There is no major retirement in sight young people are

There is no major retirement in sight: young people are less likely to change jobs

Young people aged 40 and younger are much more cautious about their jobs and change jobs significantly less often, Léger finds in his youth study.

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“Salary is always the main reason for looking elsewhere, but it accounts for less than 50% of the decision,” explains Gabrielle Blais, head of research at Léger.

Salary accounts for 44% of the decision to change jobs or not, compared to 14% for vacation, 22% for benefits, 7% for working hours and 9% for job.

“It’s no longer just about money, money, money,” concludes Ms. Blais.

For example, the four-day week and summer hours are two aspects of a job that are increasingly associated with dollar signs, so they are becoming more important.

In 2021, 25% of young people planned to quit their job in the next 12 months. In 2023, only 15% of them believe this. In 2022 it was 13%.

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Companies that can’t afford to offer a 10% raise every year therefore have options to remain attractive.

For example, opportunities for advancement can serve as a carrot for employees.

The motto remains flexibility, both in terms of schedule and work or vacation locations.

Mental health support programs, which are widely talked about, certainly can’t do any harm.

“By optimizing everything other than salary, we can meet the needs of young people under 40,” summarizes Charlotte Fortin.

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