High number of Americans anticipate job shifts within the forthcoming twelve months, reveals poll data
In a rapidly changing job market, many workers are feeling the pressure of inflation on their everyday lives, leading some to consider new job opportunities or even asking for a raise. This is according to Mark Hamrick, Bankrate's chief economic analyst.
A recent Bankrate survey has revealed that nearly half of full-time workers are planning to job hunt in the next year, with one in four workers considering starting their own business in the next 12 months. However, the survey does not specify the industries or demographics of the workers surveyed, nor does it provide data on the number of workers who are currently unemployed or underemployed.
The survey also does not provide any specific reasons for the increased job insecurity or the desire for job changes, beyond the influence of inflation. Hamrick suggests that the ongoing inflation could be one reason for the attitude shifts observed in the workforce.
In light of these changes, Hamrick offers some advice for workers. He recommends building networks of contacts both in person and online, particularly on LinkedIn. He also advises workers to own their job, not just rent it, by doing their best, keeping a positive attitude, working toward a promotion, and even learning new skills like AI.
Moreover, Hamrick comments that the small business of today could end up being the largest business of the future. He suggests that workers should think about their professional and personal contacts as key contacts for finding new opportunities.
It's worth noting that the survey does not indicate whether the desire for job changes or increased job insecurity is more prevalent among certain age groups, genders, or racial/ethnic demographics. The survey also does not provide any information on the impact of the ongoing pandemic on job security or job search intentions.
The background to these shifts is a desire for more independence, flexible working hours, and dissatisfaction with current job security and income stability, according to the Bankrate survey report. As the job market continues to evolve, it's clear that workers will need to be proactive in preparing for potential job searches, even if they are only considering it.
