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CCH® HR MANAGEMENT - 6/12/08

More than half of employees have been involuntarily separated during their careers

Being displaced as a result of a downsizing or restructuring is the top reason why people have changed jobs at some point in their careers, according to an online survey conducted by Right Management. Fifty-four percent of 1,308 people who responded said they had changed jobs involuntarily due to a downsizing or restructuring. "Employee displacements have become an inescapable part of doing business," said Douglas J. Matthews, president and chief operating officer of Right Management.

Many employees can typically expect to be impacted by an involuntary separation at least once during their careers, according to Matthews. In the current job market, employers have been making deeper cutbacks to their workforces so far in 2008, creating fewer new jobs, and have indicated that hiring will be slower than last year.

The top reasons why people have changed jobs, either voluntarily or involuntarily, are: downsizing or restructuring (54 percent); sought new challenges or opportunities (30 percent); due to ineffective leadership (25 percent); poor relationship with manager (22 percent); to improve work/life balance (21percent); contributions were not valued (21 percent); better compensation and benefits (18 percent); better alignment of personal and organizational values (17 percent); personal strengths and capabilities weren t a good fit (16 percent); company was financially unstable (13 percent); and company or job relocated (12 percent).

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