Monster’s Workforce Talent Survey Reveals Optimistic Job Seeker Outlook
79% of those surveyed are confident they will find a job in the next 12 months
MAYNARD, Mass.--(BUSINESS WIRE)--Jun. 4, 2013-- Monster, the worldwide leader in successfully connecting people to job opportunities and flagship brand of Monster Worldwide, Inc. (NYSE: MWW), today revealed the top-line results of a survey of nearly 6,000 registered Monster users, covering general job market insight and sentiment. This is the first in a series of releases covering a range of the survey results including current job seeker challenges, motivating factors driving them to a career change, their confidence in finding a job and job outlook by several key occupations.
According to the survey, nearly one-half (42%) of employed job seekers are dissatisfied with their current job, with a surprising majority (81%) of the employed expecting to actively search for a new job in the next year.
Desire for higher compensation, seeking a better skills match, and personal fulfillment were listed by those currently employed as top reasons for seeking a new job. Conversely, over a third (36%) of participants are searching for a new job due to job loss.
The survey also indicated that job seekers, whether employed or unemployed, were generally confident of finding a job. In fact, 79% of the employed and 75% of the unemployed job seekers felt confident about acquiring a new job in the next year.
“Our survey revealed that an overwhelming number of job seekers are in search of a more fulfilling job experience,” said Jeffrey Quinn, Vice President of Monster’s Global Insights. “Unemployed job seekers continue to visit Monster to identify their hiring opportunities, while employed job seekers appear to be expressing greater confidence in entering the job market in search of a fulfilling career.”
While many job seekers express confidence in finding a new job, many are also frustrated. More than half (56%) report they are struggling to find a job matching their salary, title and location preferences. In addition, a sizable amount (47%) cannot find jobs for which they are qualified. More than one-third (38%) of respondents indicate employers do not understand their skills and experiences.
Job seekers looking for more fulfilling work responded with the following sentiments:
- Nearly all (97%) Monster job seekers value the use of their skills and abilities and the enjoyment of the work they do
- The need for respect and appreciation rank among the highest desired traits of a new job (97%)
- Monster job seekers (96%) rate salary as an important factor
- Job security is highly valued (95%)
- A small group (40%) of job seekers value flexible work schedules and the option to work from home
About the Survey
From the unique perspective of the job seeker, the Monster U.S. Workforce Talent survey captures the likeliness of those employed and unemployed to actively search for a job, the challenges they face in a search as well as motivating factors driving them to seek out a new job.
Monster’s “U.S. Workforce Talent” study surveyed nearly 6,000 job seekers who are currently employed or desire employment in the next 12 months via an online survey. The study was designed to be inclusive of all Monster job seekers who have actively used their My Monster account over the past 3 years. The survey ran from January 14, 2013 to February 18, 2013.
About Monster Worldwide
Monster Worldwide, Inc. (NYSE:MWW), is the global leader in successfully connecting job opportunities and people. Monster uses the world's most advanced technology to help people Find Better, matching job seekers to opportunities via digital, social and mobile solutions including monster.com®, our flagship website, and employers to the best talent using a vast array of products and services. As an Internet pioneer, more than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities globally. For more information visit about-monster.com.
Source: Monster Worldwide, Inc.
Kristen Andrews, 978-461-8089