Turbulent Economy Causing Workers to Look for a new Career

Monster.com poll shows more than half of respondents’ careers are affected by national or global economic troubles

MAYNARD, Mass.--(BUSINESS WIRE)--Jun. 13, 2013-- Monster.com, the worldwide leader in successfully connecting people to job opportunities and flagship brand of Monster Worldwide, Inc. (NYSE: MWW), today announced the results of a global poll revealing that more than 50% of respondents indicate they are trying to switch careers because of national or global economic troubles. A third (33%) of total respondents reported they would maybe switch careers due to the global economic troubles while only 14% reported their career as unaffected by the economy.

“It’s certainly wise to take broad economic trends into account when planning your career, but you want to be careful not to chase trendy jobs blindly,” said Mary Ellen Slayter, Career Advice Expert for Monster.com. “Information about economic trends can help you keep your expectations in check, which is especially important if you're planning to return to school on borrowed money to pursue a new career,” she added. “But you’ll still want to consider your temperament and natural talents, and how well they mesh with the day-to-day realities of the job. The best way to counteract the hype surrounding ‘hot jobs’ is careful research – and you will have to do it on your own, ideally by talking with people who actually do the job that may interest you.”

Monster.com asked visitors to their site the question, “Are national or global economic troubles causing you to consider a complete career change?” and received more than 3,400 responses. Total international findings included:

  • Yes, I am trying to switch my career – 53%
  • Maybe, if I can find a better career – 33%
  • No, my career is not impacted by economic troubles – 14%

The poll results also indicate wide differences from country to country. Over 54% of Canadian respondents report they are trying to switch careers, compared to about 22% of German respondents. The highest number of respondents trying to switch came from UK (61%), followed by the US (57%) and France (51%).

Similar poll results from a year prior show some differences. 2012 respondents in France and UK felt similarly about "maybe" finding a better career with France at 31% in 2012 vs. 34% in 2013 and UK at 29% in 2012 vs. 28% in 2013. However, there was a difference in those who answered no. Only 9% of UK respondents in 2012 answered that their career was not impacted by the economic crisis and therefore they would not change their career vs. 11% in 2013. In 2012, Monster UK respondents were overwhelmingly in agreement about trying to switch careers due to the current economic climate - nearly two-thirds (62%) answered yes. Whereas, in France the number was only at 53% which is still over half of the respondents but significantly lower than UK.

The results of the current Monster Global Poll are based on votes cast by Monster visitors from April 29-May 20 2013. Only one vote per user is counted toward the final tabulation. The Monster Global poll, a product of Monster.com, the premier global online employment solution and flagship brand of Monster Worldwide, Inc., is a series of online polls that gauge users’ opinions on a variety of topics relating to careers, the economy and the workplace. These polls are not scientific and reflect the opinions of only those Internet users who have chosen to participate.

For tips on finding jobs during a turbulent economy, please visit: MonsterWorking.com.

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.

Monster Worldwide
Kristen Andrews, 978-461-8089
kristen.andrews@monster.com