Aerotek, a leading talent solutions provider specializing in placing light industrial and skilled trades talent in the manufacturing, logistics, construction, aviation and facility management industries, has released its Fall 2023 Job Seeker Survey, which provides key insights from job seekers about current issues impacting the workforce. Job seekers reported a difficult climate for finding work as they dealt with worsening financial situations heading into the new year.
The survey garnered responses from over 1,500 job seekers across a diverse array of industries, providing insights into the circumstances and challenges job seekers are facing.
Job Seekers Are Working Harder, Spending More Time Finding Jobs
A majority of job seekers polled indicated their job hunts were shaping up to be harder than they expected.
Over 70% of job seekers said they felt they needed to exert more than an average amount of effort to find a job in this economy, and 67.7% felt their current job search was more difficult than their last one.
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Q: How much effort do you feel you need to exert to find a job in this economy? |
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More Than Average |
70.85 % |
|
Average |
26.55 % |
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Less Than Average |
2.6 % |
Based on their experience over the last three months, a majority of job seekers — 53.6% — said they thought employers have slowed down the hiring process. Just 13.5% thought the hiring process was faster, while 32.9% thought it was what they expected.
When asked to pick just one motivator as most important, pay still reigned for job seekers answering Aerotek’s survey. But since Aerotek’s Summer 2023 Job Seeker Survey, those answering that the most important motivator for them was pay (30%) declined by 6.9% while those answering job security (18%) increased 0.8%.
Job Seekers Indicate Financial Struggles, Point to Economy/Job Market as Most Significant Challenge
More than 74% of job seekers reported their financial situation was the same or worse compared to this time in 2022. That number was down slightly from Aerotek’s Summer Job-Seeker Survey, when 77.3% of job seekers reported the same or worse financial situation.
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Q: How would you describe your financial situation compared to this time in 2022? |
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Summer 2023 |
Fall 2023 |
|
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Better Than 2022 |
22.7 % |
25.4 % |
|
Same as 2022 |
36.0 % |
28.9 % |
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Worse Than 2022 |
41.3 % |
45.7 % |
Over 55% of respondents said the economy/job market was the most significant barrier or challenge they were facing in their job search.
Performance Feedback Leads to Higher Job Satisfaction
Job seekers who reported that they received performance feedback in their most recent job were more likely to indicate that they enjoyed the work and their employer at the time, and that they had a more positive view on work in general.
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