There are now about 2.6 million people leaving their jobs each month.
Job openings have increased by almost half a million positions since last summer. Nigel Gault, the U.S. economist for forecasting firm Global Insight, expects the quit rate to rise further during the next several months. "A lot of people really weren't happy where they were but had no choice, so they toughed it out and waited for things to get better," Gault says. "Now they're making moves."
In sector after sector, from health care to advertising to retail to accounting, the pent-up demand for workers that has been building for four years is boiling over, strengthening employees' hands--and emboldening them to jump ship. A recent survey of more than 14,000 employees and human resources managers by compensation consultancy Salary.com found that fully 65 percent of workers planned to be hunting for a new job in early 2006.
For what employers must do to keep and recruit employees, read "Turning Heads."
For employees ready to move on, get 21 Career Transition Tips at www.NetworkLinchpin.com
Source: Business 2.0, May 2006