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The death of the job for life

The death of the job for life

The job for life is officially over, as more than a quarter (26.7%) of young workers (aged 16-34) say they want to change jobs between eight and twelve times during their working lives.

By contrast, older age groups show more loyalty to their employers, according to a survey of over 1000 UK workers by hyphen, the recruitment solutions provider. A maximum of four jobs was ranked preferable by over a third of 45-54 year olds (39%) and the 55 age group (34.4%).

Despite this, however, less than one in ten (8.6%) workers nationally expect to stay in one job for their whole careers.

Lawyers stay put

Workers in the legal profession are the most settled, with over a fifth (20.8%) expecting to remain in one job throughout their working lives. HR, Sales and Marketing professionals will have the most diverse CVs when they retire, with approximately a quarter (25% and 24.4% respectively) looking to change jobs between eight and ten times.

Zain Wadee, Managing Director at hyphen said: “Persistent economic volatility, combined with the end of final salary pensions, increased mobility of workforce and higher expectations of employers, means a new generation of footloose workers is entering the job market. Our research shows that it is time for employers to acknowledge the job for life is dead and turn their focus to engaging and retaining their employees.

“In particular, we would advise employers to think about the quality of management and the learning and development opportunities they offer. Whilst the workers we polled rated improved salary as the top reason to remain in a job, factors contributing to the working environment also ranked highly as reasons to stay, including strong line management, relationship with colleagues and opportunities for career development.

“Culture in particular was revealed as important to younger workers with over half of 16-24 year olds (54.3%) and 25-34 year olds (52.4%) claiming cultural fit to be very important in their decision to stay in a job. These are all elements of the working environment employers can actively work to improve.

“We would strongly recommend employers to do this as, if they do not, not only can high staff turnover be damaging to their reputation, it can also lead to a perpetual lengthy and expensive recruitment process.”


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