According to a recent survey from job board CV-Library, 59% of UK workers have said that they are willing to retrain in a new line of work following the coronavirus pandemic.
Why do people want to reskill?
The most common reason people wanted to reskill was to make themselves more employable (51.8%) , followed by the fact that they can’t find a job (32.4%) and because they want better job security (32%). Other reasons also included, wanting a more meaningful job, wanting a role with a higher salary, and others wanted to simply change industries.
The job market is going to be impacted by the pandemic for a long time, especially as we are now officially in a recession. With limited jobs available, professionals will need to be more open to opportunities outside of their traditional remit, and employers will need to be more open to hiring people from different sectors.
Which sectors are people looking to leave?
Further analysis from CV-Library looks into which industries people in different sectors are applying for jobs in. For example, the data showed that professionals who are registered as working in charity have been applying for work in administration, social care and education first; while workers in hospitality have been looking for opportunities in construction and administration.
In addition to this, retail professionals have been applying for jobs in administration, construction and customer service; and catering professionals have been searching for roles in construction, distribution and hospitality.
When looking at the date by industry, results showed that 92% of professionals in the charity sector were most likely to reskill in a new line of work, followed by 80% of customer service professionals. 75% of leisure and tourism and 73% of hospitality. Certain sectors have been hit a lot harder than others, meaning that professionals in the worst affected sectors have had no choice but to look for a new job in a different line of work.
Permanent and Contract Roles
At the beginning of the pandemic, employers attempted to reduce labour costs by cutting part-time and contract roles first, only retaining their permanent staff in the expectation of an economic recovery. However, as the downturn dragged on and became a recession affecting every sector, organisations began converting permanent roles in to contract ones. Figures show that as of June 2020, 32% of organisations are converting permanent roles to contingent ones, allowing companies to reduce salaries as a whole, as well as benefits that would otherwise be expensed to the payroll. Other advantages of hiring contingent workers is flexibility, cost and experience. Read more about how contractors are a solution for a faster economic recovery here.
How TCP can help
If you are hiring contractors, or you are a contractor yourself, working in an office or remotely, TCP can act as the employer of record, managing your payroll, tax and social security within the country where your work is being done.
TCP is part of the People 2.0 group and have offices around the word that we can bring you in contact with. We operate across Europe but also America, Canada and the APAC region.
If you would like to speak to a member of our sales team about how we can help, please contact us via email@example.com or send us a message via our contact page. We would be delighted to speak to you regarding the possibilities.