Job Security is Strongly Felt in the Country: Uncertain Economy Spurs Job Loyalty
The survey, which took responses from about 150 large companies and institutions, indicates that many employees are valuing job security above most other considerations. The reluctance of job hopping is highly correlated with economic anxieties, according to AWVN. Workers are hesitant because of uncertainty, including international trade tensions that were a part of former U.S. President Donald Trump's policies, a spokesperson said. "In times of uncertainty, workers tend to be more risk-averse. When the uncertainty rises, people prefer security," the spokesperson said.
The group also cited data indicating that a substantial number of workers who intended to switch employers in the last few years have already done so, further contributing to the slowdown of job mobility. Second, it is because of the cuts lots of businesses, particularly in the manufacturing sector, have made; hence, people are more reticent to explore; company closures have brought about this fear.
Labour Scarcity Remains Despite Loosened Market Pressure
While the trend may have alleviated some of the pressure on the labor market, labor shortages are far from gone. Eight in 10 employers surveyed said they are still struggling to hire. There's a particularly high demand for workers with vocational training and practical experience. Hardest-hit sectors are technology, manufacturing and ICT (information and communication technology).




