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UK Workforce Fear & Mobility Index: When Opportunity Knocks, UK Employees Are Answering

Tuesday, June 18, 2019

What impact is Brexit having on the UK labour market?

That’s just one of the questions looked to answer with our commissioned proprietary survey of workers across the United Kingdom. The answer: While Brexit is driving overall fear and uncertainty in the labour market, it’s not stopping UK employees from hunting for the next job opportunity.

What does this unexpected employee behavior mean to organisations?  They need to double down on retention efforts and instill confidence in job security for effective workforce management.

Download your complimentary Workforce Logiq market research report: UK Workforce Fear and Mobility Index: When Opportunity Knocks, UK Employees are Answering, which reveals:

  • 75 percent of respondents think the UK economy is going to get worse in the next year
  • 56 percent of respondents said they plan to change jobs within the next 12 months
  • 25 percent of UK employees plan to join the gig economy in the next 12-18 months to either supplement their income or earn all of their income

An interesting layer in the UK’s fear and economic instability story is an incredibly tight labour market. The UK’s unemployment is at 3.8% — the lowest since 1974. Employers are feeling this labour crunch — nearly three-quarters of HR professionals (72%) expect the competition for well-qualified talent to increase, and nearly two-thirds (61%) predict further difficulty in recruiting senior and skilled employees over the next three years according to the Chartered Institute of Personnel and Development (CIPD).

Even though hiring permanent positions may be more difficult for UK-based organisations in the current economic landscape, there is an enormous opportunity for firms to take advantage of contingent workforce solutions.

Download our complimentary whitepaper for the full results of our UK proprietary research study by completing the form below.

For additional Workforce Logiq UK Employee Fear & Mobility Index Study insights view our infographic.

 

For insight into our Workforce Logiq U.S. Employee Fear & Mobility Index Study, download our white paper and view our infographic.

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