Almost half (47%) of employees in the UK are intending to look for a new role in 2018, according to research from Investors in People (IIP).
The IPP's annual Job Exodus Survey 2018 found that there has been a small improvement in job satisfaction, representing a fall of 12% on last year’s figure when 59% of respondents said they were seeking a new job. But nearly one in four workers are still unhappy in their current roles, this year’s survey found.
Poor management was uncovered as the biggest reason for changing jobs, cited by 49%. Meanwhile 43% feel they could earn more elsewhere, and 29% feel that their skills aren’t valued by their employer.
Commenting on the research, IIP CEO Paul Devoy said: “In a year when 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.”
Devoy also flagged up the importance of good management in motivating and retaining staff however, adding that “bad management is eroding UK productivity.” He said that managers must find new strategies to attract and retain staff, citing research that a lack of employee engagement costs the UK £340 billion annually.
The Job Exodus Survey 2018 also found that almost 44% of respondents said they would feel happier in their jobs if given a small pay rise. The survey also suggested that schemes such as remote working may help to boost motivation however, with a third (31%) saying they’d choose a more flexible approach to work over a 3% pay rise.
Brexit was also highlighted as a key concern, with 23% of respondents believing that Britain’s decision to leave the EU would negatively impact their job security.
The Job Exodus Survey polled 1,000 employed people and 1,000 unemployed people via an online questionnaire.