The Great Resignation may be affecting California more than others.
More than a dozen businesses in “The Golden State” may lose the majority of their employees in the next three months, ccording to a recent survey from Blind, an anonymous professional social network with more than five million users
Professionals in the technology and finance industries, in particular, use the free app to get career advice and workplace insights such as compensation figures, company culture, interview tips, and sometimes even gut checks for their personal lives.
80 percent of tech workers are considering changing jobs, and more than half have applied for one in the last month.
Almost three-quarters (74 percent) of tech professionals have connected with a recruiter and approximately half (49 percent) have already interviewed with another firm in the past month.
PayPal, based in San Jose, CA, has the most reason to be concerned of the California companies on the list as according to the data 95 percent of current employees are considering leaving, and 91 percent have spoken with a recruiter.
It’s no surprise that Better.com has 95 percent of respondents looking to leave, especially after the online mortgage company laid off 900 employees via Zoom just before Christmas. The New York City-based firm announced 3,000 more layoffs earlier this month.
Palo Alto, CA-based VMware should also be disturbed. Nearly nine out of 10 employees (88 percent) are ponderingleaving the company and 84 percent have reached out to a recruiter in the last month.
Aside from VMware, headhunters appeared to have the most success with their job pitches at Amazon, Cisco in San Jose, CA, Expedia, SAP, and Wayfair – companies with higher-than-average response rates in Blind’s analysis.
More than half of respondents (51 percent) at both Sunnyvale, CA-based LinkedIn and San Francisco-based Salesforce had gone on interviews in the past month.
“This is a shift of control to the workers. It’s more aptly named ‘The Great Career Upgrade.’ People are getting better jobs,” said a verified Salesforce professional on Blind.
Despite a more unrestrained environment at Mountain View, CA-based Google in recent years, the tech juggernaut came in last on the list with 59 per cent of respondents considering departure.
Google had relatively low scores across the board: 57 percent had contacted a recruiter, 37 percent had applied for a job in the past month and only 28 percent had interviewed.
Other California firms with more than half of aspirants contemplating another job comprise Santa Clara, CA-based Intel Corporation, Cupertino, CA-based Apple, San Francisco-based Splunk, San Francisco-based Twilio, San Francisco-based Twitter, Menlo Park, CA-based Meta (Facebook) and San Francisco-based Uber.
The COVID-19 pandemic has forced individuals to re-evaluate their primacies, and as a result, they’re seeking greener pastures.
Employees want higher salaries, improved working conditions, greater work/life balance and more opportunities to advance their careers.
With the scales tipped in favor of labor, employers are scrambling to fill positions.
West Coast-based tech companies, particularly those in Silicon Valley, are increasingly looking for talent outside of the West Coast to compete for talent during the nationwide staffing shortage.