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In today’s job market, 71% of UK professionals are reluctant to switch jobs due to concerns over job security, a trend now termed “The Big Stay.” Global recruiter Robert Walters warns that staying in a stagnant role can harm both individual careers and the economy. A recent poll shows that 76% of professionals prioritise job security when considering new roles, with 16% avoiding applications altogether.
This shift is stark, with 77% now prioritising security over pay, driven by economic uncertainties like inflation and unemployment. Consequently, hiring managers report a rise in candidates declining job offers due to concerns over salary, culture fit, and company stability.
To tackle this, 75% of companies have adapted their recruitment strategies, focusing on greater transparency about growth plans and industry challenges. However, only 13% are upfront about financial performance. Chris Eldridge, CEO of Robert Walters UK & Ireland, suggests that transparency about challenges can actually attract professionals eager to make a difference.
Key Points:
Job Security Concerns: 71% of UK professionals are hesitant to leave their current roles due to job security fears.
Economic Factors: Inflation and unemployment are key reasons for prioritising job security.
Employer Transparency: Companies are becoming more transparent to attract the right talent.
This trend signifies a significant shift in workplace priorities, with both employees and employers navigating the complexities of a volatile economy.
