47% of Britons Want a Career Change

47% Career Change

The London School of Business and Finance (LSBF) recently published a report that answered the question ‘Are UK professionals looking for a career change?’

The report was based on a survey and the survey results indicated that practically half of all workers in the UK (47%) would like to Career Changechange career.

The research shows that more than one in five workers (21%) are looking to career hop in the next twelve months, with increased salary prospects, better work-life balance and improved job satisfaction cited as the main reasons for wanting to make a switch.

47% of the UK work force would like to make a career change, 55% of workers in London want to change careers, 45% within next two years.

Nearly a quarter (23%) of British workers in employment revealed they would actually go as far to say that they regret their current choice of career – this figure rose for younger workers, with 30% of 25-34 year olds regretting their current career choice.

Regionally, professionals in London and Scotland are the most likely to regret choosing their current careers and the main reason for them to do so is work/life balance.

66% of Millennials (people aged 18-34) want to change careers, 23% of all UK workers, and 30% of people aged 25-34, regret current careers.

Further analysis reveals that more than half Millennials (people aged 18-34) want to change their career – a trend that is particularly clear in London and Scotland.

29% cite financial insecurity as main reason for not changing careers; figure goes up to 41% for Millennials.

The results also seem to suggest that better salary prospects is the main reason driving Millennials to make career changes, while workers aged 35 to 44 would be more interested in a career move that improved their work/life balance.

The statistics also showed differences in attitudes among age groups with almost two thirds (65%) of workers aged between 25 and 34 wanting to change career, compared with just 19% of over 55s.

Despite such disillusionment, many people are still unwilling to change careers owing to a number of factors they feel hold them back.

Almost a third (29%) said the lack of financial security around changing careers was a major barrier, while uncertainty about what to switch to (20%) and a fear of failure (15%) were also identified as obstacles to changing career.

Both Ann and I have actually gone through a career change many years ago and the choice of making a change was accompanied with a niggling fear of the unknown, the fear of failure and perhaps comments from family and friends. All those fears gradually faded away over time but the comments of family and friends never did.

Is the report accurate? Are you one of the 47% who want to change their career? Please comment below to give us your thoughts.

If you’d ever like to know how you can change careers without affecting your financial security, I’d be glad to tell you here. Meanwhile, here are three success stories.

 

 

About The Author

Mike & Ann

Mike & Ann Ruffles have been Foreverpreneurs since 1996, they live on their Sailing Yacht in France most of the year. Both are passionate about helping people to live a healthier, wealthier lifestyle. You can reach them on Facebook Here.

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