A new study by Tewkesbury-based SmartSurvey has revealed who’s changing their jobs most often.
Not surprisingly it’s those aged 16-20 who change jobs most often, the survey finds. By the time a worker is over 60, only five per cent change jobs.
More interestingly the survey throws up other factors, including gender. Breaking workers down by gender, there is a significant difference for men and women in terms of earning potential. While the growth of earnings for those who stayed in their jobs was similar for both genders, men who changed jobs saw a larger increase in earnings than women. For the 2018 figures, the sample included 45.5 per cent male stayers and 43.5 per cent female stayers, indicating that women were changing jobs at a higher rate than men.
How common is it for people to change jobs due to a relocation? And what does the movement between regions look like?
Northern Irish workers are most likely to continue working in their region, with just 4.6 per cent of those changing jobs from 2017-2018 leaving Northern Ireland. The East Midlands region, on the other hand, had the highest proportion of workers leaving the area, with just over a quarter of those changing jobs choosing to move elsewhere. Just over 23 per cent of workers in the South East leave the area, followed closely by the West Midlands, which saw just under 23 per cent move to where the grass might be greener.
Workers in the South West, however, seem happier with their surroundings, with just over 19 per cent of workers are leaving the area to work elsewhere.
There seems to be more of an incentive for those in the private sectors to change jobs as they experience a higher rate of growth of earnings when changing jobs compared to public sector workers. While private sector workers have a higher growth of earnings compared to public sector workers even if they stay in their current jobs, the rate at which they can increase their earning potential by changing jobs is also higher, with a difference of 4.8 per cent compared to 3.7 per cent in the public sector.
And when you look at sectors, those who work in production are much more likely to stay in their jobs, while those in the service industry change jobs far more often (a percentage which is likely to rise fast this year following the devastation to the sector from the pandemic) . However, it was those in production who actually saw their earnings increase the most when they did choose to change jobs, with an average increase of 10.5 per cent to their hourly earnings.
Looking back over the past twenty years, the amount of people changing jobs is fairly similar to at the turn of the millennium, but there have been some significant changes in that period.
The number of people changing jobs plummeted to 5.7 per cent in 2010, following the financial downturn, with workers generally feeling less confident of taking a risk and moving to a new job or industry.
However, in the years since, the number of people changing jobs has steadily increased as the labour market recovered, with the number of people changing jobs more than doubling between 2010 and 2018.
There were more men than women changing jobs up until 2003, at which point things changed, and in every subsequent year, there has been a higher proportion of women looking to change jobs, compared to their male counterparts.
All data is taken from the ONS report – Analysis of Job Changers and Stayers and features data from years 2000-2018 in the UK.