This year a staggering 37% of employees want to leave their current employment according to the latest survey from the Institute of Leadership Management. Why?
Because workers want more than better pay from their existing jobs, in a nutshell this means that companies will now have to be more determined to retain their most talented staff; especially as baby-boomers are approaching retirement and graduates now entering the workforce can afford to be more selective concerning their choice of employer.
Research from the survey reveals that workers this year want:
More opportunity for progression (59%)
Better pay (56%)
More interesting job (50%)
Better management (30%)
More opportunity for training/development (27%)
More opportunity for flexible working (18%)
Nicer people (5%)
Better options for parental leave (3%)
As a recruitment agency we are witnessing that modern-day employees are increasingly looking for variety, challenge and opportunity to progress.
Why is opportunity to progress so important? Because we presently have a generational difference within the workforce, baby-boomers, generation x and millennials are all currently working together, although each group has its own skills and experiences, it is imperative that training opportunities are available to “all”. People are living and working longer and in order to remain active within the workforce self-development is crucial. Also employers must bear in mind that skill sets and experiences that a diverse workforce can bring to a business environment is an essential value-add for any company.
If companies neglect the self-development of their staff it will cost them – talented employees will seek employment elsewhere. Therefore, helping people to shape the future direction of their career is now crucial and should be seen as an elementary part of an employer’s brand.
Most employees want to improve their work-experience as well as education and dissatisfaction with employee progression means early exits, and as a consequence companies pay the price, disappearance of talent!
There is a substantial increase from employees wishing to leave their employment from last year (2014 – 19% and 2013 -13%). Ambition is becoming increasingly important but research also reveals that 25% of employees want to leave their employment because they feel unappreciated.
Businesses tend to focus on the here and now and the routine day-to-day operations of business instead of concentrating on the longer-term activities of their existing staff but there should always be time for relevant training and opportunity. Companies now need to “care for their people” if they are to demonstrate a genuine interest in the development of their careers because this will help build loyalty which in return increases productivity. Satisfied employees are happy and as a result are more productive.