Despite concern about job security due to the pandemic, employees are still looking for better career opportunities.
A new study from DSJ Global, Job Confidence Index 2020, which measures confidence in the supply chain labor market across multiples industries, reveals that employers could be facing a talent exodus.
According to the survey, while 50% are confident or very confident in their job security, only 36% of global respondents say they are likely to stay with their current employer in the next few months.
The index reports on professionals’ confidence in the economy, holding or getting a job, their compensation and bonus, and whether the normal push-and-pull factors in employment have changed.
“In this climate, it can be difficult to grasp what current and potential employees are thinking and feeling," says Luis Rolim, group marketing director at DSJ Global. "The Job Confidence Index provides some clarity and reveals that talent retention is a critical issue right now.”
Key findings include:
- Job market blues: 2 in 5 respondents (43%) feel negative or very negative about the current job market.
- Back up plans: Only 44% are confident or very confident they could find another job in the next three months if they became unemployed.
- Feeling good: Half of the respondents (48%) are satisfied with their current job. A quarter (28%) report feeling unsatisfied or highly unsatisfied.
- Out the door: Despite this, only 36% say they are likely or very likely to stay with their current employer over the next six months.
- Climbing the ladder: The majority would move to progress their career (60%) than pursue a higher salary (53%)
- Packing up: For the right job, the majority of U.S. respondents (69%) would move to another region. The Southeast region is the most popular choice for relocation (27%).