Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Home Opinion Over half of Birmingham staff looking for a new job: salary demands driving talent exodus
Opinion

Over half of Birmingham staff looking for a new job: salary demands driving talent exodus

by Uma

 

Better salary and more flexibility top reasons to seek new role

Over half of Birmingham workers are seeking a new job, with more money and flexibility cited as the top two drivers, prompting fears of a mass talent exodus at a time when employers are already contending with acute skills shortages. That’s according to new research by specialist recruitment firm, Robert Half.

Candidate confidence at an all-time high

The company’s Candidate Sentiment Survey reveals that despite the tough economic climate, job seeker confidence is at an all-time high with 54% of those surveyed in Birmingham saying they were looking for a new job. This suggests that, while historically times of uncertainty have made workers cautious about moving roles, the huge pressure the cost-of-living crisis is having on households is actually prompting people to explore new roles. At a time of widespread skills shortages, this talent exodus will put increasing pressure on employers to reassess their attraction and retention strategies to ensure they have the resources they need to thrive in today’s tough talent landscape.

The research reveals that while salary is the main motivator to switch roles, with 45% of those surveyed saying this was prompting them to look elsewhere, workers are also seeking more flexibility (24%) suggesting that job seekers are also prioritising the flexibility they have become accustomed to post-pandemic.

James Paget, Market Director, Midlands Region, at Robert Half, commented:

“The fact that candidate confidence is so high – particularly in a period of uncertainty when we would normally expect to see the opposite – should come as a stark warning to employers. It’s clear from our research that while salary is certainly driving workers’ appetite for a new job, in a post pandemic era, workers are placing a greater emphasis on work-life balance with flexibility a key desire. We’ve seen time and time again companies mandating workers back to the office, however with flexible working patterns seemingly a must have for many people, employers should consider their offerings based on the wants and aspirations of today’s candidates who are certainly in the driving seat. Failure to do so, at a time of mass skills shortages will put employers on the back foot in today’s war for talent”.

 

Recent Post