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News & Features

Lots of employees on lookout for new jobs

Virginia Business
November 2005

READER RESOURCES
READER REACTION

Even when people are satisfied, many of them check out opportunities for new jobs. According to a recent nationwide survey of working adults by University of Phoenix, more than two-thirds of the 2,500 people contacted, or 67 percent, said they are looking for another job.

These workers are sending resumes, interviewing with companies, surfing job boards and pursuing new skills or an education in preparation for a job move — actions that seem to fly in the face of job contentment. A majority of the respondents, 76 percent, said they are satisfied at their current place of employment.

The reason cited most frequently for a job change was better pay, 58 percent, followed by no opportunities for advancement, 47 percent, and the desire for a position of greater responsibility (26 percent). Other survey highlights:

On Phoenix University’s campuses in Virginia — in Northern Virginia and Richmond — working adults take courses online and in the classroom that will improve their current job situation.

The average student is 34, has 10 years of work experience and has been out of school for 10 years. The most popular undergraduate degree is business management. At the graduate level, it’s an MBA (masters in business administration). Workers frequently return to school following some type of trigger: “Whether it’s a missed promotion, a new child, there’s something that makes them realize that in order to advance, they need a degree,” says Travis Allen, director of the Richmond campus.

His take on the survey is that it reflects changes in today’s work culture. “The average professional changes their job seven times in the course of a career. People are always looking … and it’s easier to look today, without going out and seeking, because they can post a resume on a career board. People in general feel they need to look after their best interests.”

Some of the survey highlights:

• One third, 34 percent, of the respondents plan to change employers within the next three years. Statistics are higher among Generation X (ages 26-39) and Y (ages 18-25) workers, at 45 and 55 percent respectively.

• Employees say the best parts of their current job are co-workers and good management, 26 percent, followed by flexible hours, 14 percent.

• Stress and low pay tied as the worst parts of the job, followed by upper management
and co-workers.


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