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April 26, 2000
Survey Claims 60 Percent of Employees Will Job-Hop Within A Year
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UNA HILLS, Calif.-- In offices across the country, people are asking the questions: how can we hire fast enough, who can we steal employees from, and how can we be more competitive with compensation packages?

In an independent national survey released by WorkSeek.com, 60 percent of people in the workforce think they will be in a different job within the next 12 months. Forty percent of those having problems with their current job said they would rather find a new job than try to change their current situation.

How do companies recruit these people?

Money helps. Of those surveyed, 62 percent of respondents said they would like to be rewarded up front with a signing bonus.

So what's hot in the job market?

The Internet is still a draw. Despite recent drops in the success of some Internet companies, nearly 60 percent of those who took part in the poll feel more inclined today, compared with six months ago, to accept a good position in an Internet company.

In fact, working as the CEO of a major Internet start-up is the job that those surveyed find the most appealing (46%) -- nearly three times more appealing than working as a popular talk show host (14%), Wall Street stockbroker (12%) or Las Vegas casino dealer (11%) and two times more appealing than working as a White House aide (17%).

Health, Retirement, Flexible Hours also Key

What else motivates employees to make a move? In addition to receiving a signing bonus, receiving a solid health benefits package (73%), an excellent retirement savings program (68%), and flexible hours (56%) also ranked at the top of the list.

WorkSeek.com has just launched a very different signing bonus model -- with a current pool of more than $6.1 million in signing bonuses -- to provide consumers with an extra incentive to take a new job. WorkSeek.com is paying up to $1,250 to each new employee, depending on the salary level of the job and if the job is posted using WorkSeek.com's Risk-Free model (patent pending).

The WorkSeek.com online presence includes a network of vertical sites targeted to specific careers, industries and demographics. The current network includes GeekSeek.com, SalesSeek.com, RetailSeek.com, GradSeek.com, FinanceSeek.com and WorkSeek.com.

The independent national survey of 500 employees was fielded by CommSciences, a strategic communications research and consulting firm, based in Los Angeles. The survey has an error margin of approximately +/- 4.5%.

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