New Survey Drills into Employee Concerns for Their Future

Given the severe impact of the coronavirus upon the global economy, it is not surprising that many people are rethinking their work and life priorities. According to DeVry’s Workforce Sentiment Survey, one in four respondents said they were thinking of changing careers due to COVID-19, with 38 percent citing a desire to work from home or better work/life balance as their top motivations. Other reasons for rethinking careers due to COVID-19 included job security (13 percent) and less exposure to illness (8 percent).

“Founded in 1931 during the depths of the Depression, DeVry continues to be committed to building a talented and sustainable workforce ready to face career challenges, no matter what those might be,” said Bill Caruso, Interim President and Chief Executive Officer of DeVry University. “Our unwavering dedication to understanding and advancing workplace strengths prompted us to take a deep look at career durability as it is being experienced by employees during the COVID-19 crisis.”

DeVry defines “Career Durability” as a person’s ongoing capacity to acquire the skills, mindset and knowledge to be an engaged, productive member of the workforce. And as the demands of the workplace continually evolve, lifelong career resilience often calls for cycles of reinvention within diverse learning environments.

Key Survey Takeaways

  • Of those who were employed, 31 percent were concerned a lack of either hard skills or certifications made them vulnerable to layoffs or would challenge their ability to find new employment:
  • Respondents were almost equally worried about a lack of soft skills or network, with 27 percent citing these areas of concern.
  • Interestingly, almost half (49 percent) reported they have no personal weaknesses of concern; they are confident in their capabilities as they relate to keeping or finding a job.
  • Similarly, 39 percent of respondents, who were currently working or intending to find work, do not plan on doing anything to boost their confidence in their current career.
  • For the nearly 60 percent who are planning to take proactive steps to increase their career confidence, the two most common plans included:
    • Networking (23 percent): with more men (27 percent) than women (17 percent) planning to network
    • Continuing education (45 percent): Almost half plan on continuing their education by obtaining a certificate, finishing or starting a degree, or pursuing a higher credential (approximately 11 percent in each subcategory)

    Interestingly, very few (11 percent) planned to seek advice from their current employers, which could indicate a lack of trust or anticipated resources.

    “We believe helping employees build durable value is important not only for their workplace resilience, but also for their wellbeing as individuals and as members of society,” said Caruso. “We look forward to being part of the solution to these challenges.”

    About the Workforce Sentiment Survey

    This CARAVAN survey was conducted by ENGINE INSIGHTS, with a sample of 1,004 adults 18 years of age and older. The online omnibus study is conducted three times a week among a demographically representative U.S. sample of 1,000 adults 18 years of age and older. This survey was live on April 29-May 1, 2020.

Follow us on social media for the latest updates in B2B!

Image

Latest

Education R&D
Will the New Education R&D Bill Spark the Innovation Schools Desperately Need?
April 25, 2025

In a rare show of bipartisan cooperation, Senators Michael Bennet (D-CO) and John Cornyn (R-TX) have introduced the New Essential Education Discoveries (NEED) Act, aimed at revolutionizing how the U.S. invests in education innovation. The bill proposes a new National Center for Advanced Development in Education—akin to DARPA but for schools—within the Institute for…

Read More
How Verizon Business Utilizes UGC for Sales Enablement
How Verizon Business Utilizes UGC for Sales Enablement
April 24, 2025

In this episode of UGC for B2B, host David Dabney welcomes Cesar Teran, Verizon’s Sales Enablement Lead for Channel, to explore how user-generated content (UGC) is transforming training and team engagement at Verizon Business. Cesar shares the journey of introducing UGC into Verizon’s training initiatives, emphasizing the importance of authenticity, collaboration, and celebrating contributions….

Read More
digital freight invoicing
ODeX Is Leading the Charge in Digital Freight Invoicing
April 24, 2025

Global shipping continues to grapple with fragmented billing processes, often delaying cargo movement. According to McKinsey, adopting an electronic bill of lading could save $6.5 billion in direct costs and enable $40 billion in global trade. As vessels carry goods for thousands of shippers per voyage, the administrative burden of managing and reconciling invoices…

Read More
Human Intelligence Movement
Just Thinking… about Reimagining Education for the AI Era with the Human Intelligence Movement
April 24, 2025

As artificial intelligence reshapes education, work, and daily life, educators are grappling with how to prepare students for a future where human skills—not just knowledge—will be paramount. In fact, a growing number of reports highlight that employers increasingly value collaboration, communication, and emotional intelligence over memorized content. Amid this transformation, the Human Intelligence Movement…

Read More