Thursday, June 13, 2024

1 in 3 Brits have considered new jobs as a result of the Cost of Living crisis

A new report from admin and temping recruitment specialists, Oriel Partners, has revealed the impact of the cost of living crisis on Britons. The survey of 1,000 UK residents found that 1 in 3 adults have considered changing their job to increase their salaries, with those aged 25-39 feeling the most pressure. 

According to the research, 76% of respondents have been impacted by the rising cost-of-living crisis. Of those affected, 27% are “very worried” about their financial stability and 52% have expressed “some concerns”. To cope with these worries, 58% are cutting back on gas and electricity use due to affordability concerns; 26% are using savings for bills; 15% are selling valuables or unneeded items to reduce expenditure; and 27% are considering changing jobs in order to improve their financial stability. 

Another study conducted by London storage company, Storage X, found that one in four UK-based adults have seen an increase in their monthly housing costs due to the Cost of Living crisis, with 12% of those living in London having been forced to consider moving home in response to rising costs.

Commenting on the findings, Oriel Partners Director Olivia Coughtrie said: “Our research shows just how much the cost-of-living crisis is affecting people’s lives – especially young people who are at an age where they should be building for their future rather than worrying about basic necessities. It’s clear that more must be done to address this issue and ensure everyone can access a secure job with good working conditions that pays enough for them to live comfortably without fear or worry.” 

The report also discovered that 9% of those aged 25-39 need to change jobs in order to improve their financial security and 35% of Londoners are considering a job change due to affordability issues. This is further proof that people all over the UK feel increasingly pressured by rising costs and wages not keeping up with inflation rates. 

Oriel Partners is committed to helping people find meaningful employment which provides sufficient income so they can live comfortably without worry or fear. Their team works hard every day to match employers with talented admin candidates who will thrive in their roles while being fairly compensated for their work.

Oriel Partners’ Top Tips On Landing A Higher Paying Role

Choose a Lucrative Industry

Choosing an industry that’s in high demand with good earning potential increases your chances of securing a high-paying job. Technology-related industries such as software development, data science, and cybersecurity are presently the most in-demand with a high earning potential. Research the career options that align with your interests and skills to guide your career choice. It’s also worthy of note to consider industries like healthcare, finance, and engineering that offer numerous high-paying positions.

Gain Professional Experience

Professional experience is a critical factor in career advancement. As you gain more experience, you’ll be considered for more senior positions, which often means higher salaries. This process can be achieved by starting at an entry-level job and progressing through the ranks. Also, joining professional organisations or community groups and volunteering with projects help advance your career.

Demonstrate Initiative To Current Employer

Your current employer provides you with the necessary experience and skills that can land you a high-paying job. To achieve this, it’s necessary to demonstrate initiative in your current role. Demonstrate your proficiency and willingness to take on additional responsibilities. This approach demonstrates your commitment to the organisation and highlights your potential value to future employers.

Develop Versatility and Skills

Employers seek individuals with a vast range of experience and skills. They need people that can bring different combinations of expertise to solve complex organisational challenges. By developing versatile and specialised skills, you differentiate yourself and become a valuable asset to your employer. Invest in online courses, join vocational schools or certification programs, attend related conferences and enhance your existing skills.

Become an Expert

Becoming an expert in a particular niche can open up opportunities in your career. As you focus on a specific area, you often gain a unique perspective and a deep understanding of your field. Share your expertise by writing research papers, blog posts, or by speaking at conferences. This approach demonstrates your proficiency, credibility, and can put you in greater demand among potential employers.

Develop Leadership Skills

Employers seek individuals with leadership skills to manage and lead projects to achieve results. Leadership skills include communication, problem-solving, decision-making, and teamwork. Volunteer with a project or take on leadership responsibilities at your current job to develop your leadership skills.

Aim High with Your Job Search

To secure a high-paying job, you need to apply for jobs that match your level of experience and desired salary. Avoid underselling yourself by only applying for entry-level jobs. Apply for jobs that offer a competitive salary and benefits package, even if it seems intimidating. A positive mindset and self-belief can help you achieve your career goals.

Research Prospective Employers

Before you apply for a job, it’s essential to research prospective employers. Check company websites, social media platforms, and third-party review sites for information about their culture, values, and financials. This pre-search often highlights red flags and discrepancies that can help you determine if the job is worth pursuing.

In conclusion, to get a high-paying job, you need a deliberate approach and a willingness to put in work. Choose a lucrative career path, gain professional experience, develop versatility, and leadership skills, become an expert in your field, aim high with your job search, and research prospective employers. By following these tips, you can take your career to the next level and secure a lucrative job role.

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