As Americans work to navigate an increasingly tough job market, some are ditching the trend of “job hopping” for “job hugging.”
According to consultants at Korn Ferry, a growing number of American employees are displaying what is colloquially known as “job hugging,” with the goal of simply holding onto their job. This comes as a sharp contrast to the “job hopping” trend that was popular in 2021 and 2022 when many employees sought better work opportunities as part of the “Great Resignation.”
In July, the Eagle Hill Consulting Employee Retention Index found that the employees most likely to stay in their current roles in the coming six months included Gen Z and men.
This comes as the rate at which employees voluntarily leave their jobs or “quit rate,” continues to hover around 2 percent,