More than half of the UK’s workforce will be on the look out for a new role in the year ahead, as employee confidence mirrors that of employers. That’s according to figures published in Investors in People’s annual Job Exodus Trends report.
It found that 3 out of 5 (59%) workers plan to switch jobs in 2017 – up 10% on last year. And the reasons – pay and poor management practices.
Almost half (47%) of all respondents stated that a pay rise – even a small one – would increase their levels of happiness in their current role – up 7% year on year.
Poor management was cited as the second most likely reason for someone to leave their job this year, with 42% of respondents stating that their boss is causing them to be unhappy in their job.
Paul Devoy, Head of Investors in People, comments: “We were expecting to see British workers planning to stay put in the face of economic uncertainty. But we’ve seen exactly the opposite: a significant rise in people seeking to move employers in 2017 and a jump in jobs confidence.
“Workers are telling us they want to move for better pay, better management and flexible working. This sends a clear message to British business to invest in your people or risk losing them.”
When asked what the most important qualities are in a new employer, job seekers said competitive pay (67%), the work itself being enjoyable (64%), benefits (44%), followed by having a good reputation as an employer (42%).
However, over a third (35%) said they would rather have a more flexible approach to working hours than a 3% pay rise.
Being part of an organisation that values its staff is particularly important to younger workers (16-29) with over a third (38%) saying it’s one of the most important qualities they look for in a new employer.
Paul continues: “With worker wages stagnating and a strong jobs market there is a clear imperative to address workers’ pay and tackle poor management.
“Poor management (42%), not feeling valued (34%) and no career progression (33%) are critical factors for workers being unhappy in their jobs. Employers need to really invest in their people in 2017 to attract and retain the best talent.”