Navigation

User login

CAPTCHA
Are you able to fill this out? You should not be able to.

Study Indicates War for Talent Back On in the Workplace

Employees Starting to Think about New Jobs and More than Half of Generation Y Workers Interviewing

MELVILLE, N.Y., April 20 /PRNewswire/ -- Despite economic reports that the end of the recession is near or already over, 86 percent of U.S. adult workers(1) feel the economy is still in a recession. This is according to the latest Workplace Insights Survey from Adecco Group North America, the world's largest recruitment and workforce solutions provider, conducted online in March on their behalf by Harris Interactive®. In addition, 78 percent of workers believe this is the worst job market they've ever seen in their careers. Regardless of these feelings, however, workers of all ages are starting to think about (or have already started to explore) new job opportunities. This trend indicates that a "war for talent" has begun and that employers should brace for workforce changes in the year ahead.  

According to the survey, Generation Y is the most ready for change in the year ahead. In fact, compared to the end of 2008, the percentage of Gen-Y workers looking for a new job in 2010 has more than doubled (from 14% to 30%) and more than half (51%) of workers plan to go on (or already have gone on) a job interview as the economy begins to recover. And they are not alone – 30% of Generation X workers, 29% of Baby Boomers and 22% of workers aged 61 and over also have interviewed/plan to interview in the year ahead.

Additional survey findings include:

·         Older Generations Focused on Keeping Their Jobs: Unlike younger generations of workers (Gen-Y), Silent Generation workers (workers ages 61 and over) are focused on keeping their current jobs. In fact, 66% of these workers say that keeping their job is their number one work-life concern, but only six percent are willing to take a pay cut to stay in their