Over half (54%) of UK employees would consider quitting a poor paying job to pursue a pay rise, with just under a quarter (21%) planning to leave within the next six months.
This is according to HireVue's latest Candidate Experience Report.
Millions of people across the UK are reconsidering career opportunities to offset struggles with the cost-of-living crisis. Wages are not meeting rising inflation and just a quarter of companies are willing to increase pay as a result of soaring living costs.
The report’ surveyed more than 1,000 UK workers, exploring current attitudes to work and the workplace.
Lack of benefits, progression and flexible working are also driving resignation
In addition to pay, almost a third (31%) of employees stated poor benefits would be a reason to leave. Many businesses are looking to improve workplace benefits to help ease struggles, and also improve employee retention. Yet, as the smaller figure - in comparison to pay - businesses would be better off increasing pay brackets.
Almost a quarter (24%) of employees also suggested a lack of flexible working would play a part in choosing to leave their current employer. Over a quarter (26%) also referenced lack of progression as a reason to quit.
Circle director Jon Brass comments: "Hirers should not ignore that pay is still the main factor for employees seeking new work. In sectors such as IT, where demand for skillsets often exceeds supply, it is particularly important to keep an eye on the salaries being paid by the market. At Circle, we constantly review at our internal employee packages, and we also liase with our customers regularly in relation to their packages and salary trends."
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