Fidelity Study Shows Young Professionals on the Move: Six-in-Ten Have Changed Jobs During the Pandemic or Expect to Be at a Different Company Within Two Years
Feeling Hesitant to Negotiate? Only 42% of Young Professionals Negotiated Last Job Offer, Yet Nearly Nine-in-Ten Had Success
Fidelity’s 2022 Career Assessment Study Reveals More Job Change is Imminent and Young Professionals Are Seeking Higher Salaries/Promotion, Increased Retirement Savings, More Flexibility
Most Upcoming College Graduates Are ‘Excited’ & 61% Value Quality of Work Life Over Financial Benefits
BOSTON, May 04, 2022--(BUSINESS WIRE)--It’s no secret that the last two years of the pandemic have caused many Americans to reassess their lives – everything from health, family, financial situation and careers. Fidelity Investments®, in its commitment to helping its customers achieve their financial goals at every life stage, today shares results of its 2022 Career Assessment Study. The study examines how working professionals are evaluating their next career move, the employer benefits that are most meaningful, and how they balance monetary benefits versus quality of work life.
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Top responses from young professionals who expect to leave their employer when asked what their current employer could do to make them stay longer, according to Fidelity's 2022 Career Assessment Study. (Graphic: Business Wire)
The study reveals that six-in-ten (61%) young professionals – those 25-35 years old – have undergone a job change in the last two years, or they plan to make a move in the next two years. That breaks down to roughly one third (37%) who have been in their current position for two years or less and almost half (44%) who expect to be at a different company within the next two years.
"Young professionals are more diverse than previous generations and their approach to life, work and money is unique, especially as they face external events from market volatility to inflation – many for the first time in their adult lives," said Kelly Lannan, senior vice president, Emerging Customers, Fidelity Investments. "It’s therefore no surprise this group looks at the workplace in a new light. Of course, financial benefits will always be important, but there’s also a heightened expectation from younger professionals to have more paid time off, schedule flexibility and meaningful work – and they’re not afraid to make a change to attain that expectation."
Fidelity encourages professionals to first understand these options and take a look at this to determine which option may be the best fit for their individual situation.
Fidelity’s Life Event resources has a section full of rich content for professionals looking to get ahead. For those people who have decided to stay at their current job, it doesn’t mean they have to be content with the status quo. Here are three moves to keep careers moving forward.
Check out Fidelity’s , an online experience designed to support professionals during life’s big moments. The section offers resources to help take the next step in a career or navigate a job change successfully.
Have an old 401(k) from a former employer that you don’t know what to do with? these options to find the one that makes sense depending on your specific situation and needs.
Starting a new job? Professionals may be leaving money behind – so read this Fidelity Viewpoints article to stay informed.
Learn more about how Fidelity is helping the with education, products & services, and opportunities to join money conversations on , , and other channels. Fidelity is also providing new career opportunities to thousands, including entry-level positions, hiring more than 16,600 new associates in 2021. The firm will continue its focus on recruiting new talent in 2022.
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $11.3 trillion, including discretionary assets of $4.2 trillion as of March 31, 2022, we focus on meeting the unique needs of a diverse set of customers. Privately held for over 75 years, Fidelity employs more than 57,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit .
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