Three quarters of Britons want to change jobs due to cost of living crisis

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Three out of four workers are considering finding a new job due to the cost-of-living crisis, a survey revealed.

The data, from job site CV-Library, indicated that pay is the main reason people seek to change jobs.

The survey also asked more than 4,000 professional workers what they thought about flexible or remote work and found that only one in seven said that any of these factors would be the most important to them when looking for a new position.

Data from the nearly 250,000 jobs posted on the site also confirmed that wages are not keeping in line with the rising cost of inflation.

Analysis of posted jobs found salaries on offer were lower than a year ago in retail, sales, social care and pharmaceuticals.

Lee Biggins, CEO of CV-Library, said: “While these statistics are high, it sadly seems inevitable that UK professionals will feel compelled to act given the huge demands on household budgets.

“The pandemic has brought the desire for flexible and remote work to the fore but, while still important, we are seeing this recede into the background as the need for more money takes precedence.

“With unfilled vacancies still at record levels, the UK job market would be much healthier with more candidates available, but employers will need to balance their own increased costs against the salary needs and expectations of job seekers.” “.

The survey comes after findings earlier this year showed Britons are quitting their jobs at the highest rate in more than a decade.

Sanjay Raja, chief UK economist at Deutsche Bank, said at the time that the data showed “historically high levels of workers leaving the labor market entirely”.

Dubbed “The Big Quit,” separate data from Microsoft found that of the 30,000 workers it surveyed around the world, 41 percent are considering leaving their jobs or changing careers.

The movement has even translated to social media, with the hashtag #quitmyjob amassing 239 million views on TikTok.

Redundancies in the UK are currently at their lowest levels since the mid-1990s, while the number of open vacancies is the highest on record.

The new figures come as the UK sinks further into a cost of living crisis. As of April 1, the prices of everyday items have increased, including energy bills, which are expected to rise 54% for households this year.

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