Investors in People recently released their annual Job Exodus Survey 2018 which revealed that almost half of the UK workforce (47%) are actively searching for new opportunities.
The survey also revealed 49% of employees have stated that the main reason for seeking new employment is due to poor management.
“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” Investors In People CEO Paul Devoy
A flexible approach to working was also seen to be a preference for 31% of participants rather than a 3% pay increase, this suggests that offering schemes such as remote working can increase an employees job satisfaction.
Setting up schemes such as remote working and flexible working is always dependent on the needs of the business. But where there is the opportunity, these schemes are easy to set up and monitor.
The report also highlighted the top three reasons for people searching for a new job:
- Fulfilment (48%)
- Money (43%)
- Undervalued (29%)
Whilst these findings are an improvement on last years report, the trend continues to be centred around the ability for line managers to effectively manage their employees and their expectations.
At AHR Consultants, we have seen a significant increase in demand for our Management Essentials training course which not only reflects the findings of the Investors In People report, it emphasises the requirement for skilled managers as a top priority.