Career dissatisfaction high as many UK workers seek change, research reveals

One in four (24%) UK workers are dissatisfied in their careers, while a third (33%) are considering switching careers in the next year, according to new research by Indeed and the St. James’s Place Financial Adviser Academy. The research, which includes a poll of over 4,000 UK workers and job search data from Indeed, explores career satisfaction and the desire for change.

Despite widespread dissatisfaction, 27% of workers have never changed careers. However, 60% express a desire to switch careers within the next year.

Key Drivers of Career Dissatisfaction

Limited earning potential is a top reason for discontent, cited by 38% of workers. Financial pressures, particularly due to the cost-of-living crisis, contribute to this sentiment. Additionally, 37% of workers seek more meaningful work, and 36% find their current careers boring and unfulfilling. A toxic work/life balance is another common issue, noted by 32% of respondents, especially among Gen Z workers (37%).

Career Curiosity and Ageism

The research shows that Gen X workers are the most dissatisfied, with 27% unhappy in their jobs. However, only 28% of this generation are considering a career change within the next year. In contrast, 41% of Millennials desire a career switch in the next 12 months. Baby Boomers are largely satisfied with their careers, with 82% expressing contentment. Ageism may be a barrier for career changes, as 23% of UK workers believe the age limit to switch careers is in your 40s, and 12% think it is in your 30s.

Ideal Career Characteristics

More than two-thirds of respondents want a comfortable salary, which they estimate at an average of £50,384 a year. Men’s ideal salary is nearly £10,000 higher than women’s (£54,771 compared to £45,624). Millennials’ expectations are the highest, at £58,324. Over half of the workers want a healthier work/life balance (56%) and flexible hours (50%), with three days of remote work being the most popular.