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lifemeets...

M$5 April 24, 2009 06:59 PM

Is there really a "mass exodus" of workers from their companies at the end of a recession?

I heard that after the last two recessions, there was a mass exodus of people leaving their employers to change jobs. The thinking is that employees wait out the storm, watch how companies treat their employees and then leave as soon as the market turns around. Thought I heard the stat quoted by a guest on Real Time with Bill Maher in the Fall of 2008. Could you find the original source of that statistic (article, research study, etc)? Thanks.

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pats

April 24, 2009 07:58 PM

Yes.

The reasons for people wanting to leave a job are usually stated as money and benefits. Other reasons are exhaustion and a feeling of being under appreciated.

Hopefully that happens soon!
Source(s):
http://money.cnn.com/2004/04/14/pf/job_hopper/index.htm

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philipy

April 24, 2009 11:53 PM

The asker wants to see the evidence and the statistics. This article doesn't do a lot more than interview some people about their views, and even then it's actually saying: this isn't happening yet (as of time of writing in 2003) but it may happen soon.

We can all imagine the reasons why this is plausible, but finding the concrete evidence to prove that it did happen is another matter.

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truth7

April 24, 2009 11:27 PM

It makes sense. Companies that are not doing so well are cutting back, so employees start looking elsewhere. As soon as the economy begins to turn around, the strong companies begin hiring and are willing to pay more.

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lifemeetsw...

April 26, 2009 11:50 PM

Thanks all of you for your comments, but as philipy said, I was tracking down the original source of the statistic. Sorry I couldn't award a best answer, but appreciate your interest.

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