Firms will pay when workers make escape

The economy is recovering. The signs are everywhere. But with the increase in hiring comes an increase in job-hopping! I hadn't thought about it this way but USA Today reports from a Spherion study that 75% of workers expect to change jobs in the next year!

From the article: This beneath-the-surface issue isn't jobs. It's work. Specifically, it's the growing recognition by workers that corporate leaders have so abused them during the recent recession that, when a job-producing recovery really kicks in, as appears to be happening, companies will suffer a tsunami-like wave of employee defection. The disruption will be enormous; the costs, astronomical. And the signs are already there that foreshadow just how serious the problem could become. According to a recent study by Spherion, a Florida-based recruiting and outsourcing firm, workers are already gathering at the doors of many companies. The study found that 51% of the 3,000 workers interviewed wanted to leave their jobs, and 75% said they were likely to leave within one year. Both percentages are substantially higher than the numbers from Spherion's 1997 study.

And in a related story, Worthwhile writes, "These days, people are starting to realize that the game isn't about money, it's about happiness. Increasingly, they are looking for jobs that feed their souls, that fuel their passions. Jobs that make you want to get out of bed in the morning. Sure, money is an angle--we all need some of it--but it's not the driving force it once was."

Steve Johnson

Steve Johnson

Steve Johnson was a founding instructor at Pragmatic Institute, a role he held for more than 15 years before he left to start Under10 Playbook. In his return to Pragmatic Institute, Steve supports the complete learning path for product teams, ensuring they are fully armed for success. 

Over the course of his career, Steve has helped thousands of companies and tens of thousands of product professionals implement product management processes. He has worked in the high-tech arena since 1981, rising through the ranks from product manager to chief marketing officer. Steve has experience in technical, sales and marketing management positions at companies that specialize in both hardware and software. In addition, he is an author, speaker and advisor on product strategy and product management.

(0) Comments

Looking for the latest in product and data science? Get our articles, webinars and podcasts.