According to new research from Investors in People, nearly half the UK workforce will be looking for a new job in 2019.
Nearly half of the UK workforce (47%) will be looking for a new job in 2019, with nearly 1 in 5 people already actively searching for opportunities, according to new research produced by Investors in People (IIP) in their annual.
These findings highlight an improvement in satisfaction across the UK job market, representing a fall of 12% on last year’s figure, where 59% of respondents stated the intention to seek a new job. However, despite the reduction in the proportion of those considering a job move, there are still nearly 1 in 4 unhappy workers.
IIP CEO Paul Devoy comments:
“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.”
The statistics also revealed that nearly a third (31%) of people would rather have a more flexible approach to working than a 3% pay rise, suggesting that by offering simple schemes like remote working, employers can improve job satisfaction.
The top three reasons for people wanting a new job are:
· They feel they can get more satisfaction elsewhere (48%)
· They feel they can get more money elsewhere (43%)
· They don’t feel their skills are valued by current employers (29%)
The findings of Job Exodus 2018 show that if employers wish to attract and retain staff, they must not only offer pay at a competitive level for their sector, but they must also ensure good quality, enjoyable work.
Christian Berenger, Managing Director of Ezitracker remote workforce technology commented:
“It’s time for employers to place employee satisfaction front of mind. There is increasing evidence that healthy, happy and engaged staff improve company performance, so proactively managing and supporting their wellbeing is a big issue. Technology can help employers analyse the scope of the problem at the touch of a button and communicate with workers on a daily basis. This information can then be used to develop an integrated and effective employee retention strategy.”
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