pinched from each other, which could contribute to the high turnovers. “You don't see it happening so much on production floors (with less skilled workers),” he pointed out. “This usually occurs more with employees in the semi-skilled levels,” he added.
Via The Star Online
According to The Star Online: “Malaysian Employers Federation (MEF) executive director Shamsuddin Bardan said employers had to spend an average RM25,000 to RM30,000 to replace each employee who quit. “It's not as simple as someone leaving and someone coming in. There is the cost of advertising for vacant positions, interviews, screening, background checks, training and medical check-ups,” he said.”
A MEF survey found that the IT/communication sector had an extremely high annual turnover rate of 75.72%, the highest among the non-manufacturing sectors in the country. This was followed by associations/societies (33%) and hotels/restaurants (32.4%). The survey was conducted on 143 companies between June 2010 and July 2011. “Employees in the IT/communication industry are very mobile and they are always searching for the perfect company,” said Shamsuddin.
MTUC secretary-general Abdul Halim Mansor said that the high turnover rate among workers could be due to the rising cost of living. “Employees will start jumping if their salaries cannot meet the cost of living,” he added. Abdul Halim said companies within the same industry sometimes also pinched from each other, which could contribute to the high turnovers. “You don't see it happening so much on production floors (with less skilled workers),” he pointed out. “This usually occurs more with employees in the semi-skilled levels,” he added.
Via The Star Online
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