MyPerfectResume, a leading resource for resume and career advice, finds that 85% of workers are worried that they will lose their jobs in 2024. Half (50%) report they are a little worried about losing their jobs this year while 35% say they’re definitely worried.
Other key findings from MyPerfectResume’s 2024 Workplace Trends Survey, which polled more than 1,800 U.S. respondents in October 2023, also reflect a negative sentiment from job seekers heading into 2024.
- Eight in 10 respondents (78%) expect a recession in the U.S. in 2024.
- More than two-thirds (69%) believe that competition for jobs will increase in 2024.
- Nearly half (45%) predict a reduction in remote job openings.
- Eight in 10 (78%) fear losing their jobs due to the growth of AI in 2024.
- Nearly two-thirds (62%) expect the labor market to be more stressful than in previous years.
- Approximately 40% predict more people will suffer job burnout in 2024.
“The 2024 workplace landscape promises a dynamic blend of challenges and opportunities,” says Kellie Hanna, career expert at MyPerfectResume. “To succeed, workers and employers alike must recognize that adaptability is the name of the game while striking a balance between addressing challenges and seizing opportunities will determine the winners. Navigating this complex terrain will demand more than just resilience. It will require a high degree of professionalism and a strategic vision.”
The survey also covers thoughts on the gig economy, return-to-office mandates, and recruitment trends.
- More than two-thirds (67%) think the gig economy will continue to expand in 2024.
- Almost nine in 10 people (87%) believe more companies will introduce RTO policies in 2024.
- Approximately 72% think there will be a higher demand for specialists in 2024.
- More than half (61%) expect recruitment processes to be longer in 2024.
- More than two-thirds (69%) of respondents agree or strongly agree that more people will quit in 2024 if they don’t consider their salaries rewarding.
- At the same time, 68% say employers must pay more to retain workers in 2024.
