COVID is Changing the Behavior of Job Seekers; More Relocated, Changed Industries in Q2
Challenger COVID Coverage
Needless to say, COVID has impacted nearly every aspect of the American workplace, including the job search and hiring processes. In a new report from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc., more job seekers opted to relocate for new opportunities, move to smaller companies, and/or change industries in the second quarter when the initial shutdown orders took effect.
“Historically, rates for job seekers relocating for new positions have been trending down since the mid-1990s. However, the recent spike in the second quarter coincides with increased home buying amid low interest rates. It also indicates job seekers may have been quick to accept positions outside their current geographical location, as uncertainty gripped the economy,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.
The report comes from a quarterly survey conducted via phone calls and online interviews by Challenger of over 3,000 job seekers nationwide. The respondents tend to skew middle to upper management.
In the first quarter of 2020, 3.8% of job seekers relocated for their new positions, the lowest rate on record since Challenger began surveying job seekers in 1986. By the second quarter, as the pandemic set in across the country, 7.5% of job seekers relocated, the highest quarterly rate since Q4 2018, when 7.7% of job seekers relocated.