Throughout much of 2009, the career world was marked by unrelentingly high unemployment rates, continued layoffs, and negative job reports. Employees everywhere were focused on keeping the job they had – no matter how good or bad, and making the best of whatever situation they found themselves in. At the end of December 2008, job value was so high that 71% of nearly 1,500 readers said they’d take a paycut to save their job.
This year, as the economy shows continued signs of recovery and the job market begins to turn around, low employee engagement is more than just an anecdote to stir up the boardroom. It’s a reality that employers should already be taking into consideration, because it means that as soon as jobs start to open up, turnover costs may begin to soar.
In fact, our latest monthly poll showed that people are already thinking about greener pastures. We asked our readers if they’d consider job hopping for the right opportunity in 2010. A total of 817 people responded, with an overwhelming 82% saying yes, they’d job hop this year.
It’s true that you don’t have to job hop to improve your career, especially in normal circumstances. And, some people felt they were now actually better off career-wise than they were before the recession.
But, it’s also apparent that employment uncertainty from the past year or two has created the perfect storm for job hopping when the job market opens back up. Employers will increase recruiting seasoned professionals to build back diminished workforce numbers and add expertise, and employed professionals may move from a passive job search into an aggressive pattern, seeking to increase salary, gain responsibility, or simply have a change of pace. And all of this will only work to increase the competition in an already competitive job market.
So, keep your eye out on this trend in 2010, and share your thoughts about job hopping, the 2010 job market, and employee engagement with us in the comments section.
If “job hopping” does take off in 2010 it will be interesting to see how companies react to facing increased turnover rates just as they exit a recession.
On some levels it would be nice to see since going from fear of loosing ones job to jumping ship for greener pastures in a single year would mean quite a turnaround.
It is good sharing of information. It will be helpful to my work.
Some employers don’t care if they lose employees.The trainers have job security then. Some places have managers who support only their friends and family so that they are successful. It’s like a click in high school. They know that no matter how much or how hard you try to succeed, they will find a reason to shoot you down. You won’t ever move up within the company. I’ve seen that a lot.