Relocating
As 2012 ushers in an improving, but still highly competitive job market, more workers may be looking beyond their own backyard for employment options. Forty-four percent of workers said they would be willing to relocate for a career opportunity, according to new study by CareerBuilder. Of workers who were laid off in the last year and found new jobs, 20% relocated to a new city or state. At the same time, employers struggling to find workers for skilled positions said they are willing to pay to bring talent to their locations – 32% said they would be willing to pay to relocate new employees in 2012; 19% would be willing to pay a smaller first year salary in order to give a signing bonus to relocate an employee. While employers will move current staff and new hires for a wide variety of positions, the top areas for which they are most likely to pay to relocate employees are tied to technology and revenue-generation:
The majority of workers who relocated in the last year (77%) reported they were happy with the move and didn’t regret the decision. Workers reported benefitting in the following ways:
Of those workers who relocated in the last year, 41% said their family didn’t relocate with them and they have to travel to see them. Top challenges associated with relocating included:
To help workers zero in on markets with the greatest demand for their skills and assess costs of moving to and living in a particular area, CareerBuilder launched www.careerrelocate.com. Through this new site, workers can:
As 2012 ushers in an improving, but still highly competitive job market, more workers may be looking beyond their own backyard for employment options. Forty-four percent of workers said they would be willing to relocate for a career opportunity, according to new study by CareerBuilder. Of workers who were laid off in the last year and found new jobs, 20% relocated to a new city or state. At the same time, employers struggling to find workers for skilled positions said they are willing to pay to bring talent to their locations – 32% said they would be willing to pay to relocate new employees in 2012; 19% would be willing to pay a smaller first year salary in order to give a signing bonus to relocate an employee. While employers will move current staff and new hires for a wide variety of positions, the top areas for which they are most likely to pay to relocate employees are tied to technology and revenue-generation:
- Engineering – 30% of employers
- Information Technology – 23%
- Business Development – 21%
- Sales – 21%
- Financial – 16%
- Marketing – 13%
- Legal – 11%
The majority of workers who relocated in the last year (77%) reported they were happy with the move and didn’t regret the decision. Workers reported benefitting in the following ways:
- Made a fresh start – 30%
- Made new friends – 31%
- Had new experiences we wouldn’t have had anywhere else – 29%
- Earning at a higher level gave the family more spending options – 27%
- Better long-term career opportunities – 22%
- Area is nicer and schools are better – 19%
Of those workers who relocated in the last year, 41% said their family didn’t relocate with them and they have to travel to see them. Top challenges associated with relocating included:
- Cost of living is higher – 26%
- More stress on the family unit – 24%
- Difficult to make new friends – 18%
- Feeling homesick – 16%
To help workers zero in on markets with the greatest demand for their skills and assess costs of moving to and living in a particular area, CareerBuilder launched www.careerrelocate.com. Through this new site, workers can:
- Run a simple keyword or category search and view a map detailing where the most and fewest opportunities are for their line of work.
- View actual relocation opportunities in different cities.
- Learn what they would need to earn in order to maintain their current standard of living in another city.
- Research homes, property values, mortgage quotes, moving and storage costs.
- Tap into articles and advice on relocating and hiring trends.
