2m workers to change jobs in the next three months
As many as 2m workers could change jobs before Christmas 2021 according to new research from Totaljobs.
Following a comprehensive analysis of more than 4.2m job changes from 2015 onwards and a survey of nearly 4,500 jobseekers and 2,000 workers, Totaljobs estimates that 26% of the UK workforce are actively job hunting, while 6% are already on their notice period.
The research shows not only an increase in people starting new jobs in the months ahead, but an expected rise in industry-hopping, with 75% of jobseekers from the Totaljobs database reporting they are more likely to think about working in a different industry following COVID-19.
Some sectors are reporting higher retention rates than others, with the survey showing that people in HR are more like to stay in the sector when moving to a new job (64%), followed by design (62%) and IT (62%).
The sectors with the highest proportion of people leaving were the military (47%), advertising (42%) and the public sector, farming and charities (all 41%).
When considering the motivations for future career moves, the majority (57%) of jobseekers cited work-life balance as the key reason, above a higher salary (52%) and learning new skills (38%).
The impact of the pandemic on work priorities can also be seen in that over three quarters of people (76%) say work-life balance is now more important to them.
Jon Wilson, CEO of Totaljobs said: “Our research shows that for many people, the career ladder isn’t so linear anymore; career shifts and job changes are commonplace.
“With COVID-19 changing our day-to-day working lives, people are increasingly searching for work-life balance, flexibility or simply for a job they can get more satisfaction out of, and they’ll look to other industries to find it.
“With a record number of job vacancies this summer, many industries who had to hit pause on their hiring in the height of the pandemic are now experiencing labour shortages, and these are likely to continue in the coming months.
“Businesses with an urgent hiring need should make sure they’re getting the basics right when attracting talent. Job adverts that include essential pieces of information like a clear job title, location, salary and ways of working are more likely to win applications.”
- 2m people could change jobs before the end of the year as the UK labour market kicks into gear and workers plan their next career move
- Totaljobs boss Jon Wilson says employers have to get the basics right when attracting talent. This includes a clear job title, location, salary and other benefits.
- For more advice around hiring and training staff, head over to the UMi platform: https://www.weareumi.co.uk/webapp/running-a-business/building-a-great-business/