UK job market shake up: Half of all employees poised for career moves in 2024

UK job market shake up: Half of all employees poised for career moves in 2024

Who’s Ready to Swap Their Desk in 2024?

New research from Pluxee UK shows that although 72 % of UK workers feel happy with how they’re currently doing their jobs, a surprising 49 % of them are on the lookout for a new gig next year.

It’s All About the Younger Crowd

  • 18‑24 year olds (the Generation Z crew) are the most enthusiastic, with 63 % actively searching.
  • 25‑34 year olds (the Millennials) are close behind, with 66 % thinking of a move.

As these young folks plan to buy their first homes and settle down with families, they’re not just chasing the newest tech—and they’re placing a premium on money and a good work‑life blend over the older generations.

What Employers Must Offer to Keep Their Talent

When asked what would sway UK workers to stay—or switch—to another employer next year, more than a third of respondents said:

  • Better pay and perks (37 %)
  • Flexible working arrangements (17 %)

In an economy still battling a cost‑of‑living crunch, a lot of people need extra income to cover the day‑to‑day “yup, I’m going to the grocery store” costs. With the stress of demanding job roles and an uncertain financial outlook, professionals are also pushing for a healthier lifestyle—making time for family, hobbies, and a touch of self‑care.

Bottom Line?

If you want to keep your workforce from hopping over to competitors, plug in some extra cash, lock in flexible gig‑options, and remember—people really want the balance between a paycheck and a sense of well‑being. Don’t forget to add a little humor and heart into the mix—it keeps emails from looking like a bland corporate brochure and shakes the “robot” vibe off the message.

UK job market shake up: Half of all employees poised for career moves in 2024

What UK Workers Want From HR Over the Next 12 Months

According to fresh research, the top three things that UK employees shout “I need this right now!” are:

  • Reward & Recognition44 % of respondents put it first.
  • Health & Well‑Being40 % follow close behind.
  • Fixed Flexible Working38 % of people want a steady yet adaptable schedule.

Why Employer‑Backed Benefits Matter

“Employers are under increasing pressure to retain their staff, who are enticed by higher salaries elsewhere,” says Graham James, Director at Pluxee UK. “While not every business can afford to offer significant pay rises or bonuses, many organisations can ease financial stress and help employees manage worries.”

Pluxee UK’s study shows that employees can actually pocket up to £1,679 through cash‑back and savings programmes offered by their employers – more than a few people’s monthly grocery budgets!

Investing in Employee Assistance Programmes and giving staff access to independent financial advice is not just a nice-to-have; it’s a must‑do. These initiatives slash employee stress and play a huge role in attracting, keeping, and engaging top talent.

Where the Gap Lies

More than half – 54 % – of UK workers feel there’s a disconnect between what they expect and the real priorities of their HR teams for 2024. The issues raised include:

  • Low wages to cost‑of‑living ratio
  • Missing support for financial planning
  • Challenges around work‑life balance
  • Need for better employee well‑being plans
  • Lack of a tailored benefits approach

Listening, Evolving, and Flourishing

Graham adds: “When you’re thinking about what benefits to offer, you have to listen to employees. Regularly review and fine‑tune your benefits based on real feedback. Anonymous surveys, and one‑to‑one chats give HR teams the pulse they need.”

He also highlights that beyond pay bumps, organisations can:

  • Educate staff on financial literacy
  • Offer perks like buying spare leave days
  • Align perks with what people actually need

Bottom line – a good benefits package isn’t just about dollars and cents; it’s about showing employees that you care and that your company’s growth is built on a happy, financially confident workforce.

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