Employers could be facing a talent exodus, according to a new survey by DSJ Global. While 50% are confident or very confident in their job security, only 36% of global respondents say they are likely to stay with their current employer in the next few months. Despite a gloomy outlook on the economy and job market, many want to leave to pursue a higher salary or better career progression opportunities.
These findings come from the DSJ Global Job Confidence Index 2020, which measures confidence in the supply chain labor market across industries, including banking and financial services, aerospace and defense, automotive, fast-moving consumer goods, chemical and life sciences. The index reports on professionals’ confidence in the economy, holding or getting a job, their compensation and bonus, and whether the normal push-and-pull factors in employment have changed.
“In this climate, it can be difficult to grasp what current and potential employees are thinking and feeling. The Job Confidence Index provides some clarity and reveals that talent retention is a critical issue right now,” says Luis Rolim, Group Marketing Director at DSJ Global.
Key findings include:
• Job market blues. Two in five respondents (43%) feel negative or very negative about the current job market.
• Back-up plans. Only 44% are confident or very confident they could find another job in the next three months if they became unemployed.
• Feeling good. Half of respondents (48%) are satisfied with their current job. A quarter (28%) report feeling unsatisfied or highly unsatisfied.
• Out the door. Despite this, only 36% say they are likely or very likely to stay with their current employer over the next six months.
• Climbing the ladder. The majority would move to progress their career (60%) than pursue a higher salary (53%)
• Packing up. For the right job, the majority of U.S. respondents (69%) would move to another region. The South-East region is the most popular choice for relocation (27%).
Methodology: The DSJ Global Job Confidence Index surveyed over 650 experienced supply chain professionals via an online survey and consultant follow up. The survey ran in Asia Pacific between February and March and in Europe, the Middle East, and the United States between March and May 2020.
