1. Less experienced workers, who are earlier in their careers, are far more concerned about potentially losing their jobs in 2023 than more experience workers.
2. Less experienced workers, however, are also the cohort most inclined to believe that they will receive promotions and raises in 2023.
3. Less experienced workers are more likely to believe that they will make more money at the end of 2023 than they do at the start of the year.
DETROIT, Michigan – Feb. 7, 2023 – According to a report released by Employment BOOST, a full-service resume writing, corporate outplacement, and career services company, an overwhelming majority of Americans (86%) say they are not looking for a new job in 2023. More than half of respondents (54%) also expect to make more money in 2023.
The report, “New Year, New You,” spotlights the 2023 job market, which has been defined by technology layoffs, large-scale reductions in force and an ongoing struggle for midsize companies to find talent. The report found that less experienced workers who are earlier in their careers are more likely to capitalize on opportunities and take new positions, despite rising concerns of job stability amidst a recession, which likely explains why the “rage applying” trend is on the rise among young professionals.
In contrast, the survey indicates more experienced workers are more practical in a downturn case and less inclined to think about a new job in 2023. Workers who have been in the workforce longer – and likely older than less experienced workers – would also be willing to take less money if they are laid off in 2023, according to the report.
“More Americans are becoming aware of the repercussions associated with a potential economic recession, including inevitable layoffs,” said James Philip, Founder and CEO of Heavy Hitter Holdings and Employment BOOST. “With layoffs on everyone’s minds, people are rethinking rash decisions and holding onto their current jobs.”
The data also shows that nearly two-thirds of Americans (64%) believe that the country will go into a recession in 2023, amidst a backdrop of slowdowns in consumer spending and inflated costs. However, 54% of Americans are expecting to make more money by the end of 2023 than they went into the year making.
“We’re seeing that workers who have more experienced these economic shifts in the past exercise more caution and pragmatism, yet despite a job market defined by layoffs and large-scale workforce reductions, a sticky struggle for companies to find talent remains,” said Ryan Miller, Director of Client Success at Employment BOOST. “Whether it’s taking on new initiatives in your organization, transitioning to a more secure or better paying position, or planning for layoffs, the career landscape has taken a very different sentiment in 2023.”
To read the full report, please visit: https://employmentboost.com/articles/new-year-new-you-2023/
About the Survey
The Employment BOOST New Year, New You Survey was conducted between October 25 and November 20 and surveyed 400 U.S. workers. Respondents represent all 50 U.S. states with more weight applied to major metropolitan areas.
About Employment BOOST
Employment BOOST is a full-service resume writing, corporate outplacement, and career services company. With offices across the U.S. and a staff constructed of Certified Professional Resume Writers, Certified Professional Career Coaches, Certified Diversity & Inclusion Recruiters, Executive Search Consultants, and SHRM-CP, Employment BOOST is uniquely positioned to provide best-in-class guidance and consultation to professionals looking to advance in their careers.
+1 312 766 5508