DALLAS — To retain its top workers, North Texas employers may need to reassess their pay and office situation as two in five Dallas workers plan to look for a new role in the coming months.
According to a new report from staffing company Robert Half, the amount of workers who are looking for a new role in Dallas is higher than the national average of one-third. The report found that workers are leaving for higher pay, career advancement opportunities and the ability to work remotely.
Thomas Vick, regional vice president for Robert Half, said employee retention is vital in today’s job market.
"DFW is growing so quickly and workers are getting more opportunities than ever before - employers need to be concerned about retention,” Vick said in a prepared statement. “If their top talent isn’t happy, there’s a good chance they’ll lose their star employees to other companies who will offer higher compensation, remote work options and a work culture that workers want.”
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Since the onset of the pandemic which drove even reluctant companies to remote work, working from anywhere has proven to be not only viable but also more productive for employees. Over the past year, roughly 60 percent of the more than 200 human capital executives surveyed in The Conference Board’s new report say that productivity has increased on average in their organizations. When asked in April of 2020, it was only 23 percent.
A major caveat to this increase in productivity is higher rates of worker burnout – in Dallas, half of the city's workers are burnout.
Those same executives believe that the deteriorating mental condition of their employees is one of the major challenges of the future. Others include finding qualified workers and adjusting to a permanent hybrid, or sometimes, fully remote workflow.
After experiencing the work-from-home model, many of the nation’s workers became rather fond of the work style. For example, the Robert Half survey found that more than 40 percent of Dallas workers want a fully remote job when looking for their next role.
Nationally, almost half of the nation’s workers are keeping an eye out for fully remote jobs – millennials were the most likely to want to work remotely in future positions.
With workers wanting to be fully remote, 55 percent of the human capital leaders surveyed by The Conference Board said as long as a worker can come in occasionally to the office, they are open to the model – a quarter would hire a full-time report worker anywhere in the U.S.
For nearly a third of workers nationally, they are not just keeping an eye out, they’re actively searching for a change in the coming months. When broken down by age, more than half of those between the ages of 18 and 24 are on the job hunt, while only 11 percent of those 55 and up planned to part ways with their current company soon.
According to The Wall Street Journal, more workers are leaving their jobs than at any time in at least the past two decades.
The only cities with higher rates of workers looking to move than Dallas were Sacramento, Houston, Charlotte and Atlanta, where 50 percent of all workers plan to look for a professional change.
Thankfully for workers, there are a lot of jobs on the market, and both pay and bonuses are on the rise. As of the end of April, there are over 9.3 million job openings. According to the U.S. Bureau of Labor Statistics, there were roughly 161 million workers in the workforce in May.
More than 2,800 U.S. Workers were included in the Robert Half survey. The survey was conducted from late March to early April and included workers 18 and older at companies with at least 20 employees. Data from The Conference Board was collected from respondents in April.