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This year’s annual Job Seeker Nation Report is out and it’s clear the labor market has entered an entirely new reality. Priorities and expectations in the workplace have drastically shifted over the past year as the dynamic motivations of the modern workforce continue to dominate the hiring landscape.
With millions of available jobs in the U.S. and talent seeking roles that better align with their own requirements, workers are making it clear they want more from employers — and they feel empowered to ask for it. Today’s job seekers are leveraging their upper hand to secure new jobs, higher wages, and better benefits.
The job market shift has left many organizations struggling to engage and retain top talent. The 2022 Job Seeker Nation Report will help recruiters and employers understand how to adapt to the current reality of talent acquisition to remain competitive in today’s labor market.
For the last 13 years, the Job Seeker Nation Report has surveyed and examined the responses of workers to understand their preferences and experiences within the labor market. This year, Employ, the parent company of Jobvite, JazzHR, and NXTThing RPO, is excited to provide insights and key takeaways about job seekers within the most difficult hiring environment in history. Let’s dig into a few of the biggest findings from this year’s report.
While 62% of workers are satisfied with their jobs, many employees report having one foot in and one foot out of their organizations.
Given the tight labor market, companies must prioritize internal mobility, as 54% of workers who are actively looking for a job have not looked at their current company for a new position.
The confidence among workers’ job prospects has left many workers dealing with the negative impact of high organizational turnover.
This organizational turnover has also led to an increase in stress levels and feelings of burnout in 78% of workers. However, the number of employers offering mental health benefits and resources is at the lowest level in the past three years.
Only 37% of workers feel they are paid fairly, so employers who fall short on compensation expectations may see an increase in turnover or candidate rejection.
Workers who are comfortable negotiating salaries (71%) and asking for raises (63%) is also at an all-time high. However, 35% of workers who were denied a raise request left the job because of it, and nearly half of workers believe they could make more money by simply switching jobs.
As companies evaluate return to workplace plans, remote work opportunities continue to be important to workers.
Even with an increased desire among job seekers to work remotely, company culture remains critical.
These are just a few takeaways from the 2022 Job Seeker Nation Report. Get a copy of the report today for hundreds of additional findings and insights that will help talent acquisition professionals and employers understand how to adjust to this employee-driven job market.
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