The economy has been a rough ride for just about everyone and so it may not be too surprising to hear that many are planning to head for ‘greener’ pastures in less than two years.
We just released the results of our latest Employment Confidence Survey and found 73 percent of employees expect to leave their job for a new employer in the future, 38 percent expect to leave their job in less than three years, 28 percent expect to do so in less than two years and 14 percent expect to do so in less than one year.
This may be driven by rising optimism around the job market. Among full-time, part-time and/or self-employed adults, 40 percent say they believe it is “likely” they could find a new job matched to their experience and compensation levels within six months if they lost their current job – the highest level in six quarters.
That optimism doesn’t necessarily carry through employee confidence in what’s happening within companies. While employee confidence in the job market rose in the first quarter, confidence in future job security, pay raises and company outlook remained relatively flat. And while reports of layoffs are down, 40 percent of employees say their employers made changes to the number of staff, organizational structure, compensation and benefits, or other perks in the past six months. In fact, rates of pay cuts, hiring freezes and job restructurings rose in Q1 from recent quarters.
Read more »
- Tags:
- Company Outlook, Employment Confidence Survey, Layoffs, Re-hire, Salary
