January 2007

20% of workers to change jobs with new year

One-in-five workers (20 percent) will look for a new job in the new year, according to CareerBuilder.com’s latest survey.

Looking at key job factors that influence job satisfaction and company loyalty, workers reported the following:

• Pay: 33 percent of workers are dissatisfied with their pay. 26 percent of workers did not receive a raise in 2006. Of those that did receive one, one-in-five were given an increase of 2 percent or less.  

• Career Advancement: 35 percent of workers are dissatisfied with career advancement opportunities provided by their current employers. Eighty-five percent did not receive a promotion in 2006, and 26 percent felt they were overlooked.

• Work/Life Balance: 27 percent of workers are dissatisfied with work/life balance, and 45 percent report their workloads have increased over the last six months.

• Training/Learning: 33 percent of workers are dissatisfied with training and on-the-job learning opportunities provided by their current employers.

Forty-eight percent of workers planning to leave their current positions in the next 12 months say they are looking for a job with better pay and/or career advancement opportunities Three-fourths of workers say they will pay more attention to health benefits offered by employers than in the past.

The study also shows that this may be the ideal time to look for new opportunities as a shrinking labor pool has employers struggling to find qualified labor and implementing more competitive recruitment efforts. Nearly half of employers plan to increase salaries on initial offers to new employees.

The survey, titled “2007 Job Forecast,” was conducted by Harris Interactive and commissioned by CareerBuilder.com. It ran from November 17 through December 11, 2006 and included 6,169 workers and 2,627 hiring managers and human resource professionals in private sector companies.

Source: CareerBuilder.com, www.careerbuilder.com

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