Despite the Pandemic, Talent Continues to be Mobile

New research shows that employees are relocating and changing jobs, demonstrating that despite the pandemic, talent continues to be mobile.

Last summer, as the COVID-19 pandemic was well underway and employers were weighing their options to ensure business continuity while keeping employees safe, employees were relocating. The rise in remote work and its added flexibility have presented even more opportunity for employees to consider a move, a trend that has continued according to a new survey showing that talent continues to be mobile.

According to a recent employee survey, one out of four (24%) respondents who indicated that they were working remotely also said they relocated in the past year. Factors contributing to these employee relocations included lower cost of living (43%) and proximity to family and friends as well as access to schools, parks, dining, and other amenities (39%).

Additionally, nearly one in five Americans (19%) changed jobs over the past year during the COVID-19 pandemic, while another 37% considered doing so. The factors employees weighed before changing jobs were compensation (42%), perks and benefits (30%), the opportunity for remote work (23%), and workplace culture (23%).

Over half of respondents who identify as male were more likely to consider compensation (51%), while younger workers (aged 25 to 34) were more likely to cite workplace culture (33%) and the opportunity for remote work (30%) as their primary motivating factors for changing jobs.

These results demonstrate that despite the ongoing pandemic over the past year and a half, talent remains mobile in more ways than one. Employees are moving to different cities and changing jobs, motivated by the flexibility offered by remote work. Further, without the requirement to work onsite, an expanded talent pool now exists for employers to tap into, while offering exciting new career opportunities for said talent.

Remote work is no longer just an occasional perk, it’s now one of the most important factors to businesses around the world. Worldwide ERC®’s remote work research found that 80.9% of employers with more than 10,000 employees anticipate that 50% or more of their workforce will be working remotely on a permanent basis. But whether the numbers are 50%, higher or lower, true remote work policies are critical to business operations and the employees within them, demonstrating that remote work is here to stay.

To learn more about how remote work is impacting policymaking for CHROs, corporate HR mobility departments, mobility service providers, and more, check out Worldwide ERC®’s new remote work research now!

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