Archive for March 30th, 2007

HR Facts and Trends

Friday, March 30th, 2007

Fact
39 percent of the workforce now has worked for six or more employers, up from 27 percent in 1999.

Fact
45 percent of workers want to change jobs at least every three to five years, up from 26 percent in 1999.

Fact
Workers see more growth potential if they were to leave their company than stay with their current employers.

Fact
Despite economic uncertainty, nearly seven out of 10 U.S. workers say job change will be at their own initiative.

Fact
51 percent of U.S. workers are extremely likely or very likely to look for a new job or work situation.

Source: Spherion’s 2003 Emerging Workforce Study

Fact
The rate of failure for new executives is 40 percent to 60 percent within the first 18 months and, within five years, two-thirds of executive hires fail. Such a failure costs the company 20 times the salary of the executive.

Fact
20% of this America’s large, established companies will be losing 40% or more of their top-level people in the next five years as senior executives reach retirement age (Development Dimensions International Inc. (DDI), Bridgeville, Pennsylvania.

Fact
Companies reacting to their succession problems by recruiting from the competition show a 66% failure rate for senior managers hired from other companies within the first 18 months (Center for Creative Leadership).

Fact
Simply put, there will be fewer people available for the top management slots and high-performance executive jobs. Over the next 15 years, there will be a 15 percent decline in the number of 35 to 44 year-olds (RHR International, Chicago).

Fact
Women are no longer surging into the workforce, white-collar productivity improvements have flattened, immigration levels are stable, and executives - at this point - are not prolonging their careers (McKinsey and Company).

Fact
It takes 10 to 12 years to train a radiologist.

More facts…