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A new survey has revealed there are millions of people currently looking for a new job, with more Londoners doing so compared to the rest of the country.

Just over a quarter of those surveyed said that they’ve been ‘actively job hunting’ because of the growing pressures of the cost of living.

Findings from the Ciphr report show that as many as 55% of Gen Z employees (those ages 18-24), and 34% of younger Millennials (aged 25-34) said that they were looking for better paying roles.

These figures are lower for the older generations – just 28% of those aged 35-44 years old, 22% of 45-55-year-olds and nine per cent of those aged 55 are currently seeking new jobs.

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Claire Williams, chief people and operations officer at Ciphr, commented on the findings, “It’s still a highly competitive job market, and I’m sure most employers are very aware that retention continues to be a challenge. Especially when so many people are continuing to feel financial pressures.

“Inflation may have come down from the double-digits of recent years, but the cost of living and the cost of doing business remains high.

“We know that from previous research that salary is rarely the only aspect of a job that governs whether people stay or leave an organisation.

“Work-life balance, workload demands, career and development opportunities, management behaviour and practices, job autonomy, feeling appreciated, sense of belonging, being treated fairly, job security, and good benefits, among many other things, all have an influence too.”

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