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More Than Half Of U.S. Workers Plan To Look For A New Job This Year, Korn Ferry Survey Finds

Stocks in this article: KFY

Landing a new job appears to be at the top of most New Year’s resolutions this year. Fifty-seven percent of Americans said they will be looking for a better position in 2014, according to a new survey by Korn Ferry International (NYSE:KFY), the global leadership and talent consulting firm.

The survey also found that 66 percent of those now in jobs are optimistic about the 2014 economic outlook. Despite the preponderance of potential job changers, though, fully a third of workers haven’t updated their resumes in over a year.

The top factors driving those seeking new employment: more money (48 percent), career advancement (27 percent) and boredom/job distaste (nine percent). Slightly more than half, 54 percent, said they’d be willing to work for less money for a more fulfilling job.

On the flip side of the equation, the recent economic downturn is still top of mind among those content in their jobs. They cited job stability/economic uncertainly (39 percent) and pay/benefits (23 percent) as the primary reasons for likely staying put.

“The sentiment within the labor market is more optimistic than it was at this time last year. As a result, the work force is feeling more empowered than ever – whether they are seeking more satisfying careers, looking to advance within the organizations they serve or sharpening their leadership skills,” said Gary D. Burnison, CEO of Korn Ferry. “While the sentiment has shifted, the narrative on the overall economic climate has not changed dramatically. We are still in the throes of a new era – led by a fight for growth. The winning companies will be those that can find, retain and develop outperforming leaders in a slow-growth economy.”

When it comes to enhancing their career marketability in 2014, nearly seven in ten workers (67 percent) intend to work on improving their physical appearance via diet, exercise and/or new professional attire.

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