National Study Reveals Tenure and Salary No Longer Define Career Success
Survey of 11,000 job seekers finds that job hopping and personal pride are the hallmarks of modern success
KING OF PRUSSIA, PA – September 22, 2016 – Beyond, The Career Network, today announced results from a national survey of more than 11,000 job seekers, which revealed that traditional markers of success such as salary and company tenure aren’t as relevant to today’s workers. According to the survey—which was evenly split between employed and unemployed job seekers, a strong majority (77%) believe they have achieved career success. The top reason cited was pride in their work (48%), which ranked well above money (2%) as an indicator of success. Results also showed that tenure at one job is an anomaly; in fact, only 8% of respondents who feel they’ve achieved career success have worked for just one company.
This study found that today’s job seekers are impatient. While a few decades ago many professionals might have believed that they had to pay their dues and not switch jobs too frequently, many today are willing to switch to a more satisfying occupation in as soon as half a year. Respondents (46%) said that six months to one year was an appropriate amount of time to “stick out” a job if it doesn’t make you happy. Additionally, the survey found that job hopping served as a more useful tactic to obtain career advancement than working for a promotion. When asked how their current situation would change within the next six months, more job seeker respondents said they will probably leave their current jobs for a new opportunity (35%), over earning a promotion (7%).
“The days of building a career from the ground up, staying with one company and advancing up the corporate chain are long gone. That career trajectory is dead,” said Joe Weinlick, senior vice president of marketing at Beyond. “Today’s job seekers are impatient and expect jobs to be both financially and personally rewarding. If companies want to keep employees for the long-term, they must offer more than a paycheck. They need to foster an environment where employees can thrive and feel like they truly matter.”
Despite job seekers citing a positive change from employer-sponsored educational programming (attending workshops, conferences and job shadowing), many workers are not given the opportunity to participate. When asked “does your current or most recent employer offer any career development?” an overwhelming 60% said no. Yet, of those who replied that they have participated in career development programs, 50% said their overall work performance has improved, and of the same segment, 32% said they are more confident in their work.
Additional findings from the survey show:
The majority of Millennials aren’t too career-concerned for the time being. When asked what they would prefer in the short-term, only 42 % of millennial respondents said they’d prefer a “career”, while the other 58% said they’re happy with a “job”. In contrast, Gen X respondents indicated that a “career” is ideal, even in the short term (56%).
- Mentors are important for career success. The majority of respondents (87%) with mentors believe their careers have been successful.
Beyond, The Career Network, helps millions of professionals find jobs and advance their careers, while also serving as the premier destination for companies in need of top talent. Founded in 1998, Beyond gives its members a central location to search for millions of jobs and engage with original and curated career content from over 1,400 sources. Beyond’s network of 500+ talent communities use integrated social features to help members discover relevant career news, advice and resources. Beyond was included in Inc. Magazine’s ‘Inc. 500’ list and is a Safeguard Scientifics, Inc. (NYSE: SFE) portfolio company. For more information, please visit: www.Beyond.com.