Lack of progression causing staff to look for new opportunities
Nearly a third (32%) of employees are planning to leave their current roles this year, according to a survey from the Institute of Leadership & Management (ILM).
Progression and future prospects have been cited as the key reasons for this lack of retention. Over a quarter (26%) of those surveyed said that they are looking for a new job due to a lack of opportunity in their current workplace. A further 17% also said that they feel under-appreciated and are moving because of this.
Salary, meanwhile, is much lower on the list of employees’ motivation to move job – only 15% of those surveyed want to change company for more money.
This lack of financially-motivated moves is reflected in the fact that over a quarter (27%) of the employees who wish to leave their jobs said that their current company could make no offer that would retain them.
The retention issue has been highlighted over the past two years: in 2015, 34% of those who left their jobs did so without even organising a new role to go to.
Kate Cooper, head of research and policy, ILM, said: “The beginning of a New Year is a natural point for people to start thinking about their future job prospects and there are many steps managers can take to respond to this.
“Our research indicates it is the opportunity to progress and not the desire for a bigger pay packet that is the main motivation in looking for a new job. Highlighting the progression opportunities that are available such as project leading, secondments and job shadowing will help demonstrate that there are development routes within the organisation.
“Ensuring staff feel part of the organisation and their achievements are recognised and appreciated will help to retain them and the talent the business needs.”