- Workers are carefully weighing options and generally feel
fulfilled in their current roles
- Gen Z and marketing and creative professionals are most likely
to make a move
MENLO
PARK, Calif., Feb. 6, 2024
/PRNewswire/ -- While job openings remain elevated and talent
shortages persist, there is less attrition in the labor force with
fewer workers planning to change jobs this year. According to new
research from talent solutions and business consulting firm Robert
Half, only 36% of workers plan to look for a new job in the next
six months, down from 49% in July
2023.
View the results over time.
Professionals Most Likely to Make a Move (By Generation and
Specialization)
Generation
|
February 2024
|
July 2023
|
Gen Z
|
55 %
|
74 %
|
Millennials
|
48 %
|
63 %
|
Gen X
|
28 %
|
44 %
|
Baby Boomer
|
13 %
|
23 %
|
|
Specialization
|
February
2024
|
July
2023
|
Marketing and
Creative
|
55 %
|
51 %
|
Technology
|
45 %
|
64 %
|
Legal
|
40 %
|
32 %
|
Human
Resources
|
31 %
|
56 %
|
Accounting and
Finance
|
27 %
|
41 %
|
Administrative and
Customer Support
|
27 %
|
47 %
|
What's Contributing to the Big Stay?
Compared to the
shifts experienced during the Great Resignation, the research
suggests workers are more likely to stay in their current role, at
least for the first half of 2024. Some of the reasons they report
include:
- Their current job offers a level of flexibility that they
aren't willing to lose (44%)
- They feel fulfilled in their current role (42%)
- They feel well compensated for their work (37%)
"The churn in the labor market of the past few years has
normalized," said Dawn Fay,
operational president of Robert
Half. "We're now seeing workers pause and take stock of
their careers, as well as employers taking a more strategic
approach to hiring."
Demand is High for Skilled Workers
For professionals
looking to make a change in 2024, there are opportunities.
According to Robert Half's State of
Hiring report, 57% of companies plan to add new positions during
the first half of 2024. Another 39% are hiring for vacated roles.
Company growth (66%) and employee turnover (52%) are the top
factors influencing hiring decisions. Additionally, 77% of
businesses that postponed projects in 2023 said that they plan to
move forward with them in 2024.
Read more about The Demand for Skilled Talent.
Workers' Main Motivators
Workers have made it clear
that they aren't likely to make a move unless the opportunity meets
certain criteria. When asked what would lead them to look for a new
position, workers cited:
- A higher salary (55%)
- Better benefits and perks (36%)
- A job with more remote flexibility than my current company
offers (32%)
Fay added: "While employers may have more leverage in today's
job market, they still face hiring challenges. Professionals who
possess the desired skills to help boost company productivity,
alleviate workloads and complete mission critical projects are
still in high demand. Hiring managers should have a thoughtful plan
in place so they are ready to compete for talent."
About the Research
The online survey was developed by Robert Half and
conducted by an independent research firm from Oct. 27 –
Nov.17, 2023. It includes responses from more than 1,275
workers 18 and older in finance and accounting, technology,
marketing and creative, legal, administrative and customer support,
human resources, and other areas at companies with 20 or more
employees in the United
States.
About Robert
Half
Robert Half
(NYSE: RHI) is the world's first and largest specialized talent
solutions firm that connects opportunities at great companies with
highly skilled job seekers. Offering contract talent and permanent
placement solutions in the fields of finance and accounting,
technology, marketing and creative, legal, and administrative and
customer support, Robert Half has
more than 400 locations worldwide, including nearly 100 locations
in 18 countries outside the United States. Robert Half is the
parent company of Protiviti®, a global consulting firm
that provides internal audit, risk, business and technology
consulting solutions. Robert Half,
including Protiviti, has been named one of the
Fortune® Most Admired Companies™ and 100 Best
Companies to Work For and is a Forbes Best Employer for Diversity.
Explore our comprehensive solutions, research and insights at
RobertHalf.com.
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SOURCE Robert Half