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More than a third of your workers are planning to leave in 2015
If you’re the kind of business that struggles with high staff turnover then brace yourself for a difficult 2015. More than a third (37 percent) of workers are planning to leave their jobs this year, up from 19 percent in 2014, according to a survey of 1 000 workers and managers by the Institute for Leadership and Management.
It’s best to err on the side of caution when looking at surveys of intent as many of us will say we want to do something, but fail to actually go through with it. Nonetheless, the big increase on last year suggests 2015 could be a big year of employee churn.
‘The new year is always a popular time for workers to look ahead,’ said Charles Elvin, chief executive of the ILM. ‘With an improving economy and more fruitful job market, it is important that employers realise that it’s likely they will have to work harder to keep their talented employees.’
The key to minimising staff turnover isn’t as simple as throwing money at the problem. The biggest reason people are leaving is greater opportunity for progression (59 percent), while 56 percent said better pay was important.
The ILM also suggests workers are feeling ‘increasingly undervalued by their managers.’ Of those planning to leave, 30 percent said it was because they wanted to work for better management and 25 percent said they felt undervalued in their current role. If you’re worried about your top performers jumping ship then perhaps it’s time to up your managerial game.
The eight biggest reasons why workers are planning to leave
- More opportunity for progression (59 percent)
- Better pay (56 percent)
- More interesting job (50 percent)
- Better management (30 percent)
- More opportunity for training/development (27 percent)
- More opportunity for flexible working (18 percent)