Jobs.lu recently conducted a new survey among Luxembourg employees on the topic of their professional satisfaction and expectations for their careers in 2024. Through this survey, the Luxembourg recruitment platform aimed to assess the keys to workers’ fulfilment in their roles and their ability to adapt in the current labour market.
The survey reveals that almost half of employees state that they are considering changing employers in the coming months.
Despite the seemingly uncertain economic context, a majority of respondents express confidence in their ability to adapt in a rapidly evolving climate.
Luxembourg, January 10, 2024 – In a labour market characterised by a shortage of workforce in many sectors, how does this affect the degree of satisfaction felt by employees with their own employment? How does this influence their short and medium-term aspirations? These questions were addressed in a recent survey conducted by jobs.lu, the primary recruitment platform in Luxembourg. It interviewed 1,150 employees on the topic of ‘professional satisfaction and career expectations in 2024’.
46% of workers ready to ‘make a move’
One of the insights from this survey lies in a desire expressed by the surveyed employees to ‘make a move’. When asked, ‘Are you considering changing jobs or careers in 2024?’, almost half of respondents (46%) answered affirmatively. 31% stated that they are not considering this possibility, while 23% specify that they are unsure.
Why do employees wish to move?
The survey also questioned those who expressed a desire to change jobs in 2024 about their motivations.
Among the most frequently cited reasons were:
- A desire for better remuneration (mentioned by 57.32% of respondents),
- An opportunity to achieve better work-life balance (40.59%),
- A desire to seize interesting career opportunities or those more in line with their passion (40%),
- A lack of prospects for advancement or progression in their current job (40% of respondents).
‘These results reflect a shift in the relationship to work, to the employer. Employees are currently more willing to move with the hope of finding something better elsewhere,’ comments Arthur Meulman, CEO of jobs.lu. ‘While the prospect of a higher salary or more attractive benefits is an important reason to change, other elements must be taken into account, such as the desire for more flexibility. The content of the role is also crucial. The survey also reveals that if the employer cannot offer medium and long-term prospects to its employees, they are more likely to consider a change.’
Workers confident in their ability to move
Regarding career prospects, the survey results reveal that employees are relatively confident. 58% state that their expectations align with what the job market in 2024 can offer them. Only 13% affirm that this is not the case, while 29% say that they are unsure.
‘In recent months, there has been much talk about talent shortages, the declining attractiveness of the country and the need for employers to seek talents from increasingly farther away. Such discourse tends to reinforce employees’ confidence in their ability to move or see their situation evolve favourably,’ comments Arthur Meulman. ‘However, we must be cautious about certain perceptual biases. While the labour shortage can be explained by the insufficient size of the workforce pool, it is mainly the mismatch between the needs of companies and the skills available that poses a problem. In such a context, an employee harbouring expectations not in line with the reality of the market, in other words, unable to demonstrate the sought-after skills, exposes themselves to a risk of disillusionment.’
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Methodology
As part of its survey, jobs.lu submitted a questionnaire to a sample of active employees in Luxembourg on the topic of ‘professional satisfaction and career expectations in 2024’. 1,150 people responded to the questions between 20 November and 8 December 2023. The collected data reveals trends related to employees’ satisfaction with their current situation and provides insights into their expectations for the upcoming year.