What does 2021 hold?
By Matthew Langin
With multiple lockdowns, the rise of working from home and the reliance on Microsoft Teams, 2020 gave us a new perspective of what the future may look like for organisations. It was a roller coaster ride for many, their job security was uncertain, and the introduction of furlough seemed promising. Fast forward to August, and 1.6 million people across the UK were unemployed. But, as shown in Investors in People, 2020 held the same predictions for their year to come.
With such close predictions, what can we expect from 2021? Will it be the same?
Well, for starters, Tiger Recruitment recently shared a study they conducted where 41% of UK employees are planning to quit their jobs in 2021. They also found that 55% of those people said their employer could have done more to support them during the pandemic. But what was their number one concern for their jobs? Respondents stated that a pay rise, job security and work/life balance all played a big part in their jobs.
A change in career is being spoken about everywhere, including in Adzuna’s recent study. They found that a quarter of UK workers were looking to move jobs, equating to 2.2 million working adults, 7% who said they would definitely look to switch jobs in the new year.
But this divide over quitting or staying is not equal across genders. In Adzuna’s survey, they found that men were more likely to be considering a career change over women. 10.4% of men said they would definitely be looking for a new opportunity, compared to 4% of women saying so.
But the job market’s sudden increase in popularity is not solely down to the employees. With a recent wave of lockdowns, businesses have been forced to look at their staff, and see what they can do to survive this pandemic. A study by Manpower in December 2020 found that among the 1,300 polled, more organisations were looking to shed staff in the first three months of 2021, not hiring them. So much so, that the Office for Budget Responsibility found that joblessness will hit up to 2.6M by the second quarter of 2021. It’s a scary time for many, with not a lot of security being shown.
What does this mean for your organisation? And how are you helping to support your employees?
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