An interesting survey was released this week which revealed that almost one in three UK workers in jobs that are under threat of automation or that are already being squeezed are choosing to stay in the expectation that they will be made redundant rather than retraining or looking for a new position. This rises to over two in three for those under the age of 35.
Training company Learning People asked 1000 UK workers in positions and industries that are experiencing declining demand how they viewed their current and future career prospects.
They included administrative and secretarial roles, agricultural workers, machine operatives, land transport workers and retail sales and customer service staff.
67% of the younger cohort aged 35 and below say that their teams are already shrinking and their workloads increasing as a result. 59% have experienced a pay reduction or freeze and just under half, 45%, say redundancies have become commonplace which explains why they are happy to be unhappy in a job rather than look for a new position. Only 9% of those surveyed said they had begun retraining or planned to while 23% said they wanted to switch careers but didn’t know what else to do.
Mike Appleby of Learning People said: “Ten years on from the financial crisis many employers are still in a cycle of redundancies, especially those adapting to automation. If you think redundancy’s coming, it can make sense to hold out for a payout, but they shouldn’t stand still in the meantime.
“It’s difficult for employers too. The issue for HR is that they often talk about talent and skills shortage but job adverts focus too much on specific relevant experience. This means a lot of people who are from different sectors are put off by listing required skills but we need to think about what these relevant skills mean. We should look more at transferable skills – instead of focusing on what people have done, we should look at what they can actually do.”
Being made redundant will mean some adjustments to your life and circumstances, it can also lead to positive changes including being able to change careers and retrain for a position with more prospects and potential.
Redundancy also affects owners and directors too. If you think your business maybe heading in a terminal direction and you’re worried about employee entitlements or what you might be able to recover for yourself, our expert team can help assess your options and let you know what steps you can take to ensure the best possible outcome for everyone.
Contact us today to discuss your entitlements and take that first step to a better and brighter future.