Recent trends indicate a shift in worker sentiment regarding job retention, with many now opting to remain in their current roles. A survey conducted by consulting firm Robert Half found that 73% of employees intend to stay in their positions through 2025, citing factors such as positive company culture, professional fulfillment, and competitive compensation. Notably, concerns about the current job market have also influenced this decision.
The job market has exhibited signs of decline, as job openings fell below 7.5 million last month, a decrease of 4 million from 2022 levels. Additionally, wage growth has decreased from 6.7% to 4.1% over the same period. Several major corporations, including Microsoft, AT&T, and Amazon, are mandating returns to office work or threatening job loss, while advances in artificial intelligence are automating roles within various sectors, potentially leading to further job displacement.
In this climate, small businesses are reportedly maintaining stable hiring practices, even amid broader economic uncertainty. The latest findings from the Small Business Employment Watch by Paychex indicate that employment in firms with fewer than 50 employees remained steady in July, suggesting resilience in the small business sector.
Small employers continue to explore strategies to attract and retain talent. For instance, some offer educational credits or technical training, leveraging available state funding to enhance job skills. This contrasts with larger companies that are currently experiencing layoffs.
As the job market softens, small businesses, which employ a significant portion of the workforce, may find opportunities to recruit talent from a larger pool of candidates. This could benefit both small business operations and job seekers navigating a challenging employment landscape.
Source: https://www.theguardian.com/business/2025/aug/31/great-migration-big-hold-job-growth-down-workers