Emerging Work Trends
The New Work Ethic
One Life - One Job: A job for life is a thing of the past. It has become common for people to re-invent themselves several times in the course of their careers; individuals are becoming their own "brands."
- The average person holds 8.6 different jobs between the ages of 18 and 32. [Bureau of Labor Statistics]
- Ironically, the average median tenure for traditional workers is now under five years, while the typical independent has been working for themselves for nearly eight years. [Bureau of Labor Statistics]
- One out of every two workers would choose
a new line of work if they had a chance. [Wall Street Journal/ABC
Poll]
Employers don't value or reward loyalty the way they used to. They value talent. Corporate America is in desperate need of talented people.
- A recent survey found loyalty ranked near the very bottom of attributes employers value, where as attributes reflecting talent topped the list. [Source: Vault Reports Inc.]
- 75% of top corporate executives surveyed
said that their companies are either chronically short or suffer
talent droughts. [McKinsey & Co.]
Workers are now asking for what they really want - control over their professional lives.
- People are starting home businesses at a rate of two million per year. [Bureau of Labor Statistics]
- Between 1991 and 1997, the proportion of American workers with flexible schedules increased from about 15% to about 28%. [Bureau of Labor Statistics]
- One in four Americans said they would like to fire their boss. [Gallup Poll: 1997]
- 84% of independents said they preferred being independent to traditional job arrangements. [Bureau of Labor Statistics]
- Over 75% of independents said their work style was a matter of personal choice, not economic necessity. [Bureau of Labor Statistics]
- Workers with little autonomy are 70% more
likely to die from heart disease than those with high levels of
control. [Johns Hopkins University]
The number of Independent Professionals is on the rise.
- According to the Bureau of Labor Statistics, over 10 million workers are self-employed. Yet, other expert sources estimate that total population of independents could run as high as 25 to 30 million individuals.
- 84% of independents said they preferred being independent to a traditional job arrangement [Bureau of Labor Statistics]
- Independent contractors earn 15% more than
their counterparts in traditional jobs [Bureau of Labor
Statistics]
The Internet is the medium of choice for employers and job seekers, equipping them with an effective tool to compete in this fast-paced market.
- 70% of all active job seekers said that they preferred the Internet to other methods, including job fairs and agencies [Thompson Specialized Communication Group]
- 70% of U.S. companies are using the Internet to recruit. [American Management Association]
- 82% of this year's college graduates will
use the Internet to search for employment [CyberAtlas]