Latest news with #AlexanderAllen
North Wales Live
19-05-2025
- Business
- North Wales Live
Brits will change jobs seven times before they retire - with one in three wanting to switch roles
The average employee expects to switch roles seven times before retirement, equating to a new job roughly every seven years, a study has revealed. A survey of 2,000 workers highlighted that the pursuit of higher salaries (56%), improved work-life balance (42%), and career advancement opportunities (26%) are key motivators for job changes. Additional factors such as enhanced workplace perks (26%) and leaving behind negative work environments (24%) also significantly influence career moves. Moreover, the allure of a stable 9 to 5 schedule is strong, with 95% of those surveyed valuing this traditional work structure. The research also found that 76% believe younger employees are more inclined to switch careers frequently compared to their older counterparts. This trend is reflected in the data, with 39% of respondents across all age brackets open to job changes—65% of these are from Generation Z and 32% from Generation X. While nearly half (46%) of Generation Z workers report job-hopping every few years for progression, 60% of baby boomers tend to remain in one position for the long haul. Across all demographics, 44% have ventured into different industries multiple times. Alexander Allen, managing director and chief customer officer at Funding Circle, an SME finance platform, commented: "Our research shows that people value passion over money when pursuing a job." He added: "It's been interesting to find out how perceptions compare between different generations when it comes to changing jobs or starting a completely new career. "Although there are many job opportunities, it's great to see that culture is highly valued with a combined 50% look to move jobs due to a toxic work environment and better benefits. Yes, money is always going to be a huge draw, but a working schedule that suits the individual and their life outside work, is almost as valuable for some. Knowing what support small businesses need comes through years of experience, and making sure they have the right tools available to succeed is crucial." Essex-based small business owner Laura Daly, who utilised Funding Circle to expand her bridal shop venture, Bellissima Weddings, has had a diverse career history including stints as a professional singer, dancer, and model, as well as supermarket work in her early years. Laura reflected positively on her varied early employment experiences, crediting them with imparting valuable lessons she now applies in her enterprise. She remarked: "When I worked in a supermarket, my task was to engage customers and promote whatever offers there were each day. I learned very quickly that if you engage people in conversation and let them tell you something about themselves first, you can sell something to them much easier than if you jump straight into a sales pitch. In my 20s I was dancing – and I loved every minute of it. The self-discipline and ability to take personal criticism without being offended were lessons that have stuck with me for life." With the backing of Funding Circle, known for supporting small enterprises with the necessary finance to expand and develop, Laura was able to grow her business. She explained: "I knew what we wanted, and realised it would take a huge lump of money to do what we wanted to do. We had got to the point where we desperately needed to refurbish the whole shop. "I started to look at where we could borrow and I loved the minute we started looking at Funding Circle. I said to my husband Michael if we're going to take money from anyone, it's going to be them. I never felt like I'd sold my soul to the bank. It was a completely different way of thinking and it filled me with confidence into actually taking the money." A study conducted by OnePoll revealed that 73% of Gen Z are willing to consider a brand-new career path, whereas only 33% of Boomers feel comfortable with such a change. Over a third (35%) of those aged between 60-78 reckon their generation values stability over change, in stark contrast to just 18% of 18-28 year olds. Meanwhile, 37% of the younger demographic view frequent job switches as 'normal' – a sentiment shared by a mere four per cent of Boomers. The survey also disclosed that 36% of those aged between 60 and 78 believe the job market is tougher for the younger generation now than when they began their careers. Additionally, 30% of respondents attribute this to the current economic climate, particularly affecting young people who are keen to switch career paths. Laura offered guidance to young individuals entering a challenging job market, advising them to "choose a career path that gives you joy or feeds a passion". She further commented: "It really is true that if you do a job that you love, it will never feel like work. Scope out organisations and companies that offer upward mobility and in-house training to get you there, there's never any shame in starting at the bottom - some of the best CEO's have done just that."
Wales Online
19-05-2025
- Business
- Wales Online
Brits will change jobs seven times before they retire - with one in three wanting to switch roles
Brits will change jobs seven times before they retire - with one in three wanting to switch roles A poll of 2,000 employees found more money (56 per cent), better work-life balance (42 per cent) and progression opportunities (26 per cent) among the main reasons for moving jobs The average worker thinks they will go through seven jobs by the time they retire – one every seven years, according to research. (Image: PinPep ) The average employee expects to switch roles seven times before retirement, equating to a new job roughly every seven years, a study has revealed. A survey of 2,000 workers highlighted that the pursuit of higher salaries (56%), improved work-life balance (42%), and career advancement opportunities (26%) are key motivators for job changes. Additional factors such as enhanced workplace perks (26%) and leaving behind negative work environments (24%) also significantly influence career moves. Moreover, the allure of a stable 9 to 5 schedule is strong, with 95% of those surveyed valuing this traditional work structure. The research also found that 76% believe younger employees are more inclined to switch careers frequently compared to their older counterparts. This trend is reflected in the data, with 39% of respondents across all age brackets open to job changes—65% of these are from Generation Z and 32% from Generation X. While nearly half (46%) of Generation Z workers report job-hopping every few years for progression, 60% of baby boomers tend to remain in one position for the long haul. Across all demographics, 44% have ventured into different industries multiple times. Alexander Allen, managing director and chief customer officer at Funding Circle, an SME finance platform, commented: "Our research shows that people value passion over money when pursuing a job." He added: "It's been interesting to find out how perceptions compare between different generations when it comes to changing jobs or starting a completely new career. "Although there are many job opportunities, it's great to see that culture is highly valued with a combined 50% look to move jobs due to a toxic work environment and better benefits. Yes, money is always going to be a huge draw, but a working schedule that suits the individual and their life outside work, is almost as valuable for some. Knowing what support small businesses need comes through years of experience, and making sure they have the right tools available to succeed is crucial." Article continues below Small business owner, Laura Daly, from Essex, used Funding Circle to help grow her bridal shop business (Image: PinPep ) Essex-based small business owner Laura Daly, who utilised Funding Circle to expand her bridal shop venture, Bellissima Weddings, has had a diverse career history including stints as a professional singer, dancer, and model, as well as supermarket work in her early years. Laura reflected positively on her varied early employment experiences, crediting them with imparting valuable lessons she now applies in her enterprise. She remarked: "When I worked in a supermarket, my task was to engage customers and promote whatever offers there were each day. I learned very quickly that if you engage people in conversation and let them tell you something about themselves first, you can sell something to them much easier than if you jump straight into a sales pitch. In my 20s I was dancing – and I loved every minute of it. The self-discipline and ability to take personal criticism without being offended were lessons that have stuck with me for life." With the backing of Funding Circle, known for supporting small enterprises with the necessary finance to expand and develop, Laura was able to grow her business. She explained: "I knew what we wanted, and realised it would take a huge lump of money to do what we wanted to do. We had got to the point where we desperately needed to refurbish the whole shop. "I started to look at where we could borrow and I loved the minute we started looking at Funding Circle. I said to my husband Michael if we're going to take money from anyone, it's going to be them. I never felt like I'd sold my soul to the bank. It was a completely different way of thinking and it filled me with confidence into actually taking the money." Laura also gave advice to young jobseekers looking to enter a competitive employment market, telling them to 'choose a career path that gives you joy or feeds a passion'. (Image: PinPep ) Article continues below A study conducted by OnePoll revealed that 73% of Gen Z are willing to consider a brand-new career path, whereas only 33% of Boomers feel comfortable with such a change. Over a third (35%) of those aged between 60-78 reckon their generation values stability over change, in stark contrast to just 18% of 18-28 year olds. Meanwhile, 37% of the younger demographic view frequent job switches as 'normal' – a sentiment shared by a mere four per cent of Boomers. The survey also disclosed that 36% of those aged between 60 and 78 believe the job market is tougher for the younger generation now than when they began their careers. Additionally, 30% of respondents attribute this to the current economic climate, particularly affecting young people who are keen to switch career paths. Laura offered guidance to young individuals entering a challenging job market, advising them to "choose a career path that gives you joy or feeds a passion". She further commented: "It really is true that if you do a job that you love, it will never feel like work. Scope out organisations and companies that offer upward mobility and in-house training to get you there, there's never any shame in starting at the bottom - some of the best CEO's have done just that."
Daily Mirror
19-05-2025
- Business
- Daily Mirror
Survey claims Brits will have seven different jobs before retirement
A new survey has found the average worker thinks they will go through seven jobs by the time they retire - and they are likely to move on once every seven years UK workers reckon they'll rack up a tally of seven different roles before calling it a day on their careers, with job-hopping every seven years on average, research reveals. A survey involving 2,000 employees highlighted the lure of a better salary (56%), improved work-life balance (42%) and chances for advancement (26%) as top factors for a career move. Additional causes for jumping ship include superior workplace perks (26%) and escaping unhealthy office dynamics (24%). Moreover, the appeal of a snug 9 to 5 gig is undeniable, with 95% cherishing the predictability and stability it offers. The insights suggest that 76% of respondents believe millennials and younger are more prone to switch careers frequently than their older counterparts. This generational split is underlined by 39% of the entire poll willing to consider a job change – driven by an eager 65% from Generation Z and only 32% from Generation X. Almost half of Generation Z respondents confess to job-hopping every few years in search of progress, whereas a sturdy 60% of baby boomers tend to stick it out long-term with one employer. Spanning all age brackets, 44% have had experience working in various industries during their professional life. Speaking about the findings, Alexander Allen from Funding Circle mentioned: "Our research shows that people value passion over money when pursuing a job." He went on to say, "It's been interesting to find out how perceptions compare between different generations when it comes to changing jobs or starting a completely new career. It's heartening to note that amidst the numerous job openings, organisational culture is held in high regard, with 50% of respondents considering a job switch due to unsavoury work environments or better perks." He said that although monetary rewards will always be a significant draw, flexible working schedules allowing employees to have a better work-life balance hold almost equal value. Highlighting the importance of expert guidance, the spokesperson continued, "Knowing what support small businesses need comes through years of experience, and making sure they have the right tools available to succeed is crucial." Laura Daly, a thriving small business owner from Essex, attributed the success of her bridal shop, Bellissima Weddings, to the vital assistance provided by Funding Circle. Her enterprising spirit, honed by diverse roles such as being a professional singer, dancer, and model, eventually led her to start her business alongside her husband Michael over two decades ago. Laura's early years of employment played a pivotal role in laying the groundwork for the business skills she employs today. The engaging entrepreneur shared: "When I worked in a supermarket, my task was to engage customers and promote whatever offers there were each day. I learned very quickly that if you engage people in conversation and let them tell you something about themselves first, you can sell something to them much easier than if you jump straight into a sales pitch." "In my 20s I was dancing – and I loved every minute of it. The self-discipline and ability to take personal criticism without being offended were lessons that have stuck with me for life." Thanks to Funding Circle's support, which provides small businesses with the finance they need to expand and enhance their enterprises, Laura has successfully grown her business. She explained: "I knew what we wanted, and realised it would take a huge lump of money to do what we wanted to do. We had got to the point where we desperately needed to refurbish the whole shop. I started to look at where we could borrow and I loved the minute we started looking at Funding Circle. "I said to my husband Michael if we're going to take money from anyone, it's going to be them. I never felt like I'd sold my soul to the bank. It was a completely different way of thinking and it filled me with confidence into actually taking the money." The study, carried out by OnePoll, revealed that 73% of Generation Z are open to embarking on a radically new career - but only 33% of Baby Boomers feel the same. Over a third, or 35%, of those aged between 60-78 believe their generation values stability over change, contrary to just 18% of 18 to 28 year olds. Conversely, 37% of the younger demographic see frequent job swaps as 'normal' – this is in stark contrast to a mere four percent of Boomers. The survey has uncovered that 36% of those aged between 60 and 78 believe the job market is tougher for the younger generation now than it was when they began their careers. A total of 30% of respondents attribute this to the current economic climate, particularly affecting young individuals who are keen to switch career paths. Laura offered pearls of wisdom to youthful job hunters braving the competitive job scene, urging them to "choose a career path that gives you joy or feeds a passion". She continued: "It really is true that if you do a job that you love, it will never feel like work. Scope out organisations and companies that offer upward mobility and in-house training to get you there, there's never any shame in starting at the bottom - some of the best CEO's have done just that."
Telegraph
14-03-2025
- Business
- Telegraph
‘Rugby is a perfect fit for running a business – because both take grit and determination'
Funding Circle's partnership with Premiership Rugby is now in its third successive year, helping to foster the entrepreneurial spirit of a growing number of professional rugby players with small- to medium-sized enterprises [SMEs]. Founded in 2010, Funding Circle is the leading online platform for business loans in the UK and is listed on the London Stock Exchange. It has helped more than 103,000 UK businesses to borrow £13.6billion in order to grow, and a central part of its ethos is backing small businesses with the finance they need to succeed. It has worked with England internationals Sam Underhill, George Ford and Ellis Genge, among others, with their respective business interests away from the game. Alexander Allen Alexander Allen, the company's UK managing director and chief customer officer explains: 'We chose to partner with Premiership Rugby in 2022 because our missions are so aligned. 'Funding Circle is all about supporting small businesses that help local communities thrive, and local businesses are at the heart of the league. 'It's our mission at Funding Circle to help small businesses get access to the finance they need because we believe businesses are vital to the economic success of local communities. 'Similarly, Premiership Rugby is committed to using rugby and its values to create better outcomes for communities so we see a really natural link there. 'We were also really attracted to Premiership Rugby because the game has such a strong tradition of values that resonate for Funding Circle and our customers. 'It takes grit, determination and discipline to run a business and we see the same values reflected in the game of rugby.' Sale Sharks fly-half Ford runs a coffee shop and restaurant, Bath Rugby back-rower Underhill operates a mobile coffee business and Bristol Bears prop Genge has a gym as one of his business ventures. Allen continues: 'There's a really strong entrepreneurial spirit at the heart of rugby, with many players building up businesses throughout and after their professional playing careers. 'Sam, George and Ellis are great examples of that – these are incredibly talented athletes who also have the drive to create something more. 'All three players have taken a passion and turned it into a business that not only supports their own families but their local communities – all while juggling a demanding professional career. 'That drive and determination is reflected in small-business owners across the country – and we're proud to support it.' Funding Circle helps small businesses tackle challenges and grow with access to fast, hassle-free finance, from simple business loans and FlexiPay, a flexible line of credit, to their new Cashback business credit card. As well as supporting SMEs with finance, it has also boosted the UK economy and communities alike. In partnership with Oxford Economics, Funding Circle's lending in 2024 contributed £7.2 billion to the UK's GDP and played a pivotal role in supporting over 87,000 jobs. Additionally, the economic activity supported by these loans generated £2 billion in tax receipts. In the past two seasons, Funding Circle has been working with Premiership Rugby with a rallying call of: 'We've got your back' to provide the finance for businesses to succeed. Funding Circle aims to raise awareness of the brand among SME owners and decision makers as the leading online destination for SMEs to find fast, simple business finance. Allen says: 'We're using our partnership to tell the stories of players who are doing something amazing outside of their playing careers, because we think this gives fans a really compelling insight into what makes these players so successful and special. 'It's great to be able to shine a spotlight on what happens off the pitch, as well as on it. 'Seeing a different side to players from clubs across the league hopefully gives fans a deeper understanding of what makes their favourite players tick – and might also inspire them to follow their business dreams. 'Our goal with the partnership is to make more rugby fans aware of Funding Circle, so that when they need finance for their business they'll think of us. 'Through our partnership with Premiership Rugby we hope to reach more local businesses and let them know that finance is accessible, to help them grow. 'We'll evaluate the success of the partnership based on the proportion of Premiership Rugby and wider-spread rugby fans who are familiar with our brand and would consider coming to Funding Circle for their business finance needs. 'An added bonus for us would also be seeing an increase in support for the fantastic companies run by Sam, George and Ellis. They are all great examples of the best of British small businesses.' Funding Circle, business finance that backs you Funding Circle knows that, just as rugby players can't win matches by themselves, business owners thrive with the right backing. The online platform for business finance has backed more than 110,000 UK businesses to borrow £14.6 billion – and counting.
