Knowledge

We help make your business a success

Brits most likely to quit their jobs on 31st January

Getting itchy feet at work and thinking of handing in your notice? You’re not the only one –  perhaps even within your workplace. But if your New Year’s resolution was to quit your job, don’t fret; you’ve not missed the boat just yet. According to our new research, 31st January is the day Brits are most likely to hand in their resignation letters.


32.5% of the UK’s workforce are considering moving on professionally – but our study revealed that most will hang on until after January’s payday before giving notice.


Bad bosses topped the list of reasons why people gave for wanting to throw in the towel, with almost half of respondents (46%) listing it as a factor in their decision. A lack of career progression (36%) narrowly beat lousy pay (35%), while stress (34%) and the commute (22%) all ranked highly.


The research also shows that this is by no means a rash decision – almost two-thirds of people have been contemplating giving notice for six months or longer, while a third (32%) admitted they have been toying with the idea for 12 months or more. Nearly three quarters (70%) of employees admitted they fantasise about quitting their job, with a quarter (26%) saying it’s a regular occurrence.


And how do people recognise that it’s time to move on? The tell-tale symptoms these disgruntled employees all have in common include clock-watching (46%), Sunday night dread (41%), and constant complaining to family and friends (30%).


Sound familiar? Perhaps a shake-up is in order.


 


Mind your own business


Of those Brits quitting their jobs, nearly one in five (18%) are following their dream of starting a new business. While such a decision is not one that should be taken lightly, it is one that is becoming far more common. The number of British people working for themselves rose from 3.8 million in 2008 to 4.6 million in 2015 – an all-time high and an increase of more than 20%.


Though impressive, this comes as no surprise to those within the micro-business community. Being your own boss offers a plethora of advantages, and there are more free tools readily available than ever before to ensure you make a success of it.


Commenting on the research, Crunch CEO and founder Darren Fell said:


“Why should people slog away in 9-5 roles they no longer find fulfilling? In the modern world of work, people should be able to find flexible, exciting careers that fit their lifestyle, whether that’s in a change of job, industry or following their dream of becoming their own boss. Here’s to 2017 – the year to make a fresh new start!”


 


Is now the time for you?


If you reckon it’s time for a career change and are considering setting up your own business, visit our #GetStarted homepage for free resources and advice on how to make it happen.


Invoice templates

Our invoice templates are professional and sharp. Use them to directly invoice your clients and get paid fast.

Business guides

From understanding expenses to starting a limited company, our downloadable business guides can help you.

Late payment reminder letters

If a client hasn't paid an invoice, download our late payment reminder templates and get that invoice paid fast.

A year end can be a daunting undertaking for first-time limited company directors. However it needn't be the end of the world. Here's what you need to know.

The UK has many different tax rates affecting both individuals and businesses - and as a business owner you’ll be affected by all of them.

We'll be covering the budget and highlighting the arising issues and announcements that affect freelancers, contractors, and small business owners.

The best accounting advice

Our accredited team are on hand to help you choose the best package

We understand that it can be difficult deciding whether or not to switch accountants, but at Crunch we’ll offer you fair, unbiased advice on what’s best for you.