The following Mini-Blog was initially prepared for existing workers in career transition. However, the information is also useful for students to understand that:
- The vast majority of workers are not engaged and happy in their careers and therefore are frequently changing jobs in search of something better. That majority generally will never find a job they are especially good at or passionate about and therefor will not be compensated above average, and
- The very large number of workers changing jobs each year mainly because they are not happy.
In performing research to develop and refine the PATH2HappiSuccess program and assist workers in career transition to determine the top Career/Job, I frequently come across career related statistics and factors that I find to be both interesting and surprising. This Mini-Blog summarizes some of the most important career statistics and factors.
1. Bureau of Labor Statistics, Job Openings and Labor Turnover – October 2019 news release
- Total Employment = 150 Million
- Hires per Year = 70.8 million (47% of Total Employment)
- Voluntary “Quits” per Year = 42 million (28%)
- Layoffs and Discharges per Year = 20 Million (13%)
A surprising 41% of U.S. workers change Jobs/Careers every year
2. LinkedIn’s 2016 Global Talent Trends Report
- 90% of Global professionals are interested in hearing about new job opportunities
- Active Job Seekers (actively looking & casually looking a few times a week) = 30%
- Warm Passives (discussing job transition & open to talking to a recruiter) = 57%
- Super Passive (Completely satisfied, don’t want to move) = 13%
- Top Reasons People Change Jobs
- Lack of opportunities for advancement
- Unsatisfied with senior management
- Unsatisfied with the work culture
- Want more challenging work
- Unsatisfied with compensation / benefits
- Unsatisfied with the rewards/recognition
- How many years people want to stay at their current company:
- < 2 years – 41%
- 3+ years – 37%
- Don’t know – 22%
3. Spotlight on Statistics: by Vernon Brundage Jr., an economist in the Division of Labor Force Statistics
- 2016 Percentage of labor force by education attainment
- Less than high school 8%
- High school 26%
- Some college or AA 27%
- Bachelor’s degree 24%
- Advanced degree 15%
- Or from the above, 64%of the labor force have some college experience
4. Gallup’s “State of the American Workplace” Report
- Status of Employee Engagement
- 1/3 of employees are what Gallup calls engaged at work– They love their jobs.
- 16% of employees are actively disengaged — they are miserable in the workplace.
- The remaining 51% of employees are not engaged — they’re just there.
- Most workers want their work to have meaning and purpose. They want to use their talents and strengths to do what they do best every day.
- Organizations must hone their attraction strategies so they can more effectively recruit and hire sought-after candidates.
- 21% of employees strongly agree their performance is managed in a way that motivates them to do outstanding work.
See www.path2happisuccess.com for more.