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One third of Brits would stay in a company for more than FIVE YEARS without a promotion

New research from the UK’s leading independent job board, CV-Library , has found that UK workers are not as ambitious in their careers as originally predicted, with 31.4% willing to stay at a company for five years or more, without a promotion.

Company Profile

CV-Library.co.uk

The study, which asked 1,200 UK workers about their attitudes towards promotions and job titles, found that 85.1% of Brits stated they expect to get promoted at random points during their employment, depending on their performance. Other key findings include:

  • Just under a third (32.4%) have moved companies in order to secure a promotion elsewhere
  • …while 37% would be more likely to take a job if it had the word ‘manager’ in the title, rising to 54.8% amongst 18-24 year olds
  • BUT, two thirds (64.5%) do believe that job titles are important

Lee Biggins, founder and managing director of CV-Library comments:

“It’s clear that many workers in the UK are happy to move forward in their employment without a promotion and this isn’t necessarily a bad thing! Working hard doesn’t always have to result in a change in your job title, but as long as they’re being rewarding for their hard work in other ways, such as pay rises, extra perks or more holiday days, then that’s the most important factor.”

When asked what was most important to them when looking for a job, workers stated that salary was the number one factor (32%), followed by daily responsibilities (27.4%), the company they’re working for (23.7%) and the location of the job (12.7%). Less important, but still factors that they consider were the job title (2.6%) and the added perks that the company offers (1.5%).

Interestingly, money was most important to those aged 35-44, while 45-54 year olds were most concerned with the company that they would be working for. Those aged under 18 were the most likely to prioritise workplace perks, with one in 10 (11.1%) stating that this was most important.

Biggins continues:

“We all have different priorities in the workplace and a promotion isn’t always one of them! Money continues to be a key driver for workers and can often be a deciding factor in whether to move jobs or not. What’s more, the actual job in question is extremely important and you do actually have to like what you’re doing! It’s important to talk through priorities with employees and potential candidates– both in terms of financials and their own development.”