Aerotek, a trusted staffing and workforce management solutions partner, has released its Summer 2023 Job-Seeker Survey, which provides key insights from job seekers about current issues impacting the workforce. Findings show job seekers are facing concerning economic challenges and ongoing frustrations with the labor market.
The survey garnered responses from over 1,400 job seekers across a diverse array of industries, providing insights into the impact of economic factors on individuals’ professional lives. A staggering 70.7% of respondents have not received a pay raise based on inflation in the past year, despite the rising cost of living. Adding to that concern, an overwhelming 77.3% of respondents have indicated that their overall financial situation has worsened or stayed the same since 2022.
The Top 5 Most Important Motivators When Deciding to Accept A New Job
Motivator | Percent of respondents who viewed the motivator as important
|
Pay |
86.4 % |
|
A Positive and Supportive Company Culture |
83.7 % |
|
Job Security |
83.2 % |
|
Potential for Career Advancement |
77.7 % |
|
The Work Is Interesting or Challenging |
60.9 % |
Based on Aerotek’s survey findings, “Job Security” is increasingly an important factor job seekers are considering when deciding to accept a new job. The share of job seekers who chose job security as the most important motivator when deciding to accept a new job rose to 18%. This is up from 14.3% in Aerotek’s spring survey and 15.3% in its Q4 2022 survey.
Job Seekers Remain Hopeful Despite Market Worries
Compared to respondents of Aerotek’s Spring Job-Seeker Survey, job seekers reporting full-time employment decreased from 59% to 48%, while the share reporting to have been laid off in the last three months grew from 3.2% to 6.1%. These findings emphasize the evolving dynamics of the employment landscape, in which 53.8% of job seekers stated they view the economy and/or job market to be the most significant barrier or challenge in their current job search.
Still, a majority of job seekers — 62.7% — say they remain hopeful that they will find a job that matches their goals and skills in the next three months. And when they have work, they enjoy the work. When asked to describe their feelings towards their current or most recent jobs, 65.4% of respondents say they enjoyed the work and the employer.
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