London could see 'exodus' of workers post-virus
London could see a dramatic reduction in the number of people working in the city following the Covid-19 pandemic, it has been claimed.
New research shows that around 1.6 million Londoners (26 per cent) who have been performing their job from outside the city during lockdown wish to continue doing so in the future.
As a result, almost four in ten (38 per cent) are now reconsidering where they live.
The research from Totaljobs, which analysed data from the Office for National Statistics (ONS), found that just 20 per cent of Londoners now want to live in the city for the rest of their lives compared to 27 per cent in a previous poll.
Nationally, almost a third of Brits want to now live in a rural area with 34 per cent saying they wish to live in a home with more outdoor space.
The report also showed that 38 per cent of Londoners claimed they were previously unable to move away from the city due to their job commitments, while 43 per cent of those based in London said that new flexible working opportunities would encourage them to move location compared to 33 per cent nationwide.
Speaking about the findings, Jon Wilson, Chief Executive Officer at Totaljobs, said: "With many younger workers reporting that they would be interested in moving out of London if flexible and remote working options were available, there's a real opportunity for regional employers to attract highly skilled and experienced people looking to relocate."
He added: "Embracing the potential of flexible working for roles that can be carried out this way helps to retain staff, even those with plans to move further away from cities. This means employers can widen their talent pools beyond the candidates they can find locally.
"As we move into an employer-led market whereby there are more people looking for jobs, than jobs available, and the government pledges to invest in businesses across the UK, the employers that will stand out from the crowd will be the ones that take heed of these changing trends and shifts in priorities for candidates and workers, and take action to support staff, for the benefit of individuals' working lives, and business success."
The report quickly follows the latest JobsOutlook from the Recruitment & Employment Confederation (REC) which showed that businesses were gradually becoming more confident about hiring new staff and creating jobs.
The net balance of companies planning to hire new permanent staff within the next three months rose to plus 14 in July compared to plus six in June.
By Owen Mckeon