While 37% of U.S. employees are looking for a new job in 2024, only 28% believe there are more opportunities in their field than a year ago, according to a recent Express Employment Professionals-Harris Poll survey.
OKLAHOMA CITY, Feb. 14, 2024 /PRNewswire-PRWeb/ -- Nearly 40% of U.S. employees are hopeful to match with a new job this year, however, fewer believe there are more job opportunities in their chosen field compared to a year ago (28%) — a significant decrease from 2023 (34%).
This is according to a recent Express Employment Professionals-Harris Poll survey.
There appear to be mixed feelings when it comes to the difficulty of landing a job — with half of job seekers reporting it will be easy (51%) and a similar proportion citing it will be difficult (49%). Still, nearly 7 in 10 U.S. job seekers believe it will take them six months or less to find a job, a significant shift from the previous survey (69% vs. 62% spring 2023).
As for employed job seekers, they have been at their current company for eight years, on average, but still more than one-third are actively searching for a new job. .
Job Seeker Worries
Perhaps this drive to search for a new job is because the majority (85%) report fears regarding their current job. Among these fears, not getting the salary increase/raise they deserve tops the list (48%), followed by a change in team structure (29%) and losing their job before finding a new one (28%).
One-quarter also fear either a slowdown in work opportunities because of the economy, never being promoted or the company reducing workforce due to the economic climate (25% each).
Although employed job seekers worry about compensation/benefits, just more than 2 in 5 (44%) have asked for a raise in salary or wages in the last year as a result of an increase in the cost of living. Gen Z or millennial job seekers are far more likely to have asked for a raise compared to their boomer/senior counterparts (44%, 54% vs. 25%).
Millennials are also more likely to have asked for a raise in the past year compared to Gen X (54% vs. 34%).
Similarly, slightly less than one-third of employed job seekers (32%) asked for better benefits in the last year as a result of an increase in the cost of living. Gen Z and millennials are more likely to have done so compared to their Gen X counterparts (35%, 42% vs. 18%).
Only around 1 in 7 employed U.S. job seekers (15%) have no fears regarding their current job.
Criteria for New Opportunities
Considering the fears of employed job seekers, it may come as no surprise that slightly more than half (51%) are currently looking for a new job to find/negotiate better compensation. For around 2 in 5 employed job seekers, other reasons include finding the work-life balance they want (41%) and finding better growth opportunities in their current industry (38%).
Additionally, about one-third (34%) report having to put starting a family on hold due to a lack of work-life balance and nearly 3 in 5 (59%) say it's essential that their future company prioritizes work-life balance as they look to start a family.
"The good news for employers is quality talent is out there and ready to make a move if the circumstances are right," said Express Employment International CEO Bill Stoller. "While openings have decreased from their record high, it appears job seekers are still optimistic about securing positions in the next six months, hoping to connect them with the perfect opportunity."
Survey Methodology
The Job Seeker Report was conducted online within the United States by The Harris Poll on behalf of Express Employment Professionals from Nov. 9 to 26, 2023, among 1,002 adults ages 18 and older.
For full survey methodologies, please contact [email protected], Director of Corporate Communications & PR.
If you would like to arrange for an interview to discuss this topic, please contact [email protected], Director of Corporate Communications & PR.
About Bill Stoller
William H. "Bill" Stoller is chairman and chief executive officer of Express Employment International. Founded in Oklahoma City, Oklahoma, the international staffing franchisor supports the Express Employment Professionals franchise and related brands. The Express franchise brand is an industry-leading, international staffing company with franchise locations in the U.S., Canada, South Africa, Australia and New Zealand.
About Express Employment Professionals
At Express Employment Professionals, we're in the business of people. From job seekers to client companies, Express helps people thrive and businesses grow. Our international network of franchises offers localized staffing solutions to the communities they serve across the U.S., Canada, South Africa, Australia and New Zealand, employing 579,000 people globally in 2022 and more than 10 million since its inception. For more information, visit ExpressPros.com.
Media Contact
Sheena Hollander, Express Employment Professionals, (405) 840-5000, [email protected], www.ExpressPros.com
SOURCE Express Employment Professionals
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