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Workers ‘change job for better pay’

Workers ‘change job for better pay’

28 July 2011

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The prospect of earning more money has been cited by workers in a survey as the main reason for switching jobs.

The study conducted by the Chartered Institute of Personnel and Development (CIPD) indicated that job satisfaction is no longer the main factor for taking up a new role.

More than 50% of 2,000 employees who took part in the poll said they are most likely to change jobs due to better pay prospects and other benefits.

The economic uncertainty has affected a huge number of people, with over a third claiming that their standard of living has deteriorated over the past six months.

The report added that nearly 10% of people struggle to bills, while one in five often run out of money by the end of a month.

Ben Willmott, Senior Public Policy Adviser at the CIPD, said: "Employees are feeling the squeeze as a result of pay freezes or low pay settlements that fail to keep up with inflation."

Copyright © Press Association 2011

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