All change: Understanding and Supporting Retraining and Career Change

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Advances in technology, including Artificial Intelligence, alongside longer working lives will see more people needing to change jobs and careers. But new research by Learning and Work Institute (L&W) has found that fewer people are switching sectors than before the global financial crisis. The research finds that career changers working full-time face an average pay cut of £3,731 (14%) per year. This initial drop in income is likely to be difficult for many people to manage given financial commitments for home and family, even though people changing job see pay subsequently grow 2.9 times faster than those staying in the same job. Click here for more.