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Why Are More People Leaving The UK Armed Forces In 2024?
In the Quarterly service personnel statistics 1 January 2023 on the Gov website, some worrying statistics showed up. It highlighted that more people left the UK Armed Forces then it managed to recruit in 2022. But why is this?
Using the Armed Forces Continuous Attitude Survey (AFCAS) 2022 and asking my followers on Instagram, I managed to collate some of the top reasons why people were leaving the Armed Forces.
In this video, I set out to play devils advocate to the points to provide a different point of view, add some context and perspective in the hopes that people leave the video better informed to make decisions that leave themselves and their family better off.
Topics such as pay, incentives, retention bonuses, poor management and leadership, workload and work life balance are all covered in this video and despite my own opinions on them, I try to see both sides of the story and provide as much useful information as possible.
What are your thoughts? Leave a comment below.
Calculator Link - ifs.org.uk/tools_and_resource...
Where Do You Fit In? - ifs.org.uk/tools_and_resource...
Discover My Benefits - discovermybenefits.mod.gov.uk/
Centre For Army Leadership - www.army.mod.uk/who-we-are/ou...
Book Links:
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Video Links:
Squaddie vs Civvie - • Military Versus Civili...
How Much Are We Paid Hourly? - • British Army: What Is ...
How To Budget - • How To Budget Your Income
Personal Finance Playlist - • Financial Freedom
Pension Playlist - • Armed Forces Pension V...
RLC One Day Pays Scheme Video - • Royal Logistic Corps, ...
Timecodes:
0:00 Intro
1:49 Responses Breakdown
2:54 Armed Forces - Inadequate Pay
15:21 Armed Forces - Reduction/Lack of Incentives
17:31 Armed Forces - Poor Leadership
20:21 Armed Forces - Work Life Balance
22:57 Armed Forces - Workload
24:32 Armed Forces - Other Reasons
27:59 Final Thoughts
28:46 Outro
Sources:
www.gov.uk/government/statist...
ifs.org.uk/tools_and_resource...
ifs.org.uk/tools_and_resource...
ifs.org.uk/tools_and_resource...
www.statista.com/statistics/8...
assets.publishing.service.gov...
DISCLAIMER:
I am not a professional financial advisor and this video is not financial advice. Please do your own research before making any decisions with your money and seek professional financial advice if need be.