Health

Nearly half of Britons are silently suffering from ‘career FOMO’ because they aren’t brave enough to quit their jobs, research shows

The grass is not always greener on the other side.

However, research shows that a large number of employees regret their decision to continue working.

The research found that two in five employees suffer from career FOMO (‘fear of missing out’) after refusing to quit their jobs in pursuit of better opportunities.

A total of 43 per cent of adults in the UK said they had suffered from anxiety after passing up a “great career opportunity” because they were too reluctant to leave their current job.

The survey of 5,000 employees found a domino effect on the labour market, with almost two-thirds (64 percent) of those who regretted a previous move now more hesitant to pursue new opportunities.

Two in five Britons suffer from career FOMO (the fear of missing out), according to a new survey

Two in five Britons suffer from career FOMO (the fear of missing out), according to a new survey

Reasons for hesitating to make the switch include sacrificing work-life balance, losing current flexibility, and learning new processes elsewhere.

Reasons for hesitating to make the switch include sacrificing work-life balance, losing current flexibility, and learning new processes elsewhere.

FEAR OF MISSING OUT (FOMO)

Fear of Missing Out (FOMO) is a unique term introduced in 2004 to describe a phenomenon that occurs on social networking sites.

FOMO consists of two processes: first, the feeling that you have missed out on a positive experience, followed by compulsive behavior to maintain these social connections.

FOMO has been associated with negative life experiences and feelings, and with problematic attachment to social media.

Source: Gupta et al. (2021)

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Some of the top reasons employees are reluctant include losing a good work-life balance (29 percent), losing their current level of flexibility (26 percent) and getting used to new processes elsewhere (18 percent).

Doug Rode of recruiter Michael Page, who commissioned the research, said: ‘It is worrying to see that millions of British workers are regretting missed career opportunities.

It’s understandable to be nervous about changing jobs, but don’t let it stop you from growing your career, earning a higher salary, and gaining more fulfilling work experiences.

‘For those who are considering moving but have not yet taken action, I would urge you to take action as soon as possible.

‘Our research points to a shift in mindset, with many preparing to take bold steps. Economic predictability and a demand for new skills are creating a renewed sense of optimism.

‘There is a pent-up demand in the market, because organizations have not filled vacancies in the past year. This could lead to a wider range of vacancies coming onto the market in the near future.

‘Candidates who lay the foundation today will reap the rewards and not miss any opportunities.’

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