Job hunting on the rise amidst job satisfaction

The current scenario of job search is quite interesting with number of workers and employees looking for new jobs on the rise even though workers or employees are quite satisfied about their present jobs. An annual survey carried on by a prominent Compensation and Human Resource Management Solutions Company based in United States found a sharp increase in employee satisfaction in 2013 yet the percentage of people looking for new jobs continued to rise. The survey conducted under the title of “January Job Hunters” survey was taken by more than 1200 people regarding their current jobs as well as their plans to search for new jobs in 2014.

In 2013, about 69% of the respondents opined that they are not satisfied with their present job, which was an increase of 26% over 2012. The American economy is still recovering and is running in right direction. Factors such as the better performance of the stock market, a rise in housing prices and a positive job growth has resulted in employees feeling happier about their present jobs. In spite of that, the employees are not willing to stay put on their current jobs. The number of employees expecting to search for new jobs in 2014 is up by 6% compared with last year.

People in the age group of 18-25 are more likely to hop jobs with about 67% seeking for new jobs during 2014. About 23% of respondents have stated that they are looking for new jobs every single day, which is up by 6% from 2013. In addition, about 27% of respondents accepting the fact that they are searching for jobs while working for their current organizations. More and more people are polishing their resumes for posting them to new job positions with about 18% of them updating their resumes on weekly basis which is up by 3% during 2013.

The reasons for employees desirous of leaving their current jobs is primarily due to the following reasons with percentage of the present employees unhappy with their jobs being shown in brackets- Low pay (16%), No possibility of advancement (15%), Underappreciated(13%),Not challenged (8%), dislike boss (5%). The other factors include Life/work balance (5%), Job stress (4%), Overworked (3%), Benefits (2%) and Bad coworkers (1%). Overall, it is expected that about 83% of Americans would look for a new job in 2014.