Employers are facing the prospect of staff attrition across a range of functions, with 31% of professionals actively looking for a new job.
Confidence on the rise
Many UK professionals are optimistic about the future, with 81% expecting to receive a pay rise this year.
"Despite some uncertainty in the wider global economy, professionals in the UK remain confident in their ability to secure a pay rise in light of steady growth across many industries," says Colin Loth, Managing Director at Robert Walters.
Job market expectations from candidates
- 72% are expecting a pay rise of up to 10% of their base salary
- 74% anticipate receiving a bonus
- Almost a third of professionals are currently looking for a new job
The survey also revealed that career progression is the top priority for professionals when considering a new job. 43% said that this was their most important consideration, compared to just 23% who prioritisied a higher salary or bonus.
"For employers, while benchmarking salaries and bonuses to ensure they are competitive is important, offering structured potential for career progression will be key to attracting and retaining top talent," added Colin Loth.
About the Survey
The Robert Walters Pay and Bonus Survey questioned professionals on a range of compensation questions, including pay and bonus expectations, career plans and how long they intend to stay at their current firm.
View detailed results for each of the following divisions:
Robert Walters produces regular research publications on the recruitment market in the UK – visit the Hiring Advice section for a full list.
Are we facing a skills shortage? What do employers need to do about it? Read the Robert Walters Whitepaper on recruiting professionals in a candidate short market.