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Inflation impacting 80% of profession choices in US workforce


August 22, 2022

Because of the present financial surroundings, 80% of the US workforce reported that inflation is impacting their profession choices, in accordance with a report by FlexJobs.

The report additionally discovered that inflation is at the moment an enormous consider profession choices for one-third of the respondents, whereas it’s both an element or a small issue for 46%; 17% cited that inflation isn’t driving their profession choices at current, and the remaining 3% had been not sure. 

Moreover, 73% of respondents mentioned recession issues are impacting their profession decisions, however to a lesser extent than inflationary pressures.

“It is comprehensible inflation strain, and recession fears are rising issues for almost all of at present’s employees,” mentioned Toni Frana, FlexJobs’ profession providers supervisor. “Nevertheless, hiring nonetheless occurs –– even throughout instances of financial uncertainty.”

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When requested how assured they’re of their capacity to discover a new job proper now, 45% of respondents reported they had been considerably assured, 26% mentioned they had been very assured, 17% mentioned they weren’t assured in any respect and 12% had been extraordinarily assured. 

When requested how assured they’re of their capacity to barter wage and advantages, 43% mentioned they had been considerably assured, adopted by very assured, 28%; not assured in any respect, 19%; and intensely assured, 10%.

Different findings:

  • 44% assume will probably be exhausting to get a distant job within the coming yr, and solely 33% assume will probably be straightforward. Nineteen p.c had been not sure, and the remaining 4% didn’t anticipate a change.
  • 25% have been laid off or know another person who has, whereas 18% have had a suggestion rescinded or know another person who has since April.
  • 43% mentioned it took them extra time to discover a job prior to now yr than of their earlier job looking out experiences, whereas 34% cited it took them much less time, and 23% reported no change.
  • 37% really feel very involved about job scams.
  • 16% regretted accepting a job provide because the pandemic started, whereas one other 16% know somebody that has regretted accepting a job provide because the similar interval. High causes embrace poisonous firm tradition, 28%; dangerous boss, 26%; felt disrespected/undervalued, 23%; too annoying, 23%; low or unfair pay, 22%; poor work-life steadiness, 21%.
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The FlexJobs’ Profession Pulse 2022 Survey ran between July 13 to July 31 and contains responses from 4,502 professionals.