While we hope a recession stays at bay, experts predict there’s still a
96% likelihood of one happening in the next year. Due to this economic uncertainty, today’s employees are striving to ensure they are indispensable within their industry.
In fact, Cengage Group (global edtech co.) just released
a new report surveying Americans who quit their jobs during the Great Resignation (June 2021 - June 2022) – and despite recent economic shifts, Resigners are still confident in their decision to leave their previous positions:
- 81% of Great Resigners have no regrets about quitting and 85% are satisfied in their new role
- Half (50%) of Great Resigners switched industries they work in
Part of the reason Resigners are so content in their current role is that their new employer is invested in their professional development:
- 64% of Resigners said their current employer offers employer-paid online training or upskilling opportunities
- 67% of Resigners took an online training course or certificate program to improve their standing in the job search, and 89% said the training positively influenced them to land their new job
However, the possibility of a recession continues to cause some to worry about job stability:
- 71% of Great Resigners worry that a potential recession could impact their current employment status
- 90% said they would switch industries if their job was eliminated
- 76% of Resigners plan to make themselves more marketable in order to avoid a potential layoff by taking an online training course or certificate program to broaden their skills
You can find
the press release on this report here. Any interest in connecting with a Cengage Group exec to discuss the findings, as well as how a recession could affect the 2023 workforce? Michael can also share insight on the necessary steps to improve job stability and mobility.
