What is the Job hopping trend and why are employees always looking for their next job opportunity.
In the United States, around every four out of ten employees agree they are always looking for the next job opportunity, posing a significant retention challenge for HR while also providing a remarkable opportunity for talent acquisition efforts. In October 2015, ManpowerGroup Solutions, a Milwaukee-based recruitment process outsourcing (RPO) firm, polled 4,479 job seekers from five influential employment markets around the world such as Australia, China, Mexico, the United Kingdom and the United States. According to the findings, 37 percent of employees are always looking for their next job opportunity. Nearly 1,300 respondents were from the United States, where 18 percent said they had applied to three to nine jobs in the previous six months and 7 percent said they had applied to more than fifteen jobs.
According to Manpower, rising participation in alternative forms of employment such as freelance and contract work in the United States may be the reason for the country's higher prevalence of job hopping when compared to the other countries surveyed. Only Mexico had a higher percentage of self-proclaimed job hoppers, with half of those polled saying they are always looking for their next job. Kate Donovan, senior vice president and global RPO president at ManpowerGroup Solutions stated that continuous candidates are the new normal and employers who deny this phenomenon risk falling behind in the global race to recruit and retain top talent. According to Donovan, research shows that older Millennials with more work experience are more likely to be looking for work on a regular basis while seventy percent of those aged 25-34, compared to 30 percent of those aged 18-24, said they are always looking for the next opportunity. After compensation, opportunity for advancement is cited as the most important reason employees look to change jobs.