Call Now! 303-400-5150

• TV • Radio • Cable • Online • Digital • Newspaper • Magazine • Out-of-Home • Outdoor
• Corporate • Management • Sales • Promotion • Digital • Talent • Production • Engineering • News • Content
• TV • Radio • Cable • Online • Digital • Newspaper • Magazine • Out-of-Home • Outdoor • Corporate • Management • Sales • Promotion • Digital • Talent • Production • Engineering • News • Content

As The Job Market Improves, Job Hopping Will Heat Up

By Laura Stevens

While most employees have clung to their jobs in the past year, employers are bracing for a wave of turnover when the economy picks up as expected next year.

A survey released today by the Society for Human Resource Management (SHRM), based in Alexandria, Va., and CareerJournal.com, reveals that half of the 389 SHRM members polled say they haven't seen a change in voluntary resignations in 2004, as compared to 2003. However, 38% say they've seen a rise and 12% report the rate dropped.

Still, 67% of the survey respondents say it's very or somewhat likely they'll see more employees heading for the exits in 2005 as the job market begins to improve. Only 26% say it's somewhat unlikely that the improving economy will change their voluntary turnover rate, and just 8% say it's very unlikely.

The survey also queried CareerJournal.com visitors for the perspective of employees. These respondents included active job hunters and those who are "just looking." Nearly half (47%) of the employee respondents who were currently employed say they plan to begin or ramp up a job search as the economy and job market improve.

Employees and HR pros agree that the top reasons for quitting are: a better-paying job, a better career opportunity, and a greater chance for career development.

Some companies are making a pre-emptive strike to prevent an exodus of employees. About a third of those in human resources say their company will take steps to retain employees as the economy improves.

Foremost among these efforts will be monetary rewards, with 59% of respondents reporting they will provide competitive salary increases and 41% of HR professionals saying they will award bonuses. Half of the respondents provide career-development opportunities and 57% say their company promotes qualified employees to keep them satisfied.

-- Ms. Stevens is an intern with CareerJournal.com.

Article from CareerJournal. November 2004

Yes! Please Send FREE Weekly Career Alerts

This FREE service from MediaRecruiter.com will keep you informed of the latest job opportunities from top media companies.






I agree to the Privacy Policy.