On the back of the ‘Great Resignation’, an ailment that has been prescribed many remedies, CivicScience investigated the numbers.
The real-time insight platform surveyed more than 1,300 US adults to get a clearer picture of the job market. The company has been doing this since 2015, and the latest results show that job satisfaction is lower than ever before.
The data
The survey found that 32% of people are unhappy or somewhat unhappy in their current role. This is double the percentage of dissatisfied employees when compared to Q4 2020.
Many companies have re-evaluated pay during the pandemic, but this seems to have largely benefitted younger members of the workforce. 34% of those aged between 18 and 24 saw their financial situation improve during the pandemic.
Conversely, 19% of over 55s reported the same upward financial trend.
This pay growth is perhaps reflective of renewed focus on younger talent. Degreed’s chief learning strategist, Annee Bayeux, recently told UNLEASH that the war for talent is a battle for youth that can be upskilled and trained.
Despite growing wages, there are still issues for younger workers to overcome, namely a great deal of job dissatisfaction.
The survey found that more than half of those aged between 18 and 24 are searching for a new job. Additionally, 31% of those aged between 25 and 34 are on the hunt for work.
Across the board, 26% of people have considered new roles over the last six months. For those concerned about retaining staff during uncertain times, this will undoubtedly be a worry.
This is affecting some sectors more severely than others. CivicScience found that this was highest in military and government, where 33% of respondents are searching for a new role. This is closely followed by 32% in retail.
On the other side of the spectrum, only 12% of teachers are looking for new roles.
Popular job searches
In terms of where people are looking for new work, Indeed and LinkedIn dominate the market, according to CivicScience.
Indeed is used by 25% of people, while LinkedIn is used by 16%. The likes of Facebook and SimplyHired rank as the least used with just 4% and 2% respectively using them.
With this information in mind, those who wish to re-hire or continue to expand during the pandemic may turn to these popular job-search sites.
Also, in order to survive the ‘Great Resignation’, companies need to prioritize employee satisfaction in their role in order to retain their top-quality staff.
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