Nearly half of UK employees worry they're missing out by not switching jobs sooner

Nearly half of UK employees are worried they've missed out on fantastic opportunities due to their reluctance to leave their current job.

A survey of 5,000 full and part-time adults revealed that 64% of those who have regretted a job move in the past are now more cautious about seeking new opportunities.

The main reasons for this hesitancy include concerns over work/life balance (29%), losing current flexibility (26%) and having to learn new processes elsewhere (18%).

Despite these fears, almost a quarter (23%) are considering re-entering the job market, with 11% already actively looking for new roles.

Indicating a potential shift in the market, 73% of job seekers plan to look for a new role within a year, while 12% are waiting for the economic situation to improve.

Doug Rode, managing director UK&I at recruitment firm Michael Page, part of FTSE 250 PageGroup, which commissioned the research, suggested: "Nervousness around changing jobs is understandable, but don't let it hold you back from career growth, higher salaries, and more fulfilling job experiences. "

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Urging action, he said: "For those who are considering a move, but not yet taking the steps to do so, I would urge action sooner rather than later. Our research indicates a shift in mindset with many preparing to make bold moves."

"Economic predictability and a demand for new skills are driving a renewed sense of optimism. There's pent-up demand in the marketplace due to organisations not backfilling positions in the past year"

"[This] could result in a wider selection of opportunities coming to market in the not-too-distant future. Candidates that put in the groundwork today will reap the rewards and avoid missed opportunities."

Adding to feelings of regret, it has been revealed that 51% of workers feel like they are stagnating in their current roles.

Two-fifths of those who feel this way also believe their employers are limiting their prospects for promotions or pay rises, while 27% no longer find the work challenging.

A further one in four (26%) say they have limited opportunities for learning new skills in their current job.

Despite many having frustrations with their current circumstances, the research reveals complex hiring processes can be just as unappealing.

Facing more than two rounds of interviews (38%) and preparing a presentation (38%) are the most off-putting elements.

While many aren't thrilled with the idea of attending an in-person interview (31%), the findings, conducted via OnePoll, found.

At the application stage, 57% of workers would like employers to be more transparent about salary and benefits in job adverts, and 47% seek more detailed job descriptions.

When it comes to their next role, candidates prioritise competitive pay (50%), flexible working hours (41%), and proximity to home (37%).

In terms of benefits, workers want to know about holiday allowance (51%), pension plans (46%), and training opportunities (29%) before applying, highlighting the need for transparency in job adverts.

Doug Rode, from Michael Page, commented: "While the demand for talent remains high, companies must look for every advantage in attracting the best talent out there."

"The importance of first impressions is no secret, with candidates swayed by everything from the clarity of a job advert to the setting of a first interview."

"Employers must remain alert to shifting worker priorities, communicating beyond the day-to-day role, and outlining the company culture, benefits, and opportunities for growth."

"The job application process has evolved, and there are now just as many candidates interviewing potential employers as vice versa."

"For businesses seeking new talent, staying true to your company values and articulating what sets your company apart will help you attract not just the best talent, but the right talent for you."