High number of Americans intend to switch jobs within the upcoming year, according to a recent poll
In a rapidly evolving economic climate, the workforce is experiencing significant changes, according to a series of recent surveys by Bankrate.
Mark Hamrick, Bankrate's chief economic analyst, suggests that these shifts might be due to the ongoing inflation. He notes that the pressure caused by inflation is leading to an inclination among workers to look for a new job or ask for a raise.
Moreover, Hamrick points out that more than a quarter of the workforce, according to the same survey, express increased concerns about their job security compared to the start of the year. This trend is particularly prevalent in Germany, where nearly half of full-time workers are planning to job hunt in the next year, and one in four workers plans to start their own business in the next 12 months.
These workers are driven by factors such as increased job dissatisfaction, desire for financial independence, and opportunities in digital and sustainable sectors.
Hamrick advises workers to prepare for a potential job search, even if they are only considering it. He suggests that there are steps they can take in advance, such as building networks of contacts, both in person and online, like using LinkedIn.
In addition, Hamrick recommends workers to consider owning their job, not just renting it. This can be achieved by doing their best, maintaining a positive attitude, working towards promotions, and learning new skills like AI.
Hamrick also emphasizes the potential of small businesses, stating that the small business of today could end up being the largest business of the future. He encourages those considering entrepreneurship to take advantage of the opportunities in the digital and sustainable sectors.
In conclusion, the workforce is undergoing significant changes, driven by factors such as inflation and job dissatisfaction. Workers are advised to prepare for potential job searches and consider entrepreneurship, while keeping in mind the importance of networking and continuous learning.
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