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‘The Great Resignation’: almost one in four UK workers planning job change

Almost a quarter of workers are actively planning to change employers in the next few months, a report has claimed, as part of a “great resignation” prompted by a high number of vacancies and burnout caused by the pandemic.

A survey of 6,000 workers by the recruitment firm Randstad UK found that 69% of them were feeling confident about moving to a new role in the next few months, with 24% planning a change within three to six months.

The company said it would normally expect up to 11% of workers to move jobs every year.

It has warned that such a move will have considerable cost implications for employers – as much as £25,000 for each worker – and said it has been advising clients to start looking at whether they needed to improve pay and other conditions to help them retain their best staff.

Victoria Short, CEO at Randstad UK, said some of those looking for new jobs were workers who during the pandemic had stayed in roles they were unhappy with.

She said: “Another factor is burnout. Some teams have been running too hot for too long. The pandemic has changed how some people think about life, work, and what they want out of both. It’s made people step back and rethink their lives. Covid has reminded them that life is too short.”

The research found that only 16% of workers described themselves as worried about trying to get a new job.

Workers currently employed in construction, tech and logistics were all confident they would find new opportunities, with workers in manufacturing being the most confident.

Randstad warned the mass resignations will come at considerable cost to the UK’s private sector. Research carried out by Oxford Economics found that it takes recently hired professional workers 28 weeks to reach optimum productivity – which has an attached cost of £25,200 per employee, it said.

Short added: “The Great Resignation is going to be tricky for those industries that can move workers around. It is going to be very difficult indeed for industries where employees are trying to get out altogether.

A shortage of workers in some industries has led companies to offer signing on bonuses of up to £10,000 to attract recruits, although some surveys have suggested many do not plan to increase wages.

The latest Lloyds Bank Business Barometer, published on Monday, found that 48% of businesses said it had become easier to hire people with the right skills or experience since the end of the furlough scheme.

When asked about wage growth, 43% of firms said they were expecting a 2% increase in average pay over the next 12 months, while 25% anticipated a 3% rise.

Overall, Lloyds said business confidence in October was at its second highest level since March 2020, and that staff shortages suffered in some sectors may be starting to ease.

Hann-Ju Ho, a senior commercial banking economist at Lloyds Bank, said businesses are feeling relatively buoyant and overall business confidence is above the long-term average.

“With 60% of firms saying that they expect to bring all their furloughed staff back to work, and a further 30% intending to bring back more than half, it should bode well for the labour market as we head into the winter.”

News

Nigerian Man Defrauds 34 victims in 13 countries of $592,000

The Economic and Financial Crimes Commission (EFCC), on Thursday, secured the conviction and sentencing of Eze Harrisson Arinze before Justice J.K Omotosho of the Federal High Court sitting in Abuja for defrauding 34 victims in 13 countries of $592,000(Five Hundred and Ninety Two Thousand United States Dollars).

Arinze was re-arraigned on one count charge bordering on impersonation and obtaining under false pretence.

The amended count charge reads:

That you, EZE HARRISON ARINZE alias Charlotte Brain, sometime between April, 2021 and December, 2022 in Abuja, within the jurisdiction of the Federal High Court, did fraudulently impersonate one Charlotte Brain a purported owner of digitrades.netxxxxxxxxxxxxxx investment platforms on telegram and in that assumed character obtained cryptocurrency worth $592,000.00 (Five Hundred and Ninety Two US Dollars) from Coinbase exchange users, through your bitcoin address -333AgHuT8wAhowRBQZ2ASxxxxxxxx domiciled with Coinbase, a Virtual Asset Service Provider and thereby committed an offence contrary to Section 22(3)(b) of the Cybercrime (Prohibition, Prevention) Act, 2015 and punishable under Section 22 (4) of the same Act.

The defendant pleaded guilty to the charge when it was read to him.

In view of the plea, prosecution counsel, Christopher Mshelia, urged the court to convict and sentence the defendant as charged.

Earlier, Ogunjobi Olalekan, a prosecuting witness and a detective of EFCC, while concluding his testimony-in-chief, told the court that the evidence gotten in the course of investigation was based on the printout from the defendant`s email, other digital currency platforms, his telegram page code named `Digi-trade, including response from banks which was in a cumulative sum of $592,000 worth of cryptocurrency as at December 4, 2023.
He added that the defendant was afterwards invited to make statements under words of caution.

Justice Omotosho convicted and sentenced Arinze to three years imprisonment, with an option of N3,000,000.00( Three Million Naira only) fine. He added that 11.07 Bitcoins valued at $461,280.70 as at December 4, 2023 be restituted to the 34 victims from 13 countries as identified.

Furthermore, the judge ordered that a total sum of N37,977,108 domiciled in his bank accounts be forfeited to the Federal Government, including a plot of land located at plot No. 34 Anioma Layout, Umuchigbo Iji-nike in Enugu East Local Government Area of Enugu State measuring approximately 1380.609 Squares meters.

Arinze’s journey to the Correctional Centre started when he impersonated one Charlotte Brain, and created a fictitious investment platform, digitrades.netxxxxxxxxxxxxxx on telegram and in that assumed character, obtained cryptocurrency worth $592,000.00 (Five Hundred and Ninety Two US Dollars) from Coinbase exchange users, through his bitcoin address.
His victims are from Burundi, Cameroun, Costa Rica, Germany, Ghana, Hungary, India, Rwanda, Singapore, South Africa, Uganda, United States of America and Zimbabwe.

News

Abdulfatai Adeyemi, son of late Alaafin, dies few hours to his 47th birthday

Prince Abdulfatai Adebayo Adeyemi, one of the sons of the immediate past Alaafin of Oyo, Oba Lamidi Atanda Olayiwola Adeyemi, is dead.

The Prince, popularly known as D-Gov, died in the early hours of Friday at the University College Hospital (UCH), Ibadan after battling diabetes.

His father died in April, 2022.
The Oyo prince, who was the immediate past Chairman of Oyo State Local Government Pension Board, died a few hours to his 47th birthday.

Abdulfatai was the House of Representatives candidate for the Peoples Democratic Party (PDP) in the 2019 elections.

The election was won by his younger brother, Prince Akeem Adeyemi (Skimeh), who contested on the platform of the All Progressives Congress (APC).

A family member in Oyo said on Friday: “Yes. He is dead. People are there now. They are preparing the grave”.

The Public Relations Officer of UCH, Mrs Funmilayo Adetuyibi, confirmed the death of the late Alaafin’s son, saying that he died at the hospital on Friday morning.

Adetuyibi said that AbdulFatai was brought to the hospital around 12.05 a.m. on Friday and died at exactly 3:50 a.m.

She, however, declined when asked about the disease that the late Oyo prince was suffering from which eventually resulted in his death.

“I can’t disclose his diagnosis or what killed him because it is against our professional ethics,” the UCH spokesperson said.
Another source from UCH also spoke about the death of the late Alaafin’s son.

“Fatai Bayo Adeyemi, one-time Secretary of Atiba Local Government, died this morning (Friday). He was married with children. He was reported very ill sometime last year but survived,” the source said.

AbdulFatai’s death, it was gathered, has thrown the family of the late Oba Adeyemi and the ancient town of Oyo into mourning.

News

NEMA donates relief materials to victims of Tudun Biri bombings

The National Emergency Management Agency (NEMA) has donated relief materials to the victims of Tudun Biri bombings in Igabi Local Government Area of Kaduna State.

Alhaji Abbani Garki, North-West Zonal Coordinator of the agency, made this known in an interview with the News Agency of Nigeria (NAN) on Friday in Kaduna.

According to him, the donation is not compensation for the loss of lives, but a token to bring relief to the victims.

He condoled with the Kaduna State Government over the loss of lives as a result of the accident.

They include surgical and disposable gloves, drip sets, cutting bandages, plasters, cotton wool, hand sanitizers, methylated spirits, Syringe and needles, among others.

The food items were; 500 bags of rice, 500 bags of maize, 500 bags of beans, 500 cartons of spaghetti, 50 kegs of vegetable oil, 50 bags of salt and 50 cartons of tin tomatoes.

The non food items were; 500 pieces each of blankets, plastic buckets,plastic cups, men’s wear, women’s wear and children’s wear.

He said that the medicament have been delivered to 44 Army Reference Hospital and Barau Dikko Specialist Teaching Hospital, all in Kaduna.

Speaking on other emergency needs of the community based on the agency’s assessment, he said the area urgently required access roads, security, schools, water, electricity and health facilities.(NAN)