According to the Report on the Situation of the Great Spanish Resignation prepared by Kenjo, the average profile of the employees who resign in Spain is young, between 25 and 35 years old, who are looking for a better salary andn the health, retail and software and internet sectors.
The phenomenon of the great Spanish resignation continues to grow gradually and so far this year resignations have increased by 45% compared to 2021. Even so, the peak of resignations has not yet arrived since, according to data from the Kenjo study, 44% of all resignations in 2021 took place between September and December. Nevertheless, David Padilla, CEO and co-founder of Kenjo, highlights that an increase in resignations is really an opportunity to attract talent. “The last quarter of the year is the time when we see a higher rate of resignations and it is the ideal opportunity to start recruitment processes and attract talent that has left other companies. The human resources departments that have a greater capacity for analysis and digitized recruitment systems will lead the hiring of this new pool of talent that emerges between September and December”.
In this sense, the sectors experiencing the greatest number of resignations -and opportunities to attract talent- are health (13%), retail (17%) and software and Internet (15%). Specifically, the health sector is the one that grows the most in resignations compared to 2021, quadrupling its figures. The effect of the pandemic and working conditions could partly explain the reason for this level of resignation.
For its part, the retail sector is characterized by high temporality which, together with greater digitization, drives many professionals to change jobs. “The high labor supply we see in the software and Internet sector leads to higher employee turnover. This means that from the human resources area of large technology companies, strategies based on digital tools must be implemented both to attract talent and to increase retention and thus compensate for this high mobility”comments the CEO and co-founder of Kenjo.
The great challenge of the great Spanish resignation
Young talent is the most common profile in terms of resignations. Moreover, the results of the Situation Report of the Great Spanish Resignation prepared by Kenjo show that 4 out of 10 resignations They were carried out by young people between 25 and 35 years old. Specifically, 25% of voluntary withdrawals were requested by people between 25 and 30 years old, followed by 16% representing young people between 31 and 35 years old.
Likewise, and although profiles over 40 represent a lower rate of dismissals, the Kenjo study also reflects how 2 out of 10 resignations in 2022 have been carried out by people who are over 40 years of age. The figure is almost double that of 2021 (when they represented 1 in 10 resignations), which points to a new challenge for companies.
The salary improvement (53%), a better position (20%) and change of profession (36%), the main reasons for resigning
The main reason employees are motivated to change jobs is the salary increase, as the report highlights. In particular, 53% of job changes are caused by salary, while 20% are due to a better position within the same sector or industry.
Specifically, business (85%), finance (50%) and software and internet (43%) are the sectors in which there is a greater number of job changes related to remuneration. On the other hand, the education sector (53%) and the real estate sector (51%) are among the few in which achieving a better position prevails, rather than a salary increase. “To retain young talent and senior professionals, performance evaluations and work environment surveys are essential. There are digital human resources software that help to carry out more complete evaluations and detect areas for improvement to adapt the conditions and work environment to their needs”, says David Padilla.
Secondly, 36% of voluntary resignations were to change sector or profession. Thus, the sectors whose workers resign most frequently to carry out a professional retraining are real estate (51%), software and internet (46%) and distribution (37%).