Despite being keen to seek new work, London’s over-stretched employees appear to be too busy to look for a new job, according to new research by recruiting expert Hays. In the capital, 15% of workers not currently looking for work report that they aren’t looking for a job because it is too time consuming, while across Britain just 7% of people cite this a reason stopping them looking for a new role.
Overall, two-thirds (67%) of Britain’s working population are likely to move on if they were offered a better job, and almost half (49%) in London agree according to the new survey. This translates to around 1.8m people in London who would leave their current employer, despite the uncertain economic situation. Londoners are also the most likely in the country to be holding out for a pay rise or promotion (11%).
However, a third (33%) of workers who aren’t currently looking for a job aren’t doing so as they believe staying put offers more security in a turbulent job market than a new role. Just under one in five (18%) believe there are no jobs that require their skills and 18% think there is a lack of jobs in their industry, and 21% believe they would be unable to find a better-paid position. More than four in ten (42%) of people who aren’t currently looking for a job are staying because they actually like their current job. Workplace relations are clearly also under pressure, with a meagre 11% of workers not looking for a job saying they would miss their colleagues too much to leave.
James Lloyd-Townshend, Managing Director at Hays in the City, commented: “These results indicate just how much the capital’s workforce has suffered in recent years. Many workers are disillusioned, over-worked and don’t always appreciate that there are opportunities out there for talented people. London’s employers need to take urgent steps to re-engage and motivate staff, or they risk losing skilled and experienced workers. Many sectors are still looking for talented staff and there is good demand for people to work in positions across the City. The onus is on jobseekers to make sure they have the skills that are sought after by employers and can demonstrate that they are a solid investment.”
For further information and to access jobs visit www.hays.co.uk
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About the survey
All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 1795 adults of which 143 were from London. Fieldwork was undertaken between 29th July-1st August 2011. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.
As at 30 June 2011, the Group employed 7,620 staff operating from 255 offices in 31 countries across 20 specialisms. For the year ended 30 June 2011:
- the Group reported net fees of £672 million and operating profit** of £114 million;
- the Group placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments;
- 31% of Group net fees were generated in Asia Pacific, 33% in Continental Europe & RoW (CERoW) and 36% in the United Kingdom & Ireland;
- the temporary placement business represented 54% of net fees and the permanent placement business represented 46% of net fees;
- Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the United Kingdom and the USA.
For further press information please contact:
Keir Bosley, CHA
T. 020 7580 7025
Claire Fowler, Hays
T. 020 7259 8821