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72% of Brits revealed they will not move jobs in 2024

New survey: Employee loyalty is in and employee happiness is up
Data shows that 35% of those in their job role for 1-3 years were aged 25-34.
Only 11% of respondents revealed that they ‘don’t care’ how often they move jobs.
The cost-of-living was a factor when it came to employees moving jobs in 2024.

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‘Career committing’ is the latest trend to sweep the business landscape. The phenomenon identified in new LinkedIn research found that 56% of the UK workers surveyed made positive changes at work in response to the current economic climate.

The latest research from instantprint asked employees: Does being a loyal employee reap more benefits than finding work elsewhere? Respondents were asked how long they have been in their current job and a quarter of respondents revealed they had been in their job between 1-3 years and less than 14% of respondents for less than a year. 16% of respondents have been in their role for 3-5 years, 11% for more than 10 years and 17% for more than 20 years.

The survey results showed that half of the respondents who had been in their role for 6 months were aged 18-24 and cited that Gen Z aren’t afraid of moving jobs.  Data shows that 35% of those in their job role for 1-3 years were aged 25-34 and 44% of those who have been in their current job for 3-5 years were aged 35-44.

Employees were asked if they were happy in their current job. Over three-quarters of respondents shared that they are happy at work and 15% revealed they are neither happy nor unhappy with just 4% saying they are unhappy. When asked if respondents are considering moving jobs this year,  72% revealed they are not considering moving jobs, 10% say they will consider moving jobs and 18% are unsure.

69% of respondents believe what they earn in their current role is enough, with no plans to move jobs.

Only 11% of respondents revealed that they ‘don’t care’ how often they move jobs this year as long as they are happy and 8% want to move jobs just once this year and then stay in that job for a while. A small percentage (2%) plan to quit and go freelance or self-employed whereas 1% are freelance or self-employed and plan to get a job this year.

More than half of respondents believe that they are paid fairly – with almost a quarter of respondents believing they aren’t paid fairly and 18% are unsure if they’re being paid fairly for their role. Of those who are paid fairly, 80% of those respondents were not planning on moving jobs this year.

Being underpaid was the top reason why employees were quitting their jobs. Nearly a third of respondents ranked this as the factor as to why they have or would quit their jobs. Although job happiness is important and employees see the benefits of staying in the same role, pay is an influencing factor to whether they remain loyal.

The cost-of-living was a factor when it came to employees moving jobs in 2024 with 10% of respondents saying they would consider moving jobs this year to earn more money. 69% of respondents believe what they earn in their current role is enough, with no plans to move jobs.

Of these respondents, over 70% had previously shared they believe they are paid fairly in their current job. For those who plan to move jobs in 2024 due to the cost-of-living, half of these respondents revealed that they don’t believe they are paid fairly.

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Lorien MPU