Employee retention has become an institutional priority as the Great Resignation takes root in higher education.
Summary
This report provides data and insights to inform institutional strategy development. Specifically, it quantifies potential turnover among the full-time higher education workforce in 2022 and relates this to employment satisfaction along various job dimensions. It then discusses implications for initiatives focused on employee retention.
Key Insights
- Twenty percent of full-time employees at U.S. colleges and universities are likely to search for a new job before the end of 2022.
- The intent to job hunt is most common among employees under age 40, with 12% who will definitely do so in 2022 and 14% who probably will.
- Only 14% of employees under age 40 are very satisfied in their current job.
- One-half of likely job hunters say there’s nothing their employer could do to make them significantly less likely to look, but personal finances are clearly an underlying issue for many.
- Salary is the most prominent source of job dissatisfaction among those under age 40 who are seeking new employment – 38% are dissatisfied with their current salary.
