Tag: CareerWallet

35% of under 30s looking for new roles 

CareerWallet a recruitment and employment technology company has published a national employee survey that has revealed new trends and insights into the UK job market. The report has highlighted the huge impact the steep rise in the cost of living has had on the job market with over a quarter (26%) of employees looking for a new role and 13% already requesting pay rises to ensure their current role covers additional costs. 

The survey showed that a further 12% of all employees are considering asking for a pay rise in the next few months with only 25% of all employees not considering changing roles or asking for a pay rise due to increased costs in the UK. Out of the employees surveyed the under 30s have been most impacted with 35% currently looking for a new role and the North East is the region most effected with 40% of all employees in the process of changing roles. 

The survey showed how many employees are being impacted directly by the increased cost of living and further highlights to employers that current salaries and any pay rises need to cover these costs to ensure they keep hold of their staff and prevent them from looking for other opportunities. 

Craig Bines, CEO at The CareerWallet Group, commented: “The 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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November 2021 saw five times more applications than the previous year 

A national job vacancy survey by CareerWallet has revealed detailed trends and insights into the UK job market. The report has highlighted the huge impact the pandemic has had on the recruitment sector in 2020 as job applications in the last quarter of 2021 were more than three times (369%) higher than the same time last year. 

According to the findings, the massive increase in applications is due to a renewed confidence in the job market and a backlog of employees who stuck out less than perfect roles due to furlough schemes or fears of leaving their roles in the midst of the pandemic. The report revealed that November 2021 was a record month for applications with almost five times as many applications as November 2020 with the surge continuing in December with over three times the applications during the festive period compared to last year. 

The report shows how the market has shifted over the last 12 months as jobseekers are less fearful of the economic impacts of the pandemic. 

Craig Bines, CEO at The CareerWallet Group, commented: “Our national report has highlighted how employees are returning to the job market in their millions across the UK and this number seems to be continuing to rise month on month. The skill shortage issues have been well-documented and as economic fears from the pandemic subside it is now clear that employees are becoming aware of the abundance of new potential jobs available to them.” 

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New data released by CareerWallet, a recruitment and employment technology company has highlighted the massive impact the pandemic has had on the recruitment sector as job applications in the last quarter of 2021 were 369% higher than the same time in 2020.   

CareerWallet, who processes 10 million applications a day believes this increase in applications is due to a renewed confidence in the job market and a backlog of employees who stuck out less than perfect roles due to furlough schemes or fears of changing roles in the midst of the pandemic. According to the report, November 2021 was a record month for applications with almost five times as many applications as November 2020 and the surge continued in December with over three times the applications during the festive period compared to last year.  

Craig Bines, CEO at The CareerWallet Group, commented: “Our national report has highlighted how UK employees are returning to the job market in their millions across the UK and this number seems to be continuing to rise month on month. The skill shortages issues have been well documented and as economic fears from the pandemic subside it is now clear that employees are becoming aware of the abundance of new potential jobs available to them.” 

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