The world of work is changing pretty rapidly, but one thing has been pretty consistent over the past few years: Workers are feeling optimistic about their prospects. The U.S. economy keeps adding jobs at a healthy clip and unemployment remains at pre-Recession lows, making this a jobseekers’ market.
Here’s a look at the current state of the American workplace:
According to the latest Gallup report on the American Workplace, a record 47% of the workforce says now is a good time to find a quality job, and more than half of employees (51%) are searching for new jobs or watching for openings. That may be due in part to lack of enthusiasm for their current job. Only one-third of U.S. employees said they are engaged in their work and workplace and about one in five fault their managers for failing to motivate them. But they also say that their employers aren’t really giving them compelling reasons to stay, with 91% reporting the last time they changed jobs, they left their company to do so.
Other top reasons workers are jumping ship, according to Glassdoor, are company culture, salary, or getting stuck in the same job for too long. On average, a 10% higher base pay is associated with a 1.5% higher chance the employee will stick around.
Just don’t look at millennials solely as the job-hoppers. A new report from Namely, an HR management platform, analyzed data from over 125,000 employees that busted this myth. Baby boomers are most likely to switch jobs, with a median tenure of just 2.53 years.
Turns out that whether or not we know how to code, many of us are working toward jobs at major tech firms. This is evidenced by LinkedIn data based on the social network’s users’ actions including job application numbers, the number of professionals who viewed a company’s career page, and the amount of time people remained employed at each company.