Home Business News UK Employees admit the Cost of Living Crisis is impacting their careers as millions look for higher paid roles

UK Employees admit the Cost of Living Crisis is impacting their careers as millions look for higher paid roles

by LLB staff reporter
19th Aug 22 3:18 pm

The leading Recruitment and Employment Technology Company, CareerWallet process up to 10 million jobs daily from recruitment companies and employers across the UK and has recently published a national employee surveyshowing detailed trends and insights into the UK job market.

The report highlights that the over half (52%) of all UK employees admit that the cost-of-living crisis is impacting their career forcing them to either look for a new role or request a pay rise from their current employer

As the cost-of-living crisis is driving up the costs of food, petrol, energy bills and much27% of UK employees have already started looking for a new role to earn more money and survive the crisis and25% have either asked or are going to be asking for a pay rise from their current employer.

Out of the employees surveyed the under 30s have been most impacted with 35% in the process of looking for a new roleand the North East is the region most effected with 40% of all employees in the process of changing roles.

The national survey from the leading tech firm shows how many employees are being impacted directly by the increased cost of living and highlights to employers that current salaries and any pay rises need to cover these costs to ensure they keep hold of their staff and prevent them from looking for other opportunities.

Craig Bines, CEO at The CareerWallet Group said, “At CareerWallet we process millions of jobs a day and this allows us to quickly see how the job market is being impacted on a daily basis.

“Our national employee survey has highlighted how UK employees are already being impacted by the rise in the cost of living and are actively looking to counter this by pursuing a new role or a pay increase and it is important that all employers are aware of this and act quickly to keep their talented people in their businesses.”

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