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CHICAGO, IL Dec. 30, 2003-- Topping the list of New Year's
resolutions for four-in-ten workers is finding a new job in
2004, according to a new CareerBuilder.com survey. Workers are
motivated by the desire to find a more satisfactory work
experience, make more money and advance their careers. The
survey, "Plans for 2004," was conducted from November 18, 2003
to December 4, 2003 of more than 1,900 workers.
Nearly one-in-four workers (24 percent) say they are generally
dissatisfied with their jobs. Although this is an improvement
over the 29 percent who said they were dissatisfied in a
survey completed in December 2002, more workers today are on
the prowl for a new job opportunity compared to a year ago.
Thirty-five percent of workers said they planned to change
jobs in 2003 compared to 40 percent of workers planning to
find new positions in 2004.
"One-in-two workers say they feel optimistic about the economy
in 2004 and 41 percent expect their job prospects to become
more abundant in the coming year," said Matt Ferguson,
president and chief operating officer of CareerBuilder.com.
"Workers plan to capitalize on an improved economy and seek
out opportunities that will increase pay scales and propel
their careers forward. After enduring layoffs, heavier
workloads and postponed raises, workers expect to be
compensated fairly and competitively with salary increases,
bonuses or promotions."
Sixty percent of surveyed workers did not receive a bonus in
2003 and 40 percent did not receive a salary increase. The
vast majority of workers received a salary increase of five
percent or less and only 18 percent received an increase of 10
percent or more. Of those who did receive a salary increase,
45 percent indicated that the amount did not meet their
expectations. For these workers, 46 percent plan to change
jobs next year.
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Nearly four-in-ten workers (39 percent) report dissatisfaction
with opportunities for career advancement at their current
jobs with 82 percent stating they did not receive a promotion
in 2003.
"The lack of a promotion figures prominently in how workers
feel about their jobs," said Ferguson. "Receiving a promotion
enables workers to gain additional experience, obtain public
recognition for a job well done and advance their careers. For
workers who were overlooked for a promotion in 2003, only 27
percent are satisfied with their jobs and 65 percent plan to
find a new position in 2004 rather than wait for a promotion
at their current place of employment."
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For workers looking to make a fresh start in 2004,
CareerBuilder.com offers smart online products to target job
searches for salaried and hourly positions. The site gives job
seekers the choice to search by industry, location and job
type, and provides online career assessments, coaching for
interviews and tips for salary negotiations. Job seekers can
indicate their work preferences, education and experience and
have jobs automatically emailed to them. Interested employers
can review job seeker profiles and contact qualified
candidates directly.
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More than 30 Percent of Hiring Managers
Plan to Add New Jobs in 2004
Thirty-two percent of hiring managers will recruit to
expand operations, improve customer service or support the
launch of new products and services while 52 percent will be
replacing workers who have left voluntarily or were laid off.
The CareerBuilder.com survey, "Plans for 2004," was conducted
from November 18, 2003 to December 4, 2003 and included more
than 400 hiring managers.
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"Recruitment trends are tied to confidence in the economy and
56 percent of hiring managers expect the economy to improve in
2004," said Matt Ferguson, president and chief operating
officer of CareerBuilder.com. "While more than half of hiring
managers will be focused on employee turnover in the coming
year, what is encouraging is that almost one-third will
recruit to expand their business, introduce new products and
services or enhance customer relations. After two years of a
relatively flat job recovery, this is a positive indicator
that job creation is on the rebound."
As hiring strategies become more aggressive, so do overall
investments in recruitment. Nearly three-in-ten hiring
managers plan to increase their recruitment budgets in 2004 to
find the right people to support revenue and performance
goals.
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Finding the right people can be challenging. Although 56
percent of hiring managers are currently filling open
positions in 30 days or less and 30 percent are filling them
in 14 days or less, a significant amount are having trouble
zeroing in on relevant candidates.
A candidate's experience remains key in the selection process
for hiring managers. For almost four-in-ten hiring managers,
it is the appropriateness of the candidate's experience that
is the most important factor influencing their hiring
decisions. Hiring managers also regard the demonstration of
professional behavior during the selection process (17
percent) and the level of enthusiasm showed by the candidate
for the job opportunity (12 percent) as important factors.
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EMPLOYEE SURVEY
METHODOLOGY
The employee survey, "Plans for 2004,"
was conducted from November 18, 2003 to December 4, 2003 of
more than 1,900 employed full-time workers. To collect data
for the survey, CareerBuilder.com commissioned SurveySite to
use an e-mail methodology whereby individuals who are members
of SurveySite Web Panel were randomly selected and approached
by e-mail invitation to participate in the online survey. The
results of this survey are accurate within +/- 2.23 percent
(19 times out of 20).
EMPLOYER Survey Methodology
The employer survey, "Plans
for 2004," was conducted from November 18 to December 4, 2003
of more than 400 hiring managers. To collect data for the
survey, CareerBuilder commissioned SurveySite to use an e-mail
methodology whereby individuals who are members of SurveySite
Web Panel were randomly selected and approached by e-mail
invitation to participate in the online survey. The results of
this survey are accurate within +/- 4.79 percent (19 times out
of 20).
About CareerBuilder.com
Together with Gannett Co., Inc. (NYSE:GCI) , Tribune Company (NYSE:TRB)
, and Knight Ridder, Inc. (NYSE:KRI) , CareerBuilder.com
includes the Web's top newspaper sites -- the most trusted
employment sources in recruiting.
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