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Job Hopping

All articles tagged with #job hopping

business1 year ago

"Embracing Boomerang Hires: How a Tech Firm Copes with Gen Z and Millennial Staff Loyalty"

Gen Z and millennials are increasingly job hopping, prompting businesses to rethink talent retention strategies. Simon Cox, CTO of ServiceNow, advocates embracing this trend by fostering alumni networks and welcoming back former employees, known as boomerang hires. Cox emphasizes the need for businesses to involve younger staff in forming hiring strategies and to adapt to the evolving workforce dynamics to retain top talent.

via Yahoo Finance|
#boomerang-hires#business#gen-z
business2 years ago

Boomers, not Millennials, responsible for the decline of the 'organization man'

Contrary to popular belief, it was the baby boomers, not millennials or Gen Z, who were the original job-hoppers, according to new data from the Bureau of Labor Statistics. Men born in the second half of the baby boomer era had an average of 10 jobs by age 34 and 12.7 jobs by age 56. Millennials actually job-hopped at a slower rate than their predecessors, with older millennials holding an average of seven jobs by age 28. The decline in job-switching among younger workers in recent years has been attributed to factors such as the 2007 financial crisis, longer periods of education, and heavy student debt. Job-hopping has benefits for workers, including higher pay and a more productive economy overall.

via Fortune|
#baby-boomers#business#job-hopping
workforce-trends2 years ago

Boomers, not Millennials, responsible for the decline of the 'organization man'

Federal data from the Bureau of Labor Statistics reveals that the stereotype of millennials as job-hoppers is inaccurate. In fact, baby boomers switched employers just as frequently, if not more, than millennials did at the same age. Men born in the second half of the baby boom era had an average of 10 jobs by age 34 and 12.7 jobs by age 56. Job-hopping is a common behavior early in one's career, regardless of generation, and is influenced by economic factors. Millennials, in particular, experienced slower job-hopping rates compared to previous generations due to the 2007 financial crisis and the subsequent slow job market recovery. Job-switching has benefits for workers, including higher pay and finding the best fit for their career, and is associated with a more productive economy overall.

via Yahoo Finance|
#baby-boomers#career-stability#job-hopping
business2 years ago

Navigating the Great Resignation and its Impact on the Workforce

The Great Resignation is evolving into the "Big Stay," as the share of Americans quitting their jobs has broadly been declining, and monthly job openings rate has also been sliding. The year-over-year percent increase in pay for job changers was the lowest pace of growth since November 2021. However, job switchers still see a median raise of 7.6%, compared to just 5.6% for workers who stay at the same job. While the "Big Stay" is not taking place across the economy, it could have different implications for employers, employees, and job seekers.

via Business Insider|
#business#great-resignation#job-hopping