Monster.com Survey Reveals Current Job Seeking Challenges
Monster.com Survey Reveals Current Job Seeking Challenges
MAYNARD, Mass.--(BUSINESS WIRE)-- Monster.com, the worldwide leader in successfully connecting people to job opportunities and flagship brand of Monster Worldwide, Inc. (NYS: MWW) , today released new survey results detailing workers' views on the job market revealing that, while 79% of job seekers indicate confidence in finding a job within the next 12 months, 77% agree that it is more challenging to find a job compared to a year ago. This is the second significant finding (the first is here) of Monster's Workforce Talent survey of nearly 6,000 registered Monster users, covering general job market insight and sentiment.
Findings from the survey indicate job seekers believe employers maintain an upper hand in the hiring process. While 20% agree that employers are willing to provide higher compensation, a substantial majority (80%), indicate that employers are providing about the same or less compensation than a year ago. On a more positive note, 42% of respondents agree that employers are willing to provide the necessary time and training needed to support candidates in their job. In addition, just over one half (53%) of job seekers feel their skills and abilities are understood by employers.
"While the survey indicates high levels of confidence among respondents in finding a job within the next 12 months, seekers are up against a competitive job market with 73% reporting the market is saturated by qualified people in their area of expertise," said Jeffrey Quinn, Vice President of Monster's Global Insights. "It is also interesting to see that more than half (53%) of the respondents are willing to relocate for the right opportunity which indicates an acknowledgement of a high degree of flexibility possibly required to find a new position."
The survey results also reveal a wide diversity in current levels of job satisfaction among employed job seekers by profession, with engineers and finance professionals expressing the most satisfaction among the pool of surveyed talent. Conversely, employed job seekers less satisfied and more likely to be actively job searching include workers in customer service, manufacturing, skilled trades, and education.
An analysis of job confidence by profession indicates job-seekers in information technology, sales, management, and engineering are more confident about acquiring a job. Continuing with lower job satisfaction sentiment among those employed in administrative, education, and customer service are among the least confident in their ability to find a new job.
About the Survey
From the unique perspective of the job seeker, the Monster 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.
Methodology
Monster's study "U.S. Workforce Talent" 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. (NYS: 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.
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Monster Worldwide
Kristen Andrews, 978-461-8089
kristen.andrews@monster.com
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