Relocation rate at three-year high, as desperate job seekers take more risks
An increasing number of job seekers are now willing to move for a new job, matching the 2006 level of 18.2% according to a new study released by Challenger, Gray & Christmas. Afraid of realizing declining home resale values, uncertainty the new positions will stand the test of time, plus the decline in company-paid relocation expense drove relocation rates to a record low of 8.9% in the first quarter of 2008.
“While job seekers are no less likely to lose money on the sale of their home and the job market is only marginally more stable than it was six months ago, the overwhelming desire to get back to work appears to be outweighing the perceived risks,” they said.
Although relocation rates are not expected to reach the highs of the 1980’s and 90’s (the record was 49.2, set in Q2 of 1986), the trend seems to reflect the extraordinary levels of competition across the current job search market.
Read the full article on TalentManagementTech.com (http://www.talentmanagementtech.com/community/articles/2559_latest_job_search_stats_show_increased_relocation.html).
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