88% Plan to Pursue New Job Opportunities as the Economy Improves

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New workplace survey from FPC National indicates that an increasing number of employees who see an improving job market plan to look for new opportunities in 2013.

Employment survey results

88% of respondents plan to look for a new career opportunity as the economy improves

There continues to be a level of pent-up demand for career change that could make the hiring market even more dynamic in the coming months.

FPC's latest Workplace Web Poll Data indicates that an increasing number of employees are looking for new job opportunities as the economy improves. Every quarter, FPC surveys professionals to gain insights on their perspective on workplace issues and trends.

Of the approximately 650 professionals who responded to the survey, a strong majority indicated that they were planning to look for a new job when the job market improves (88%). This result is 9% higher than a similar survey conducted at the end of 2011. 60% of the survey responders felt that they had gained marketable skills and lack advancement opportunities in their current position. Employers' actions in tough economic times seem to be playing a role in employees' plans for 2013, as 22% indicated they would move on at least in part due to how their employer treated its employees during the recession, while 9% stated that they were well treated and planned to stay put. Continuing insecurity caused 9% of respondents to indicate they were being cautious and waiting for even greater improvements in the job market before seeking out other opportunities.

Additionally, more than 50% of respondents indicated that the government is not doing enough to spark job growth. Within that number, 24% of respondents who felt that job growth should be a spending priority, while 33% thought that removing regulations would help that effort. 40% of respondents felt that the government is doing enough to spark job growth.

Finally, submitting resumes on job boards is still proving effective for job seekers. 45% of respondents indicated that they found their most recent jobs by submitting their resumes to hiring companies and recruiters via job boards, while 31% credit networking with colleagues and friends. 15% of respondents found their positions via referral from a company employee, and 9% benefitted from a LinkedIn connection.

Respondents surveyed during the months of February and March 2013, across all industries and job levels, answered the following questions:

1. “Are you planning to look for a new job when the job market improves?”

22% Yes; my company wasn't very good to its employees during the recession and I want to move on
60% Yes; I've gained marketable skills and I don't see room for advancement here
9% No; my company handled its workforce very well during the recession and I want to stay
9% No; the job market is still too tenuous and I want to be cautious

2. “Do you think the government is doing enough to spark job growth?"

40% Yes; the economy is improving and companies are hiring
18% No; this should be a spending priority
33% No; removing regulations would spark job growth
9% The government doesn't have anything to do with private sector hiring

3. “How did you find your most recent job?"

15% Referral from a company employee
9% Through a LinkedIn connection
45% I submitted my resume via a job board
31% Networking with colleagues and friends

Ron Herzog, CEO & President of FPC, said, "There continues to be a level of pent-up demand for career change that could make the hiring market even more dynamic in the coming months. The economy and the job market continue to improve, particularly for college-educated management professionals, and companies that are not proactive in making sure they do all they can to hold on to key talent in their organizations may find themselves expending resources they were not planning to spend on recruiting for these crucial positions. On the other hand, as more talent re-enters the market, it could be that employers are able to enhance the capabilities of their teams and push forward with strategic initiatives that were previously on hold due to the economy and employment market. "

About FPC

FPC is a national executive search firm with close to 70 franchise offices. Since 1959, FPC recruiters have been committed to bringing together the right individual with the right opportunity. FPC conducts research to provide the most current advice and information to job candidates and client companies. FPC press releases share pertinent results with the public. For information about FPC, call 800-886-7839 or visit http://www.fpcnational.com.

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Juli Morris
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