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72% of workers who quit would return to old employers for higher pay, better benefits, and perks

By | Gabriel Cortés | grow.acorns.com

  • About 4 in 10 workers in the U.S. quit a job in the last year, according to a recent survey by Monster.
  • Nearly three-quarters of those who quit would consider going back to an old employer for higher pay, better benefits, or improved perks.
  • The fierce competition for workers has pushed many employers to be much more accommodating with their new hires.

There are a lot of open jobs right now: U.S. employers created more than 400,000 jobs in March — the 15th month of consecutive job growth, according to the Bureau of Labor Statistics, and the country’s unemployment rate is also flirting with historic lows at 3.6%.

Put another way, there are now nearly two open jobs for every unemployed person.

Common wisdom says that the excess of jobs is good for workers, particularly for those willing to switch gigs. And it looks like workers have taken notice.

Over 2 in 5 workers, or 41%, quit a job in the last year, according to the most recent survey from career site Monster. Yet nearly three-quarters, 72%, of people who’ve recently left a job would consider going back to their old employer if they got higher pay, improved benefits, or better perks.

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grow.acorns.com
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