Due to inflation and a higher cost of living, nearly half (46%) of potential job-switchers say they expect higher pay, according to a survey. Higher wages are typically one of the biggest reasons people seek new jobs, and 2023’s job hunters are no different. Nearly 90% of executives say their company is experiencing higher than normal turnover, but what is causing the attrition? There are four key reasons employees are seeking new jobs in 2023.Īdditionally, the The Equal Employment Opportunity Commission (EEOC), created by the Civil Rights Act of 1964, is an independent federal agency that enforces certain federal civil rights laws prohibiting discrimination and harassment. Unemployment rates remain at historic lows (3.4% as of January 2023), and 96% of workers say they are looking for a new job in 2023. Throughout 2022, 4 and 4.5 million people quit their jobs each month-and growing concerns about a possible recession haven’t slowed the trend. Whether dubbed the Great Resignation or the Great Reshuffle, the unprecedented transformation of workers’ attitudes that began with the pandemic continues to ripple through the labor market. By understanding workers’ goals and expectations when seeking new jobs, you can take the necessary actions to make your workplace more attractive to job seekers and current employees alike. Today’s fluid job market poses both challenges and opportunities for employers.
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