Benefits July 27, 2001

Job Changers Increase in Q2

July 27, 2001 (PLANSPONSOR.com) - By choice or otherwise, one in five working Americans changed employment status during the second quarter, according to a new survey.
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That’s up noticeably from the 11.3% in the first quarter, according to the latest Lee Hecht Harrison Career Mobility Index.

Status Changers

Of those whose employment status changed in the second quarter, 5.2% were “downsized”, nearly twice the 2.8% who lost a job in the first three months of the year. However, half of those have already found new employment.

Among other job changers:

  • 6.0% left their employer voluntarily for a new job, compared with 4.6% in the first quarter
  • 4.6% worked for the same employer in a new position, compared with 4.0% a quarter ago
  • 3.2% retired
  • 1.1% became self-employed

The Index is based on a quarterly telephone survey commissioned by global career services firm Lee Hecht Harrison.

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