Zarah ChoudharyAround two-thirds (69%) of audit and governance professionals plan to move jobs within the next 12 months, a new survey by CareersinAudit.com has revealed.
The survey asked audit and governance professionals about what factors would lead them to search for a new job.
While the majority of respondents said they were planning to move in the next year, with 35% of respondents stating that they are looking for a new position with immediate effect.
A further 34% said they are planning to start within the next year.
The data also showed that experienced professionals appear to be driving this, with 60% of professionals aged 41 and over planning on moving in the next six months, compared to 43% of 26 to 40-year-olds.
In terms of why professionals in the sector are looking to move, the main reason was promotions and pay raises, with 25% saying they haven’t received either in their current job.
This has overtaken the primary reason for leaving a job from the data collected back in 2019, where 17% cited the main reason for wanting to leave as the desire to work abroad.
Simon Wright, director of CareersinAudit.com and the Careers in Group, said: “The fact that the majority of professionals in the audit and governance industries will be looking for new roles in the near future should be a huge concern for employers across the sectors.
“As with any industry, keeping employees motivated and happy in their roles is crucial to retaining top talent, and also attracting new people to join.
“Regular one-to-ones and performance reviews, providing clear career progression paths and incentivising employees with additional benefits including work-life-balance and homeworking options, as well as regular pay increases, are just some of the areas that should be implemented to prevent professionals from seeking pastures new.”
