80 per cent of workers say inflation influences their career choices

80 per cent of professionals say that persistent inflation has a major impact on their career decisions. These career decisions include finding a new job with a higher salary or negotiating with their employer for a higher salary.

While a third of the 4,000 respondents said inflation was a huge factor in their career decisions, 46 per cent said it was either a factor or a small factor, and 1.7 per cent said inflation did not affect their career decisions.

Only 10 per cent of respondents said they were extremely confident they could negotiate salaries and benefits, despite the desire to negotiate a pay rise. Most of the respondents are however only somewhat confident as regards negotiating pay rise.

When asked how confident they were about finding a new job, only 12 per cent said they were very confident, while 45 per cent said they were only somewhat confident.

Persistent inflation has forced many companies to restructure their budgets for the year. Several companies have already restructured their ad spending. Others have also decided to slow hiring for the year until the dust settles. However, some companies have begun laying off employees in order to cut costs and cope with the economic downturn.

The sources for this piece include an article in ZDNet.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Best of The Web