PHILADELPHIA, October 11, 2012 – Despite a tough job market, only 14% of laid-off employees relocated to take a new position this year, according to a study by Right Management, the talent and career management expert within ManpowerGroup.
Right Management reviewed data on nearly 7,000 job seekers throughout North America who received outplacement services by the firm during the first eight months of 2012.
“Growing popularity in working virtually and the fact that many companies are embracing flexible work models could attribute to why so few employees are relocating in today’s tight employment market,” said Monika Morrow, Senior Vice President of Career Management for Right Management, which provides talent, career and outplacement services to Fortune 500 companies.
In addition, there are good reasons why more job seekers don’t want to relocate, noted Morrow. “There are invariably conflicting pressures. On the one hand there are family issues, kids in school and perhaps an employed partner. On the other there’s the job offer itself, which may be attractive in terms of opportunity and compensation. But most job seekers are just reluctant to pick up and relocate, especially for mid-level managers and professionals.”
Even though the weak job market, noted Morrow, has compelled individuals to look outside their own area or region for new employment, an individual may be unable to sell a home in a timely manner or at the fair price.
Morrow advises individuals considering relocation to make sure their decision reflects their goals and values. “Determine what’s most important in your life. Relocating may be a poor choice for some people, but for others it may be a wonderful adventure. Although if done for the wrong reasons relocation could be costly and disruptive, the opposite of what you were hoping to accomplish. Career coaches help individual weigh the choices.”
As a rule, a job seeker will accept a new position that requires a move when the offer is generous or the opportunity compelling, Morrow said. “There are always risks. Nevertheless,
relocation is a fact of life and a common aspect of the flexibility needed in today’s workforce and the choices individuals make.”
While 14% is an average that has held constant in recent years there typically is substantial variation from market to market, according to the firm.
About Right Management
Right Management is the global leader in talent and career management workforce solutions. As the workforce consulting experts within ManpowerGroup, the firm designs and delivers solutions to align talent strategy with business strategy. Expertise spans Talent Assessment, Leader Development, Organizational Effectiveness, Employee Engagement, and Workforce Transition and Outplacement. With offices in over 50 countries, Right Management partners with companies of all sizes – including more than 80% of the Fortune 500 – to help grow and engage their talent, increase productivity and optimize business performance.
