Wednesday, May 24, 2006

Voluntary turnover creating opportunities

The May issue of Business 2.0 features The Next Job Boom. Along with the standard lists of jobs in demand and fast-growing markets, I found a reference to a market indicator I've been looking for since the tech bust: an increase in voluntary turnover.

Help wanted: What the numbers say
Unlike previous job booms, this one isn't being driven primarily by the creation of new jobs. Instead, it is the ever-growing number of people quitting their jobs—to retire, or increasingly, to seek out new opportunities—that has created openings which managers need to fill.

Exactly. People are beginning to see more opportunities in the market and are less motivated to hold on to their current positions at all costs. This is a much better indicator than official unemployment numbers.

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