The agriculture industry is among the most secure jobs in the UK, a new survey has revealed.
Life insurance broker, Reassured, has taken a closer look at different industries and ranked the most secure sectors looking at redundancy rates over the last ten years.
The survey found that human health and social work is the best industry for job security.
This industry has a redundancy rate of 1.43, closely followed by education, with a rate of 1.49.
Meanwhile, in the last decade, the administration and defence sector has seen the biggest changes (68.2%).
The ten best industries for job security:
|1||Health and social work||1.43|
|3||Public admin & defence: social security||1.77|
|4||Professional, scientific & technical activities||2.51|
|5||Agriculture, fishing, energy and water||3.65|
|6||Financial, insurance and real estate activities||4.59|
|7||Transport & storage||4.61|
|9||Wholesale, retail & repair of motor vehicles||5.21|
|10||Information and communication||5.31|
Public admin and law also appear to be the third most secure sector, holding a redundancy rate of 1.77.
But then there is a substantial drop, with job security rates sitting at 3.51 and 3.61 when it comes to professional, scientific, and technical roles and the agricultural, fishing and utilities sector.
A spokesperson noted that “things are looking up for the agricultural industry as it has the least amount of redundancies compared to any other sector in 2021”.
Looking at the years from 2011 to 2021, the public administration and defence sector saw the biggest decline in redundancies.
In fact, in 2021 the sector saw 68.2% fewer redundancies. Construction saw 65% fewer job losses.
However, the results show that scientific and technical jobs (21.8%), manufacturing (20.1%) and hospitality services (19.5%) have seen the least changes over the 10-year period.
The UK’s best areas for job security
It would appear that Northern Ireland is the best location to seek secure employment, with a redundancy total of just 7,579, the survey highlights.
Even though the north-east experiences nearly double the number of redundancies (14,663), the region comes in second, closely followed by Wales with 15,218 jobs made redundant.
Scotland (26,431) and the East Midlands (28,473) are regions with fewer redundancies.
Considering the population in each region, Northern Ireland still shows the lowest redundancy rate (2.55), closely followed by Scotland, with a rate of 2.81.
Wales also had one of the lowest redundancy rates (3.00), and so did Yorkshire and The Humber (3.31).
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