New figures from the Institute of Leadership and Management have shown that a third (37%) of the UK workforce is planning to find a new job this year. This figure is almost double that of 2014 and almost three times that of 2013.
The majority of those polled said that increased opportunity for progression was the main reason behind seeking new employment and 56% said that better pay was a deciding factor. A quarter of people plan to make the move because they feel underappreciated in their current role.
With such a vast increase in those workers seeking to jump ship, employers must realise that it is likely that they will have to work harder to keep their most talented employees.
Charles Elvin, ILM Chief Executive made the following comment; “It’s crucial that companies actively recognise the efforts and talents of their employees. Companies may want to adapt to this new improved climate, by acknowledging where staff have excelled and moulding opportunities for them to advance”.
Employers should review their practices and policies in the workplace regularly. This may be through firm-wide meetings or an Employee Handbook.
If you would like to review your company policies or if you’re an employee with questions about how to leave your current role, contact a member of our Employment Team on 01279 755777.