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Poor management is pushing approximately half of all employees to seek new jobs

  • 47% of people are looking to change employers in 2018
  • Employees are most dissatisfied with poor management (as cited by 49% of workers as to why they would look for a new job).

Approx. 1 in 2 UK employees (47%) will look for a new job in 2018 with nearly 1 in 5 people already actively looking for opportunities according to a recent study carried out by the Investors In People (IIP) of 1000 UK employees. Although this study shows an improvement in satisfaction on last year, 1 in 4 workers are unhappy. 

 

The main reasons why people are seeking alternative employment are:

  • 48% feel they can get greater satisfaction elsewhere
  • 43% feel they could be paid more elsewhere
  • 29% feel under appreciated by their current employer

IIP Chief Executive Paul Devoy said: “In a year where unemployment has reached its lowest level since 1975, but wages have stagnated, the improvements to the labour market have failed to translate to the pockets of UK workers. With research suggesting that employee disengagement costs the UK economy £340 billion annually, bad leadership is eroding UK productivity. With 49% of workers citing poor management as the main reason they’re considering looking for a new job next year, management strategies must evolve to meet the demands of employees if organisations are to retain staff.”

  • 23% of people also believed that Brexit would have a negative effect on their job security
  • 31% of people would prefer more flexibility in their work rather than being offered a 3% pay rise - this is good news to employers; by offering their staff flex-hours or remote working, they can offer greater job satisfaction.

These results from the Job Exodus 2018 are a red flag to all employers.  In order to retain staff and maintain productivity, employers should take heed – pay staff the going rate for their job role and provide good quality, enjoyable work.  The alternative is to recruit and train new staff to fill the foreseeable job vacancies.