The last few years have brought fundamental changes to the world of work and how workers and employers are navigating it together.
Through both bi-weekly polls and their annual Future of Work study, Monster has surveyed thousands of workers and employers across the country to garner their sentiment on the latest workplace trends. These insights are now compiled to present the inaugural edition of the Monster Work Watch Report.
The world has undergone massive challenges in the past 12 months. War in Ukraine, energy price spikes, higher borrowing rates, and chronic inflation are all impacting consumer confidence domestically and internationally. As a result, the U.S. will likely enter a recession soon, if the country hasn’t already. The impact on businesses, employers, and employees will be dramatic.
The employment industry has felt like a rollercoaster in recent years, with twists and turns caused by COVID-19, the post-pandemic boom, and even the ‘Great Resignation.’ With unprecedented shifts, how are workers reacting? Employees are demanding greater flexibility in where, when, and how they work, and salary still remains top-of-mind for workers. However, managers are grasping the purse strings tighter, consolidating positions, and largely struggling to meet employee needs due to shrinking budgets.
Despite years of unprecedented workplace shifts, U.S. workers and recruiters remain resilient and optimistic. Monster’s Work Watch Report highlights that 92% of U.S. businesses plan to recruit in 2023. Despite economic headwinds, 96% of recruiters are confident (44%) or very confident (55%) of finding the right worker. Additionally, 64% or workers are confident they could easily find a new job in 2023 — even in a looming recession.
Dive into the inaugural edition of the Monster Work Watch Report to learn employer and worker sentiment on the latest workplace trends and how they’re continuing to navigate the ever-evolving employment industry, heading into an uneasy economic climate.