Whether satisfied or stuck, American workers are staying put.
The Wall Street Journal’s Post
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In this read something impactful was said that I look forward to sharing with my team. It shares the feedback of workers quitting less and one of the causes being them finding a balance within their current jobs/roles. As some of our roles may come with opportunities that can really get under our skin, I look forward to hearing what their balance is and what makes working here/there worth while and build on it. #AddValue #iWorkForComcast
Not only are fewer workers leaving their jobs, fewer are trying to. The Wall Street Journal cites recent data that shows why workers are thinking twice: the job market is tight and switching roles became much less lucrative in the last year-plus. The Journal also notes a recent poll that shows worker satisfaction is up because of solid compensation and flexibility. Piled together, workers stay put because any enticement to leave would have to be dramatic, and those can't-say-no opportunities have become rarer. Read more: https://lnkd.in/eKeERPdD Summary ✍: Todd Dybas
American Workers Have Quit Quitting, for Now
wsj.com
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Yesterday's Wall Street Journal featured an article discussing the trend of American workers staying in their current jobs. Surveys suggest that many workers are not planning to seek new opportunities in the latter half of this year, with a notable increase in worker satisfaction in 2024. Factors such as improved work-life balance, better compensation, and limited job prospects have contributed to what some are calling the "big stay." What implications does this have for the staffing industry? The balance between candidates and job orders is currently evening out, but I anticipate a sudden shift later in the year as economic conditions improve. This shift could lead to a shortage of available candidates to meet the growing demand from clients. It is crucial for the staffing industry to acknowledge this upcoming change and take proactive measures to prepare for the impending shift. Be ready, as change is on the horizon. Read more about this trend in the Wall Street Journal article: [Insert Link] #AmericanWorkers #JobMarket #StaffingIndustry
American Workers Have Quit Quitting, for Now
wsj.com
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Not only are fewer workers leaving their jobs, fewer are trying to. The Wall Street Journal cites recent data that shows why workers are thinking twice: the job market is tight and switching roles became much less lucrative in the last year-plus. The Journal also notes a recent poll that shows worker satisfaction is up because of solid compensation and flexibility. Piled together, workers stay put because any enticement to leave would have to be dramatic, and those can't-say-no opportunities have become rarer. Read more: https://lnkd.in/eKeERPdD Summary ✍: Todd Dybas
American Workers Have Quit Quitting, for Now
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The ever-increasing cost of living has taken a toll on individuals, forcing them to search for higher-paying employment opportunities. Despite jobs being more scarce, individuals seem to be willing to take the risk to find something new. Has the relentless rise in the cost of living compelled you to switch jobs within the past year? We'd love to hear your thoughts ⬇️ #costoflivingcrisis #salary #careerchange
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A Call to Value and Dignity In a world where job opportunities can be scarce and the desperation to secure employment is overwhelming, it's easy to fall into the trap of accepting subpar working conditions. Many of us have witnessed or experienced the exploitation of our labor force by employers or companies that prey on this desperation, offering jobs that provide little more than survival wages while demanding more than is justifiable. This situation is not only unfair but also unsustainable, and it's time we recognize the value we bring to the table. As job seekers, it’s crucial to remember that we are not merely cogs in a machine, replaceable and expendable. We are skilled, talented, and hardworking individuals with unique abilities that contribute to the success of any organization. Yet, too often, this value is overlooked, and our potential is undervalued. It's time to shift our mindset from one of desperation to one of empowerment. Desperation blinds us to our worth, leading us to accept jobs that misuse and abuse our talents, offering little in return. But this cycle can only continue if we allow it. We must stand firm in the belief that our skills and labor are worth more than the bare minimum, that we deserve fair wages, respectful treatment, and work environments that foster growth and development. By valuing ourselves, we send a powerful message to employers: we will not be exploited. We will not allow desperation to dictate our terms of employment. Instead, we will seek out opportunities that align with our dignity and self-worth, even if it means being patient or taking the time to upskill. To the job seekers: know your worth. Understand that you have the right to demand better working conditions, fair compensation, and respect in the workplace. It is not arrogance but self-respect. And when we, as a workforce, collectively uphold these standards, we force employers to rethink their practices, creating a better, more equitable job market for everyone. Let us reject exploitation in all its forms. Let us refuse to settle for less than we deserve. In doing so, we not only protect our own dignity but also pave the way for a more just and respectful employment landscape for future generations. I said what I said 😌😌😌
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Project Management | Process Optimization | Software Development | SaaS Sales Operations Leadership | Consultant
The December jobs report was solid, and President Biden has called 2023 a great year for American workers. Perhaps jobs are being created for entry-level and non-technical white-collar workers, but what about those in the technology field, recruiting or with significant experience? What are your thoughts on the current state of the job market? Check out the CBS News video for more information. #jobmarket #employment #technology #recruiting #experience #Americanworkers
Biden calls 2023 a "great year for American workers" after solid December jobs report
cbsnews.com
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Building Agri Commodity Supply Chain || Agri Commodity Trader, Buyer and Bulk Supplier to the Plants and Corporate (Wheat and Maize Rack from MP).
##Unfair Expectations of Employers Navigating the professional landscape, you may encounter individuals who want your expertise but are unwilling to offer fair compensation. These situations often involve: 1. Unfair Payment: They want you to work for them but aren't ready to pay you fairly, expecting high-quality work for minimal or no cost. 2. Avoiding Responsibility: They desire to make decisions without taking on any responsibility, leaving you to deal with the consequences. 3. Exploitation: They neither want to pay you fairly nor let you go, essentially expecting you to work like a slave. 4. False Trust: They never truly trust you but pretend you are the only person they rely on, creating a facade of trust to manipulate you. 5. Wrong Communication: They will share wrong information to build trust and force you to make wrong commitments too. Such behavior not only undermines professional integrity but also creates a toxic work environment. Recognizing these red flags early can help protect your time, skills, and well-being. My Opinion - Leave the people/ organisation as soon as possible. #Change the circle to change your life. #UnfairExpectations #ProfessionalIntegrity #KnowYourWorth #FairCompensation #ToxicWorkEnvironment #WorkEthics #RespectForProfessionals #StandUpForYourself #NoToExploitation
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Americans aren’t as restless in their jobs as they were a couple of years ago, writes Ray Smith. Numerous surveys show that fewer U.S. adults are currently seeking to leave their roles, compared with the job-switching frenzy of the pandemic years. Other data suggest job satisfaction is rising, and in interviews, formerly job-hopping workers say they’re content with the balance they’ve struck in the positions they have. Those who are tempted to make a jump face a tightening job market and shrinking pay premium for switching jobs, federal data show. The current mood is a turn from recent years, when a red-hot labor market helped spur a wave of quits among American workers, or the “great resignation.” What is the job market like in your industry? 🔗 Read more about what some labor economists have dubbed the “big stay”: https://lnkd.in/eqyc4swn
American Workers Have Quit Quitting, for Now
wsj.com
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Americans aren’t as restless in their jobs as they were a couple of years ago. Numerous surveys show that fewer U.S. adults are currently seeking to leave their roles, compared with the job-switching frenzy of the pandemic years. The current mood is a turn from recent years, when a red-hot labor market helped spur a wave of quits among American workers, or the “great resignation.” So different is the current mood that some labor economists have dubbed it the “big stay.” Other data suggest job satisfaction is rising, and in interviews, formerly job-hopping workers say they’re content with the balance they’ve struck in the positions they have. Those who are tempted to make a jump face a tightening job market and shrinking pay premium for switching jobs, federal data show. A poll from April shows that 35% of U.S. adults plan to look for another job in the second half of this year, down from 49% a year ago, according to Robert Half, the workplace consulting and recruiting firm. Of 1,000 workers polled, 77% said they were happy with their jobs and 85% reported a good work-life balance. “People feel really satisfied with their compensation and they are very happy with their flexibility, which are two big drivers,” says Dawn Fay, Robert Half’s operational president. Another recent study of 2,800 working adults by MetLife found 73% were satisfied at work, up from 69% a year ago. The number of U.S. workers who quit their jobs in one month peaked at 3% in April 2022, according to Labor Department data, prompting many employers to boost salaries, give more time off and offer flexible schedules in an attempt to retain talent. Since then the U.S. rate of quitting has drifted below prepandemic levels to 2.2%, where it has held steady so far this year. The lower quits rate comes alongside a white-collar job slowdown and shriveling pay for new hires. Two summers ago, job switchers got a median pay bump of 8.5% for making the leap, compared with a 5.9% raise for those who stayed at their jobs, according to the Atlanta Federal Reserve’s wage tracker. As of March, job switchers were commanding a median 5.2% jump in pay, while job stayers were getting 4.5%. “It lines up with where confidence in the labor market is at this point, and that makes sense because the hiring rate is slowing,” says Brett Ryan, a senior U.S. economist at Deutsche Bank Securities. Job postings on hiring website Indeed have steadily fallen over the past year, making the prospect of jumping ship to a new company harder, says Svenja Gudell, Indeed’s chief economist. “There’s just less out there,” Gudell says. “Employers don’t have to work as hard to attract talent. Wage growth has cooled, so you’re less likely to be enticed to switch jobs. There’s a little bit of that ‘I’m gonna sit pretty here for a while.’”
American Workers Have Quit Quitting, for Now
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