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Considering a career move in 2022? You are not alone...
Historically, January is always a busy time for recruitment, however the turmoil of the past several years, in addition to wider economic trends, seems to have brought about an even more significant shift of people considering a career move in 2022…
New Year's Resolutions
Whether it’s learning a new language, getting yourself to the gym, or starting a brand new hobby, there’s a reason why the new year boosts our motivation to make a change. We see it as a fresh start. We assess the year that’s just passed and it’s successes and failures, and critically think about what we value in our lives and what motivates us. For many people this involves an in-depth personal evaluation of what they spend the majority of their waking life doing – work.
"The Great Resignation"
It’s fair to say that the past several years have had a huge impact on us all, and amongst the major economic trends that the global situation has brought about, what’s being dubbed as “The Great Resignation” has been one of the most significant recent trends. Research suggests that high levels of burnout and the increasing number of vacancies available have encouraged many people to reassess their careers, their work-life balance, and their future. Resignations tend to snowball within organisations too, whereby a previously apprehensive employee may be given the confidence to make a move after seeing a close colleague make a successful career change.
Increasing business confidence
As previously mentioned, the number of available vacancies is increasing which many industry commentators are attributing to an increase in business confidence following the initial pandemic pessimism. Data shows that the latter quarters of 2021 saw business confidence, measured by the extent to which companies are more or less confident for the next 12 months compared to a year earlier, rising to unprecedented levels. This increased business confidence in turns provides a wealth of opportunities for “on-the-fence” candidates to make a change, who may have previously be reticent to move.
Implications to employers
This boom in career moves is a bit of a double-edged sword for employers, mainly depending upon their individual situation. If they’re on the lookout for new talent to drive their business forward, an increase of high-quality candidates in the market is music to their ears. On the other hand, organisations may see their workforce decimated which can obviously cause a plethora of negative effects on their business. Employers really need to analyse their practices when it comes to employee retention to ensure they don’t end up a victim of this trend rather than seizing it as the opportunity it should be.
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