A survey of job seekers around the globe who found new work in 2016 reveals that 74% increased their job satisfaction, according to a recently published report titled Job Seeker Trends 2017: Level of Satisfaction Gained by Changing Jobs by The Boston Consulting Group and Recruit Works Institute.
This was especially true for those in their 20s and 30s (75% of them), those in emerging markets such as China and India (84% and 83%, respectively), and those who found a new job in a different country (82%), the BCG noted.
The report is based a global survey of more than 13,000 job seekers from 13 countries.
Compensation remains a powerful motivator particularly in China and India
Salary and benefits remain key factors in the job search everywhere while 22% of respondents reported compensation was the reason for leaving their previous employers, BCG said.
Job seekers in India and China are particularly focused on compensation, with 35% and 30%, respectively, changing jobs because they were dissatisfied, and 81% and 63% considering only positions in which their compensation would increase—significantly higher than the 53% average for the 13 countries surveyed, according to the report.
In contrast, the percentage in Japan was just 26%, with 28% of job seekers also looking at jobs in which compensation would be reduced, the report reveals.
Social networking sites gain importance
With the growing popularity of smartphones, the report finds that the internet in general, and social networking sites (SNSs) in particular, have become an important part of the job search.
An average 34% of those surveyed using SNSs at some stage of the search and 19% of that group applying directly to job offers on SNSs, according to the report.
Given the high level of satisfaction of those who found jobs through SNSs, this trend can only be expected to strengthen, BCG observed.