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More people looking for higher paid jobs this year to beat cost of living crisis
04.01.2023 - 17:11 / dailyrecord.co.uk
The start of a new year presents a perfect opportunity for change, especially during these challenging times as the ongoing cost of living crisis continues to put the squeeze on household and personal spending power. It should come as no surprise then that a new survey of 2,500 workers has found that around one in 12 (8%) people are looking for a new job this month.
The research from Totaljobs also shows that nearly a third of workers (31%) are planning to find a new role at some point in 2023. Higher salaries are the top driver behind job searches (57%) in the next 12 months as people seek higher pay to counteract the rising cost of living.
This was followed by a lack of job satisfaction in their existing role (39%), wanting a better work/life balance (33%) and seeking better growth and training opportunities (25%). Nearly three-quarters (74%) of people said rising living costs mean they are worried about their financial situation.
However, flexible working options also remain a priority, with a quarter (25%) of people expecting employers to offer more flexible working options.
Nearly two-thirds (62%) of people said that, in light of the cost-of-living crisis, they are more likely to ignore a job advert that does not disclose the salary.
Steve Warnham, senior researcher at Totaljobs, said that firms setting fair and transparent salaries and promoting the support and non-monetary benefits available to staff "will be key to ensuring businesses can continue to plug skills gaps and bounce back when the economy recovers".
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