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One in five is looking for a new job to help beat the shortage: Workers warned that changing jobs for higher pay may ultimately be wishful thinking
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Workers are being warned that moving jobs in the new year in search of a higher salary to combat the cost-of-living crisis may be nothing more than wishful thinking.
According to research by employment benefits company Unum, one in five employees plans to look for a new job.
But despite the forecast that 5.4 million workers will look for better jobs, the findings fail to account for what experts fear a sharp recession lasting a few years.
Change of scenery: According to research from Unum, an employee benefits company, one in five employees plan to look for a new job
The Recruitment and Employment Confederation says that while the job market may look good – with an unemployment rate of just 3.6 percent – the reality is that while workers stare into recession, it may be a matter of slamming the shutters and sticking to the devil they know instead of gambling on finding a new job.
It adds: ‘While it is perfectly understandable that people under pressure may be looking for better alternatives – and in certain areas, such as healthcare, it is true that there is a shortage of staff so that better job opportunities may arise. But the predicted rush for new jobs must be handled with caution.’
Unum’s research also confirmed that a majority of people are prioritizing their personal finances as the cost of living crisis hits. About 16 percent of those surveyed also said they expected to take on a second job to help boost their household income.
Mark Till, CEO of Unum, says: “Between employees who plan to move to a new job for better benefits – and those who say they will look for a second job – more than 10 million workers could make significant gains next year. make decisions about their jobs. It is important that employers understand the need for better benefits if they want to keep their current workforce.’