As Great Resignation Fades, Workers Opt to Stay Put in Tightening Labor Market
19 Mayo 2023 - 8:05AM
Business Wire
25% of US employees believe they would struggle
to find a new job if they lost theirs
Women feel more secure in their current jobs
than men, even if they are worried about uncertain economy
One in four US employees said they would struggle to find a new
job if they lost their current one, according to Qualtrics (Nasdaq:
XM) research that offers another sign The Great Resignation is
fading into the rearview mirror as the job market tightens.
US Bureau of Labor Statistics data released this week showed a
continuing steady decline in the number of employees who quit their
jobs this spring. As early as last fall, nearly 40% of employees
reported increased pressure to produce results at work, a sign of
the shifting labor market.
After months of rising wages and historically high rates of job
turnover, a recent Qualtrics study of 3,000 employees showed signs
that employees are willing to put in extra effort to shore up their
security at their current job, rather than testing the waters in
search of higher pay or better benefits. Only 14% of employees said
the economy does not impact the way they think about their
employment.
The shift marks a sea change in the US labor market, especially
for white collar employees, where employees have had the upper hand
for months. Now, as layoff announcements ripple across the business
pages and the debt ceiling debate threatens economic stability,
employees are not confident they would land on their feet if they
changed jobs.
“In an uncertain economy, job security is king,” said Qualtrics
Chief Workplace Psychologist Dr. Benjamin Granger. “More employees
staying put eases some of the pressure on employers after two years
of worker shortages.”
Leaders continue to be in greater demand. Individual
contributors – those who do not manage any employees – were most
likely to say they think they would struggle to find a new job –
25% said they would. Only 12% of senior leaders believed they would
struggle to find a new job.
Men are much more likely to be confident they’d have their pick
of jobs if they needed to make a change (47% vs 31% for women), but
41% of women said they feel very secure in their jobs, even if they
indicated they’re concerned about the economy.
About Qualtrics
Qualtrics, the leader and creator of the experience management
category, is a cloud-native software provider that helps
organizations quickly identify and resolve points of friction
across all digital and human touchpoints in their business – so
they can retain their best customers and employees, protect their
revenue, and drive profitability. More than 18,750 organizations
around the world use Qualtrics’s advanced AI to listen, understand,
and take action. Qualtrics uses its vast universe of experience
data to form the largest database of human sentiment in the world.
Qualtrics is co-headquartered in Provo, Utah and Seattle, and
operates out of 28 offices globally. To learn more, please visit
qualtrics.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230519005049/en/
Lauren Braun press@qualtrics.com
Qualtrics (NASDAQ:XM)
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