Wednesday, June 8, 2011

Turnover at the Workplace is on the Rise

A year ago, Washington marketing associate Tara Miller felt lucky just to have a job in her field.
So while she wanted to work in Baltimore -- where she could be closer to her boyfriend -- Miller stayed put at her job in D.C.
But by March of this year, she was feeling antsy.

"I was poking around and ended up seeing some openings," including an account executive position at Himmelrich PR in Baltimore, Miller said.

"I threw in my resume and ended up getting it," she said. "Now I can say I have a job I always wanted."
As hiring begins to pick up, workers who held onto low-paying, unfulfilling or bad jobs through the recession are starting to test the job market, workplace experts say.
"It's no secret there's a lot of pent-up frustration in the workplace and that many ... employees have been floating their resume," said Ron Sims, head of the talent management practice in the Mid-Atlantic region for Right Management, a division of ManpowerGroup.
As the number of openings increases -- the job-search website said postings in May had jumped 10 percent over the previous year -- surveys show that employers are increasingly worried about losing top talent.
One-third of employers are concerned that top performers will look for new jobs as the economy improves, CareerBuilder reported in its second-quarter forecast. Fourteen percent said top employees had left in the first quarter.

Nearly a third of workers, meanwhile, are planning to look for a new job, CareerBuilder reports.

"We do know from past recessions and post-recessions that as more jobs become more plentiful, there's more movement, and as there is more movement there is more turnover for each individual organization," said Beth N. Carvin, chief executive of Nobscot Corp., which works with employers to retain workers.
Carvin says up to 60 percent of currently employed workers could be waiting for a new opportunity elsewhere.
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