- More than half of employers said it is challenging to find skilled professionals; Gen Y workers are the most difficult to recruit.
- Sixty-three percent of workers are more likely to try to negotiate a better compensation package today than last year (up from 58% last year).
- Nearly two-thirds of hiring managers said their companies are willing to negotiate higher pay for qualified job applicants.
- About 8 out of 10 employees are satisfied with their current work situation. Yet, more than 3 out of 10 said they will likely leave their jobs in the next 2 years.
- More than half of workers surveyed said it is challenging to find a job today.
- A lack of qualified workers and the higher cost of gas/commuting were among the top factors impacting companies' ability to recruit skilled labor.
- Many employers are likely to offer reduced work schedules, "bridge" jobs, and consulting arrangements as an alternative to retirement.
- The time to fill open positions ranges from 4 to 14 weeks, with senor-level roles demanding the most time.
The Employment Dynamics and Growth Expectations (EDGE) Report is an annual survey on employment and compensation trends by Robert Half International and CareerBuilder.com. The survey includes responses from more than 500 hiring managers and 500 workers, and was conducted from May 7 to June 1, 2008 by International Communications Research in Media, Penn. It was designed to compare the perspectives of hiring managers and workers on the state of the current employment market.