Domestic labor migration accelerated

Analysis

Photo by Fizkes / Shutterstock.com

Four out of ten employees could resign within a year, most of them switching to a higher-paying job, according to an international survey by EY involving more than 1,500 employers and 17,000 employees, writes profitline.hu. 

According to two-thirds of employers (68%), labor migration has accelerated. Those looking for a new position would mostly look for other options for higher pay (35%), flexible working (32%), and promotion of their careers (25%). 

"Labor migration in the domestic corporate environment may increase further due to the combined effect of several factors," emphasized Margit Farkas, partner at EY People Advisory Services. 

"Due to the uncertainty caused by the coronavirus epidemic, people were less likely to change jobs. These postponed decisions are becoming timely for them today, " she explained.

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