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Survey Finds 8 Out of 10 Workers Want to Quit
Aired November 12, 2003 - 06:18 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now, though. Ever want to tell your boss take this job and shove it? You're not alone.
Carrie Lee has the story live from the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
I think a lot of people are feeling this way lately, over stressed, stressed out, over worked, fed up, eager to quit their jobs once the economy picks up, at least according to a new study by the Society for Human Resource Professionals. This is what they are finding. The bottom line here, the survey finds that 8 out of 10 Americans want a new job when the economy picks up.
A couple of reasons here, cash strapped employers have cut back on things like health benefits, retirement packages, paid vacations. Also, a lot of people are starting to give everything to their jobs or they have been for quite some time. There's sort of a fear factor here, people are afraid that if they don't do this then they might be the victim of a cut back. We've seen quite a few layoffs over the past few years.
Take a look at this graphic, 83 percent of workers plan to look for a new job when the economy heats up. The same amount want more time with their families. Sixty percent of workers feel too much pressure to perform. So what this means is that when things start picking up and the job market starts to improve, this could cost employers a lot of money. The tab to replace a typical white collar middle manager runs at about $100,000. So employers should be prepared for this once things pick up.
Meanwhile, the stock market hasn't been picking up over the past couple of days. The Dow, the Nasdaq, the S&P 500 all moving fractionally lower yesterday, losing ground for the third day in a row. This morning things look pretty flat for the 9:30 opening bell. Federated Department Stores in focus. The owner of Macy's and Bloomingdale's out with profits this morning. Expectations are for 35 cents a share versus 38 last year -- Carol.
COSTELLO: Carrie Lee, many thanks. We'll get back to you at the next half hour.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired November 12, 2003 - 06:18 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now, though. Ever want to tell your boss take this job and shove it? You're not alone.
Carrie Lee has the story live from the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
I think a lot of people are feeling this way lately, over stressed, stressed out, over worked, fed up, eager to quit their jobs once the economy picks up, at least according to a new study by the Society for Human Resource Professionals. This is what they are finding. The bottom line here, the survey finds that 8 out of 10 Americans want a new job when the economy picks up.
A couple of reasons here, cash strapped employers have cut back on things like health benefits, retirement packages, paid vacations. Also, a lot of people are starting to give everything to their jobs or they have been for quite some time. There's sort of a fear factor here, people are afraid that if they don't do this then they might be the victim of a cut back. We've seen quite a few layoffs over the past few years.
Take a look at this graphic, 83 percent of workers plan to look for a new job when the economy heats up. The same amount want more time with their families. Sixty percent of workers feel too much pressure to perform. So what this means is that when things start picking up and the job market starts to improve, this could cost employers a lot of money. The tab to replace a typical white collar middle manager runs at about $100,000. So employers should be prepared for this once things pick up.
Meanwhile, the stock market hasn't been picking up over the past couple of days. The Dow, the Nasdaq, the S&P 500 all moving fractionally lower yesterday, losing ground for the third day in a row. This morning things look pretty flat for the 9:30 opening bell. Federated Department Stores in focus. The owner of Macy's and Bloomingdale's out with profits this morning. Expectations are for 35 cents a share versus 38 last year -- Carol.
COSTELLO: Carrie Lee, many thanks. We'll get back to you at the next half hour.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
