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Vaco's Latest Talent Pulse Report Reveals Shift in Q2 Job Seeker and Employee Confidence LevelsThe Q2 report indicates reduced confidence levels in job security, financial status and career advancement – all evidence of continued economic uncertainty and a competitive labor market. NASHVILLE, Tenn., May 8, 2024 /PRNewswire/ -- The second quarterly Vaco Talent Pulse Report of 2024, released today by Vaco, a leading global talent solutions firm, revealed that job seekers and employees are experiencing increased struggles with confidence levels across all three areas surveyed: job security, financial status and career advancement. The Q2 Vaco Talent Pulse Report shows reduced confidence levels in job security, financial status career advancement. In particular, the report highlights a notable dip in confidence levels regarding respondents' ability to secure and retain employment: 35% reported feeling extremely confident in their job search in Q2, as compared to 43% of respondents in Q1 – a drop of eight points in one quarter. Confidence in ability to improve their financial situation only saw a one-point decline, from 45% who felt extremely confident in Q1 to 44% in Q2, which may be indicative of the resilience of current job seekers. "Today's job market presents a complex landscape shaped by economic flux, wavering empoyment numbers and heightened competition – all of which have a direct impact on the mindset of current employees and job seekers," said Kyle Allen, Vaco Executive Vice President of Sales & Recruiting. "Companies are being increasingly strategic abou their hiring which, in some cases, includes outsourcing roles and departments. This is resulting in people having a harder time finding jobs and is undoubtedly impacting confidence levels. Savvy job seekers need to be proactive, adaptable and well-prepared at every turn of the hiring process, using a multi-faceted approach that includes working with a reputable recruiting firm, continuing to develop marketable skills and exploring all avenues of their professional network." Key findings from the Q2 2024 Vaco Talent Pulse Report include:
The Vaco Talent Pulse Report is based on feedback from more than 8,000 respondents across the U.S. and Canada. To access the report, go to https://learn.vaco.com/talent-pulse-report-q2-2024. About the Q2 2024 Vaco Talent Pulse Report About Vaco Media Contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/vacos-latest-talent-pulse-report-reveals-shift-in-q2-job-seeker-and-employee-confidence-levels-302140203.html SOURCE Vaco |