Job Seekers Emboldened Amid Labor Shortages: Half of Employed Job Seekers Expect Their Employer to Counter Outside Offers
03 Mai 2022 - 5:00PM
Business Wire
ZipRecruiter Unveils New Monthly Job Seeker
Confidence Index, a Look at Americans’ Beliefs About Their Ability
To Land Their Dream Jobs
Today ZipRecruiter unveiled its inaugural Job Seeker Confidence
Index, a new monthly report based on a nationally representative
survey that measures how optimistic or pessimistic job seekers are
about their ability to land their preferred jobs. Increased
confidence is an indicator of future growth in wages and labor
force participation. Despite weakening slightly, job seeker
sentiment remains high in April, buoyed by a market that has been
extraordinarily tipped in favor of job seekers amid labor
shortages. According to the new survey data, 44% of job seekers who
hope to find a new role in the next six months already have at
least one offer and almost 50% of employed job seekers expect their
current employer will make a counteroffer if they resign. Job
seekers are also more likely to think the number of jobs in the
economy will grow over the next six months (32%) than decline
(18%).
“This detailed look at the labor market from the candidates’
perspective shows job seekers are confident and increasingly aware
of their own bargaining power,” said Ian Siegel, ZipRecruiter
Co-founder and CEO. “With over 17 million candidate applications
delivered every month1, we are in a unique position to know what
job seekers want and how it is evolving in real time. Our new
national monthly report aims to provide rich data on details the
national statistics miss—job seekers’ hopes and dreams, their
self-confidence, their negotiating power.”
Additional Highlights Include:
- The Job Seeker Confidence Index stands at 100.7 points, down
2.3 points in April as nationwide job openings plateaued and rising
inflation caused wage growth expectations to dampen.
- There was a slight decline in confidence among job seekers that
they will find:
- Better-paying jobs (optimism score down slightly at 92.7 from
103.3 points in March)
- A great job they like (95.8 down from 102.8 in March)
- Among hourly workers, the average reservation wage (the lowest
wage job seekers would accept to take a job) rose 4.2% to $22.02 in
April from $21.13 in March.
“Consumer confidence is slumping as inflation climbs. Homebuyer
confidence is at an all-time low amid high prices and rising
interest rates. But the odds are still tilted in favor of job
seekers in the labor market—the greatest job seeker’s market of all
time,” said Julia Pollak, ZipRecruiter Chief Economist.
Every month, ZipRecruiter will publish a new JSCI report
highlighting the state of job seekers’ preparedness, finances, and
expectations as they search for their new roles. Current and future
reports, and additional information regarding survey methodology,
can be found at ziprecruiter.com/job-seeker-confidence.
About ZipRecruiter:
ZipRecruiter® (NYSE: ZIP) is a leading online employment
marketplace that actively connects people to their next great
opportunity. ZipRecruiter’s powerful matching technology improves
the job search experience for job seekers and helps businesses of
all sizes find and hire the right candidates quickly. ZipRecruiter
has been the #1 rated job search app on iOS & Android for the
past five years2 and is rated the #1 job site by G2.3
Visit us at ZipRecruiter.com and ZipRecruiter.com/blog.
1 ZipRecruiter Internal Data, monthly average Jan. 1 to Dec. 31
2021 2 Based on job seeker app ratings, during the period of
January 2017 to January 2022 from AppFollow for ZipRecruiter,
CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. 3 Based on
G2 satisfaction ratings as of January 1 2022.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220502005314/en/
Corporate Communications: Julia Pollak Chief Economist,
ZipRecruiter press@ziprecruiter.com
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