One in five UK workers are likely to change jobs this year

by Andrew Childerley

One in five UK workers are likely to change jobs this year

Almost one in five UK workers say they are likely to change jobs in the next 12 months as they seek better pay and job satisfaction, a survey from PwC  suggests.

The report indicated that workers were starting to "assert their power" with younger and highly skilled workers most likely to be unhappy in their jobs or seeking a raise. It also highlighted a high proportion of workers (60%) stating their preference to work fully, or mostly from home.

PwC boss Kevin Ellis said "The economic outlook may be uncertain but highly skilled workers are in hot demand and employers can't be complacent,".

"Employees will vote with their feet if their expectations on company culture, reward, flexibility and learning are not being largely met."

The ONS reports more job vacancies than unemployed people in the UK in quarter one of 2022, the first time since records began. The number moving from job-to-job also hit a record high "driven by resignations rather than dismissals", while regular wages (excluding bonuses) rose by 4.2%, though not as fast as the cost of living.

In March PwC surveyed more than 2,000 UK workers from a range of industries and found that:

  • 18% said they were "very or extremely likely" to switch to a new employer within the next 12 months
  • some 32% also said they were moderately or slightly likely to switch and 16% were planning to leave the workforce temporarily or permanently
  • an increase in pay was the main motivator for changing jobs (72%), followed by wanting a more fulfilling job (68%) and to "truly be themselves at work" (63%)

Being able to work from home is also a priority for workers, PwC found, although a majority want to mix it with at least some time in the office.

According to latest ONS figures, around one in seven working adults in the UK (14%) said they were purely doing their jobs from home offices in late April and early May.

Another 24% said they had adopted "hybrid" working patterns where they are in an office or other workplace part of the time.

Just 17% said they would prefer to be working full-time or mostly in the office.

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