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Latest News

City slickers want out of the rat-race

by Personnel Today 29 Apr 2003
by Personnel Today 29 Apr 2003

Seventy-five per cent of City workers intend to quit their careers within
five years.

And, as City jobs go, opinion is divided over whether the jobs will ever
return.

A new report, Facing the Future in the City, by HR consultancy Chiumento, shows
that financial worries and fear of terrorism top workers’ lists of key
concerns.

Of more than 400 City workers polled, 75 per cent said they intend to quit
within five years, with 45 per cent intending to leave within two years.

More than half (57 per cent) said they would change their careers tomorrow
if they could, with many (78 per cent) choosing to quit London to pursue dreams
elsewhere. Only 7 per cent wish to remain in their current jobs.

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City workers are divided over whether they think London will ever see jobs
return to boom-time levels. Worryingly, company directors and owners over 45
years old are the least optimistic, while those under 35 are more likely to
believe the good times will return.

www.chiumento.co.uk

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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