According to a recent study by Investors in People, nearly half of the UK workforce will be looking for new jobs in 2016; 1 in 5 workers are already actively job hunting.
What are the reasons for this?
A new report posted by Job Exodus Trends 2016 details that a third of employees say that they are unhappy in their jobs – due to a combination of poor management (43%) and feeling undervalued (39%).
Interestingly, rates of pay fell to the 3rd reason (38%) as to why employees were unhappy in their current roles – highlighting the fact that getting a pay rise would not solve the issues of poor management and not feeling valued.
The survey also asked respondents to choose between two scenarios – a 3% payrise, in line with recent UK increases, or a different non-remuneration benefit:
• 34% of employees said they would prefer a more flexible approach to working hours than a 3% payrise
• 28% said they would rather have a clear career progression route
• 24% would rather their employer invested in their training and development more
Pay is less of a gripe for UK workers
Paul Devoy, Head of IIP said, “Improved salaries over recent months means that pay is less of a gripe for UK workers.” However, longstanding and ongoing issues surrounding poor management and employees feeling undervalued in their work continue to make UK workers miserable. Bad leadership alone costs the UK £39 billion a year. If employers addressed these factors, they would have a more committed workforce.
Simple actions make the BIG differences
Paul Devoy continued to say: “Small things can make a big difference. Feeling valued, understanding their role in the organisation and how they can grow with an organisation are all big concerns for UK workers. Saying thank you, involving employees in decisions and giving them responsibility over their work are basic ways to make staff happier, and more likely to stay. Employers also win, with a more committed workforce, higher retention and a clearer view of the future.”