- 61% of legal employees anticipate they will move jobs in the next 12 months
- 60% of legal employees are unhappy with their salary
- 45% of employees don’t think there is scope for career progression on their organisation
According to a survey of over 10,000 employers and employees by the specialist recruitment company Hays, UK employers are confident their business activity will increase over the next 12 months and this will result in greater hiring, with 70% of employers planning to increase headcount over the next 12 months. However, 80% are already concerned that they will encounter a shortage of suitable candidates.
Legal employers are set to face greater competition to attract and retain staff, as over half (60%) of legal employees are unhappy with their salary and 61% plan to move jobs in the next 12 months.
The main reason employees cited for wanting to move jobs was their salary and benefits (27%), closely followed by a lack of future opportunities in their current role (25%). Almost half (45%) of employees don’t think there is scope for career progression in their organisation. When looking for a new role most valued benefit by employees was having over 25 days annual leave (31% rated this most important) followed by a generous s contributory pension (22%).
Yvonne Smyth, Director of Hays Legal says:
“Our research reveals a high level of dissatisfaction from legal employees with their salaries, which in some cases have remained unchanged for a number of years. As a result, and combined with a noticeable upswing in specific job vacancies and increasing fee earner confidence, many professionals are actively considering new job opportunities. Competition for skills is increasing, with shortages already emerging in certain areas including corporate, banking and commercial property and the supply of 1-3 years’ PQE lawyers with relevant and required expertise is much lower than current demand.
“Certain in demand fee earners are confident that they can earn more, and possibly also accelerate their career prospects, and have decided to make a career move. Others will follow suit over the next 12 months and the situation could soon reach crisis point for employers fighting for the talent they need. Employees rarely move for salary alone but it is always an important consideration and employers need to look at what they can offer in order to attract and retain the best employees.”
To access Hays UK Salary and Recruiting Trends 2015 visit www.hays.co.uk/salary-guide
For further press information please contact:
T: 0207 200 3760
T. 020 7200 3760
About the Hays UK Salary Guide 2015:
This guide has been compiled using data gathered during 2014 from 96 Hays offices across the UK. The salary data is based on job listings, job offers and candidate registrations. The findings of our benefits survey are based on responses from over 10,000 employers and employees from organisations of all sizes throughout the UK.
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 2014 the Group employed 8,237 staff operating from 237 offices in 33 countries across 20 specialisms. For the year ended 30 June 2014:
- the Group reported net fees of £724.9 million and operating profit (pre-exceptional items) of £140.3 million;
- the Group placed around 57,000 candidates into permanent jobs and around 212,000 people into temporary assignments;
- 24% of Group net fees were generated in Asia Pacific, 42% in Continental Europe & RoW (CERoW) and 34% in the United Kingdom & Ireland;
- the temporary placement business represented 59% of net fees and the permanent placement business represented 41% of net fees;
- Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA