Workers Looking for More Money or New Job This Year

by Travis Laird

Labor data shows hiring remains strong in Phoenix. With 11.3 million job openings in May, workers are leveraging the robust job market and continued talent shortage to their advantage. Workers continue quitting in search for better pay, better career opportunities and remote work options. Our recent survey of more than 2,400 U.S. workers shows 4 in 10 (41%) workers are considering a job change in the second half of 2022. In Phoenix, that number was a bit lower, at 29%.

The top motivators Phoenix workers noted for wanting to jump ship were more pay (55% of Phoenix workers want more money); greater opportunities for advancement (35%); feeling burnout with current role (28%); 9 in 10 Phoenix workers (89%) feeling confident about their skill set and marketability; and Phoenix workers seeking fully remote jobs first (52%), but are open to hybrid roles (45%).

According to our research, the top reasons for launching a job search vary across groups and cities. Phoenix ranked higher than the national average on workers feeling confident about their skill set, which shows just how confident Phoenix workers are on their marketability. While money is a top motivator for making a career move, some professionals prioritize other things, like career advancement opportunities and remote work flexibility, which Phoenix employers must consider when implementing recruiting and retention strategies. 

It’s still very much a job seeker’s market and the struggle for talent continues. The unemployment rate for many of the specialties we place are well below the overall unemployment rate (3.6% in May). Skilled professionals are apt to make career moves in any environment — and even more so today. Hiring managers must move through the hiring process quickly or they will lose out on top talent. Phoenix companies must work harder to attract and retain the talent they seek. This includes providing fair and competitive wages, investing in employees, offering career development and training, and fostering a culture of flexibility. 

Travis Laird is the senior regional director for global talent solutions and business consulting firm Robert Half.

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