5:47 am July 29, 2011, by Henry Unger
The percentage of unemployed managers and executives relocating for new positions rose to its highest level in nearly two years, a new report says.
The rise in mobility could indicate more willingness by job seekers to take a loss on the sale of their home, said outplacement firm Challenger, Gray & Christmas, which did the survey.
It also may indicate more willingness by employers to help the newly hired relocate, Challenger said.
Over the first half of 2011, an average of 9.4 percent of job seekers finding employment relocated for their new positions, Challenger said. That is up from an average relocation rate of 7.6 percent during the same period a year ago.
“The 9.4 percent relocation rate in the first half of 2011 is still low by historical standards, but the increase does indicate that job seekers are finally beginning to loosen the stakes that have kept them tethered to a specific region,” John Challenger, CEO of the firm, said in a news release.
Challenger said survey included about 3,000 job seekers, many of whom are managers and executives, from a wide range of industries and occupations nationwide.
This news raises a few questions for you.
Are you more willing to relocate?
Is it because the weak job market has left you with no other choice?
What is your home-ownership situation? Would you be willing to lose money on your home? Separate from your family?
Has an employer offered to help?
- Henry Unger, The Biz Beat
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