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Staying put | Staff admit being less likely to quit amid recession fears

Staff admit being less likely to quit amid recession fears

More than three quarters of UK workers (81%) are planning to ride out the recession with their current employer, despite nearly half (46%) admitting that they’d like to change jobs, according to data from people analytics company Visier.

As recent ONS data reports that the jobless rate fell to 3.5% in the three months to August, Visier research shows that Brits are reluctant to rock the boat with their current employer for fear of being left financially worse off.

When asked why they wouldn’t be keen to change job roles during a recession, concerns over job security in a new role (57%), having to settle for a lower salary compared to my current role (42%), and increased competition for current vacancies as a result of increased redundancies (28%) were cited as the leading reasons.

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