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Cost of living impacting careers

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Millions are looking for higher-paid roles or pay rises

According to a recently published national employee survey showing trends and insights into the UK job market, 52% of UK employees say that the cost-of-living crisis is impacting their career by pushing them to look for a new role or a pay rise from their current employer.

The survey by CareerWallet, went on to reveal that 27% of UK employees are already looking for a new role to earn more money to survive the cost-of-living crisis. A further 25% have either asked or are planning to ask for a pay rise from their current employer.

The cost-of-living crisis has driven up the costs of food, petrol, and energy bills. Of the employees surveyed, those under 30 have been most impacted. Thirty-five percent of these are in the process of looking for a new role. Regionally, the North East is most affected, with 40% of all employees changing roles.

The survey revealed how many employees are impacted by the increased cost of living. It highlights that current salaries and pay rises need to cover these costs to retain their staff and prevent them from looking for opportunities elsewhere.

Craig Bines, CEO at The CareerWallet Group, commented:  “At CareerWallet, we process millions of jobs a day and this allows us to quickly see how the job market is being impacted on a daily basis.

Our national employee survey has highlighted how UK employees are already being impacted by the rise in the cost of living and are actively looking to counter this by pursuing a new role or a pay increase and it is important that all employers are aware of this and act quickly to keep their talented people in their businesses.”

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