The second quarterly Vaco Talent Pulse Report found consistent quarter-over-quarter confidence levels as compared to Q3 results in terms of securing a job, improving one’s financial situation and career advancement.
NASHVILLE, Tenn. – NOV 1, 2023 – Job seeker and employee confidence is holding steady in Q4, according to recent data from Vaco, a leading global talent solutions firm. The Q4 Vaco Talent Pulse Report revealed that 70% of job seekers and employees are confident in their ability to get and hold a job right now, down marginally from Q3 (72%). What’s more, 39% are extremely confident in their ability to get and hold a job – unchanged from Q3’s results. The findings are from the second edition of the Vaco Talent Pulse Report, which measures employee and job seeker confidence levels based on feedback from nearly 9,000 respondents across the U.S. and Canada.
“In the face of ongoing shifts in the economic landscape, we’re seeing job seekers and employees who are leaning into the one constant they can rely on – themselves,” said Vaco President Kevin Witt. “Workers are exhibiting remarkable resilience and pressing forward with their career aspirations – whether that entails securing a new job, negotiating a raise or chasing a well-deserved promotion. These attitudes are buoyed by positive indicators in the job market; notably, in September, the U.S. witnessed its most robust job market growth since January with the addition of 336,000 jobs. As we approach year-end, it’s critical for employers to engage with their workforce and adopt a strategic approach to recruiting and retaining top talent. Providing year-end bonuses, establishing channels for periodic feedback through employee reviews and fostering a culture that prioritizes work-life balance are the cornerstones of cultivating a motivated and loyal workforce in the current environment.”
The Q4 2023 Vaco Talent Pulse Report also reveals further insights, such as:
- Despite inflation and economic uncertainty, job seekers and employees remain remarkably optimistic about their ability to improve their financial situation – either via a raise or obtaining a new job – with Q4 results (70%) trending up two percentage points from Q3 (68%).
- Career advancement is a high priority for many workers in Q4, with 75% of employees expressing confidence in their ability to get a promotion or progress in their careers.
More details, as well as key talent insights from veteran industry experts, can be found in the Q4 2023 Vaco Talent Pulse Report. To access the report, go to https://resources.vaco.com/vaco-talent-pulse-report-q4-2023.
About the Q4 2023 Vaco Talent Pulse Report
Poll questions to inform the Q4 2023 Vaco Talent Pulse Report were administered online through Vaco’s LinkedIn company profile on August 4, 2023, September 24, 2023, and September 30, 2023. Results and summaries are based on the 8,929 votes cast across the three polls. A highlight of follower demographics includes those from across the U.S. and Canada working in engineering, technology, accounting, finance, human resources and operations. The majority of people represented are either senior, manager, director, VP or entry-level.
About Vaco
With expertise in accounting and finance, IT and digital, and HR and operations, Vaco delivers critical talent solutions to our clients by providing contract staffing, managed services, direct-hire staffing and executive search services. In addition to Vaco, our family of brands includes MorganFranklin Consulting, a finance, technology and business advisory firm; Pivot Point Consulting, a Best in KLAS healthcare IT consulting leader; Focus Search Partners, a retained and interim executive search practice; and BUILT, a digital solutions company specializing in software, cloud, data and AI solutions. In addition to being named to Inc. magazine’s list of the fastest-growing private companies for the past 17 years, Vaco was also named to Forbes’ 2018-2023 lists of America’s Best Recruiting Firms as well as the 2017-2023 lists of Largest Staffing Firms Globally by Staffing Industry Analysts. Vaco annually ranks as one of the Best Staffing Firms to Work For. For more information, visit vaco.com.
