Job changing rate is defined as a measure of the extent to which available labor resources (that is, people who are available to work) are being used. It is also calculated as the ratio of the employed to the working age population. Employment rates or Job changing ratesare quite sensitive to the economic cycle, but in the longer term they are significantly affected by governments’ higher education and income support policies including policies that facilitate employment of women and disadvantaged groups. The working age population refers to people aged 15 to 64. This indicator can be seasonally adjusted and it is measured in terms of thousand persons aged 15 and over; and in the numbers of employed persons aged 15 to 64 as a percentage of working age population.
According to reports, over 1 in 2 have switched jobs or are actively looking to do so with flexible work their top priority, with one -thirdof employees having changed jobs in the past two years.
The percentage of those who haven’t changed jobs yet but are actively seeking a new opportunity in 2022 had reasons for doing so which ranged from wanting better compensation, wanting a better career opportunity, better work/life balance, and the rest want to change because they are looking to do something they enjoy more.
The rate of employees who changed jobs in the last 2 years had the Nordics come out top with 43%. UK came next and France had the lowest percentage.