Dive Brief:
- Workers are switching jobs at a 4.1% rate, an increase since the Great Recession when workers switched jobs at 2.3%, according to an Indeed Hiring Lab report released Feb. 11. The report attributed the increase to a stronger economy.
- Job switching is highest in industries such as accommodation and food services and administrative and support services. It's less likely to occur in education, utilities, health services and manufacturing industries.
- When workers switch jobs, they generally relocate to a new industry, though this has been typical throughout the past decade, Indeed said.
Dive Insight:
People with an employment record of multiple short-lived jobs used to raise "red flags" with recruiters. But multiple jobs on a resume aren't as big a taboo as they once were, according to respondents in an iHire survey. More than half of the 1,000 active and passive job seekers polled said they've left a job in the past five years, 75% said they planned to stay in their current job no longer than five years, and 31% are looking at changing jobs within the year. Based on these survey results, workers are less fazed about appearing to be job-hoppers.
Respondents in a June 2019 Akumina study are also feeling confident about leaving a job in a relatively short time; 75% of them said they feel that job switching multiple times actually helped boost their career. And 40% admitted to having four or five jobs since graduating from college or high school. Despite these results, the respondents said that they recognize the importance of professional growth within a current job and believed that staying onboard for 12 to 24 months was reasonable.
Millennials and Gen Zers, who have worn the moniker of job hoppers for some time are shaking the job-switching label, a recent Zapier survey showed. According to the poll, respondents in both generations said they want to stay with their current organization for some time. In fact, they're spending their off-hours engaged in work-related communication.
