CV-Library Report Sheds Light on Perception of Working in the Public vs Private Sector
One of the UK’s largest job boards, CV Library, has released a report titled "The Race for Talent: Private vs Public Sector" which sheds light on the growing competition between the public and private sectors in the UK as they vie for top talent. With skill shortages, demographic changes, and evolving employee expectations, both sectors face significant challenges in attracting and retaining workers.
Growing Opportunities in the Public Sector
One of the most significant positives for job seekers is the expected growth in public sector hiring. With the Labour government’s focus on increasing investment in public services, sectors such as healthcare, infrastructure, and education are set for expansion. The CV-Library survey conducted in September 2024 found that 41% of candidates and 43% of recruiters believe there will be more public sector jobs available in the coming years.
Public sector jobs are traditionally associated with job security and a strong sense of purpose. For professionals in the built environment, this translates into opportunities in town planning, public infrastructure projects, and environmental initiatives. These roles allow individuals to work on projects that directly benefit communities and improve public services, offering a fulfilling career path.
Moreover, the public sector is known for its commitment to diversity and inclusion. It consistently attracts a more diverse workforce, with 38% of candidates surveyed associating the public sector with a more inclusive work environment. This focus on diversity makes the public sector particularly appealing to job seekers from underrepresented groups, including women, ethnic minorities, and individuals with disabilities.
Flexibility and Innovation in the Private Sector
While the public sector offers stability, the private sector is a hub of innovation, flexibility, and rapid career progression. For job seekers who thrive in dynamic environments, the private sector provides a wide range of opportunities, especially in the built environment. Private firms are often at the forefront of cutting-edge projects in infrastructure, architecture, and sustainability, giving professionals the chance to be part of transformative initiatives.
A key advantage of working in the private sector is the potential for career progression. According to the CV-Library survey, 39% of candidates believe the private sector offers better career progression opportunities, compared with just 30% in the public sector. Private sector companies are more likely to offer flexible working arrangements, with 37% of candidates associating the private sector with better access to flexibility.
Another compelling reason to consider the private sector is compensation. 72% of candidates perceive private sector salaries to be higher, making it an attractive option for those motivated by financial growth. This is particularly relevant for built environment professionals, where roles such as project managers, engineers, and surveyors often command competitive salaries in the private market.
Diversity and Inclusion: A Growing Focus Across Both Sectors
One of the standout positives across both sectors is the growing emphasis on diversity and inclusion. While the public sector has long been recognised for its efforts in this area, the private sector is increasingly focusing on creating more inclusive workplaces. The CV-Library survey shows that 36% of public sector roles are seen as more inclusive.
The built environment is making strides in this regard, with both public and private organisations actively recruiting from a wider pool of talent. This is vital for organisations aiming to tackle the skill shortages present in many areas of the industry. By fostering an inclusive workplace and tapping into more diverse candidate pools, employers can access a broader range of skills and perspectives, enhancing their project outcomes.
The Power of Purpose and Career Fulfilment
Purpose-driven work is increasingly a priority for job seekers, and the public sector has traditionally had the perception that it has a natural advantage in this area. Roles in public infrastructure, housing, and environmental projects offer professionals the chance to contribute to meaningful initiatives that directly improve the lives of citizens. In fact, the report finds the difference is marginal, with 18% of candidates cited the public sector as being more aligned with their values and sense of purpose, compared with 16% in the private sector.
The private sector is not without purpose. Many private firms, particularly in the built environment, are focusing on sustainability and corporate social responsibility (CSR). These firms are leading on projects such as green building, renewable energy, and smart cities, allowing professionals to work on innovative solutions that positively impact society. For those motivated by both financial success and making a difference, private sector roles offer a balance between purpose and profit.
Making the Most of the Current Job Market
For job seekers, the current talent race presents more opportunities than challenges. Both sectors offer distinct advantages depending on individual career goals. Public sector roles are particularly appealing to those looking for job security, work-life balance, and purpose, while the private sector excels in providing higher salaries, rapid career progression, and a more flexible work environment.
Interestingly, 34% of job seekers expressed a preference for working in the public sector, compared to 30% for the private sector, while 38% had no preference, indicating that many candidates are open to opportunities in both sectors. This underscores the importance for employers to communicate the full range of benefits they offer, whether in the form of competitive salaries, clear career paths, or a strong organisational mission.
A Win-Win for Job Seekers
The competition for talent between the public and private sectors is heating up, but this creates more opportunities than ever for job seekers. Whether you're looking for stability, innovation, or purpose, both sectors offer rewarding roles across the built environment. As a candidate, the choice between public and private sectors comes down to your personal priorities; whether that’s long-term security, the chance to make an immediate impact, or the opportunity to advance your career.
At Carrington West, we specialise in connecting professionals with the right opportunities in both the public and private sectors. If you’re looking to take the next step in your career, our team can help you explore the latest roles in the built environment, ensuring you find a position that aligns with your aspirations and career goals.
Original article: What candidates really think about working in the public sector - Recruitment Insight