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May 14, 2010

HR Fact Friday: Employees Ready to Settle Down

Filed under: General HR Buzz — Tags: , , , 7:00 am

Job security takes precedence over advancement as workers manage their own careers, health care and retirements, a Towers Watson survey shows.
The findings, released in the 2010 Global Workforce Study, are from a biennial survey of employee attitudes and workplace trends. Participants were in 22 countries, including the United States.

Among the nearly 1,100 U.S. employees surveyed, job security is crucial, and the recession has prompted workers to lower their career and retirement expectations severely, the survey researchers found. Stability is “paramount,” according to the report, “even at the expense of career growth and development.”

Among the findings for U.S. workers:

  • 40% said working for two or three organizations throughout their careers is the most appealing career model.
  • 39% would prefer to be employed at one organization their entire work lives.

Globally, 81% of all workers are not actively looking for new jobs, and more than three-fourths place job security above everything else, including more pay.

Source: HR Magazine, Kathy Gurchiek, May 2010, pg 18

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