77% Of Currently Employed Workers Compete For Your Next Job

Apr 8 2014 in Featured, Job Search Strategy, reCareered Blog by Phil Rosenberg

best career advice, best job search information, career advice, job search information, job search advice, job search help, job search tips, career information, career help, career tips, career info, job search info

That’s an eye-opening number if you’re looking for a job.

But a recent CareerBuilder study projected that 77% of currently employed workers are searching for a new job.

Let’s examine CareerBuilder’s projection.

In 2010, CareerBuilder reported that 35% of currently employed workers were searching for a job – their recent projection was 220% of 2010’s figures.

If 77% of currently employed workers are searching for a new job … that means that nearly everyone is searching. In addition, these figures didn’t include unemployment figures of about 6.6% – 7%.

What changed to increase the number of people searching for work?

Let’s start by looking at the job market in 2010. Can you think back and use one word to describe the 2010 employment environment? The word would be layoffs.

In 2010, companies were announcing layoffs. Each week, as many as 5 employers announced layoffs of 1,000 or more. I should know … because I tracked layoffs each week for my “Who’s Firing” weekly series (see http://www.recareered.com/blog/tag/whos-firing/).

All of these mass layoffs were scary to more than just those directly affected. Fear of layoffs also affected workers who wanted to search for a new job. Few would take the risk of a new job, starting with a new employer with no seniority, while layoffs were happening all over.

This caused few employed workers to search for a new job while mass layoffs topped the headlines, from 2008 through 2010.

Layoffs slowed in 2011 … while they weren’t eliminated completely, layoffs slowed enough to restore confidence of those who wanted to look for new jobs. Since hiring has remained slow since 2010, many of those searching for a new job continue to search.

So now there’s a pent-up demand of workers who want to change jobs.

Currently employed workers, who aren’t being paid what they are worth are searching. Employees who haven’t seen a decent raise in years are in the job market. Salaried workers who are being asked to work evenings and weekends to cover the workload of the laid off are sick of being mistreated. Those who have had career advances shut down are looking for new jobs with promotion potential. Workers whose employers have cut back on training are seeking opportunities to learn new skills

Add to that, underemployed and part-time workers hoping to get their careers back on track also compete against you.

These pent-up demands are the 77% who are competing for your next job.

How will you show employers that you’re the best candidate when 77% of currently employed workers (plus 6.5% – 7% unemployed) are competing for your next job?

-------------------------------------------------------------------------------------------------------------------------------------

Want to do more than just complain about a bad economy?

To attend our next complimentary live webinar featuring action items to double your resume response rate and number of interviews, plus live career Q&A with Phil Rosenberg of reCareered, register at http://ResumeWebinar.com .

Available Now On Amazon: Job Search Secrets - Rethink Your Job Search Now, By Phil Rosenberg

Phil shows you why your current job search strategies work against you and how to replace them with strategies that improve your odds. Phil provides you with research - cold, hard statistics provided by job boards and hiring managers themselves, to show you what works for you and against you in the worst job market in our lifetimes.

Download Job Search Secrets on Amazon

Join our mailing list for newsletters, announcements of complimentary upcoming webinars and other job search resources. Sign up at http://reCareered.com/newsletter/

For access to more information:
Connect to Phil Rosenberg on Linkedin: http://linkedin.com/in/philrosenberg
Follow reCareered on Linkedin: http://linkedin.com/company/recareered.com
Like reCareered on Facebook: http://www.facebook.com/reCareered
Follow Phil Rosenberg on Google+: http://gplus.to/philrosenberg
Follow reCareered on Twitter: http://twitter.com/philreCareered
Join Career Change Central on Linkedin: http://linkedin.com/e/gis/1800872

Source: http://reCareered.com
Author: Phil Rosenberg

You might also like

84% Of Currently Employed Workers Compete For Your Job Update: You still have huge competition today, with 77% of currently employed workers searching for...
Update: 80-85% Of The U.S. Workforce Competes For Your Next Job That's a huge number if you're looking for a job. But a CareerBuilder study projected that 77% of...
Just How Many Job Seekers Are Looking For Work? This is the most competitive job market of our lifetime - but what does that look like in terms of...
Job Search Answers: Should I Apply On Company Websites? At the end of my Resume Revolution complimentary webinars (enroll at http://ResumeWebinar.com), I...