Cost of Living, AI and Skills Based Hiring: The Three Factors Set to Impact the Education Sector in 2024

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In the last 12 months, the world of work has witnessed several shifts, prompting discussions around the impact of the rising cost of living on salaries, the risks and rewards of embracing AI and the shifting importance of qualifications in an era of skills-based hiring. According to new research by Hays, although more than half (58%) of education professionals are satisfied with their salary, 4 in 10 (42%) are currently dissatisfied with their pay level. The research, based on a survey of nearly 15,000 professionals and employers across the UK including over 1,940 respondents within the education sector, reveals that, despite the challenging economic climate, three-quarters (75%) of education employers haven’t received a cost-of-living pay increase in the last 12 months. The economy could prompt education professionals to change jobs in the year ahead, as nearly half (46%) say they are more inclined to make a move as a result of the cost of living. Click here for more.