Job hopping. The predictions about this phenomenon have become, well, predictable. Every January, jobseekers and employers alike hear the same forecast: that THIS year is the “year of the job hopper.”
With unemployment at a 17-year low and wage growth rising only incrementally, 2018 was ripe for similar proclamations, and true to form, experts envisioned a year in which workers would be continuously updating their resumes and abandoning their current jobs to hop over to the next big opportunity.
But do the job-hopping statistics match the predictions? For that matter, have any of these predictions about job hopping over the last several years come to fruition? LiveCareer decided to find out.
The Job-Hopping Epidemic: A Critical Problem or Overblown Hype?
The Job-Hopping Epidemic is Real
A recent study by Gallup found that almost half of the workforce is convinced that now is a good time to find a better job. In fact, that study of job-hopping statistics found that more than half of respondents said that they are actively searching for new jobs or watching for openings.
The Job-Hopping Epidemic is a Myth
An article in Wired compares job-hopping statistics today to what they were in the 1950s. Their findings? Workers change jobs 62 percent less today than they did between 1950 and 2000. The same article also found that the median job tenure today hasn’t changed much since the 1950s.
Just like in part one of our three-part series on job market dynamics, Bridging the Skills Gap, our 2018 Job-Hopping Analysis took a “big data” approach to analyzing thousands of resumes and job ads across 12 designated occupations to determine whether job hopping is a growing problem in the workforce.
To do so, we examined several factors that could potentially impact jobseeker behavior, including age and education levels, to reveal key insights about job hopping and retention in 2018.
The 12 Occupations
Customer Service Representatives
1946 – 1964
1965 – 1980
1981 – 1997
1998 – Present