Job Seekers Report Higher Confidence in Finding Next Job, yet Challenges Remain
Job Seekers Report Higher Confidence in Finding Next Job, yet Challenges Remain
Monster's Mid-Year Workforce Talent Survey Reveals Increasing Optimism Among Job Seekers
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 its mid-year Workforce Talent Survey focusing on job seeker confidence in finding a new job. The results indicate that current job seekers have an overall positive outlook with over half (53%) of those surveyed feeling confident that they could secure a new job within the next 10-12 months, while only 15% are not confident at all.
Further, the change in sentiments of Monster job seekers over the past six months is striking:
1. 34% of job seekers said they were not finding jobs for which they were qualified, improving from 47%
2. More job seekers (43%) believe there are more job openings now than a year ago, up from 38%
3. Nearly half (49%) of job seekers are struggling to find a job that matches what they want (e.g., salary, location, etc.), improving from 56%
4. Fewer job seekers (67%) agree that it is more challenging to find a job, improving from 77%
5. 47% are discouraged from the lack of contact from employers, improving from 57%
6. 51% feel their skills and abilities are understood by employers; down slightly from 53%
This positive employment outlook is supported by the fact that employed job seekers are motivated to seek jobs that may require them to relocate. Nearly three quarters (72%) of respondents would be willing to relocate for the right position.
"This trend in optimism among job seekers may be indicative of an improving economy," said Jeffrey Quinn, Vice President of Monster's Global Insights. "These findings are consistent with the Bureau of Labor Statistics published this summer. In the Bureau's reports, we saw unemployment decrease steadily in June, July and August. As demand for employees increases so will job seeker confidence."
Despite being increasingly confident, the survey suggests that job seekers still have some reservations. A majority of respondents (77%) believe that the market is saturated with qualified people in their specialty, which has increased slightly when compared to the 73% of respondents who shared this sentiment six months ago, while the percentage of seekers who agree that employers are willing to provide the necessary time and training needed to support a position reduced from 42% to 35%.
About the Survey
From the unique perspective of the job seeker, the Monster Mid-Year 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. This is the first significant finding of Monster's Workforce Talent survey of more than 1,800 registered Monster users, covering general job market insight and sentiment.
Methodology
Monster's study "U.S. Workforce Talent" surveyed more than 1,800 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 June 24, 2013 to August 8, 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
Caroline Nussbaum, 646-248-1390
caroline.nussbaum@monster.com
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