Job exodus trends employee sentiment poll

Transcription

1 Job exodus trends 2015 employee sentiment poll

2 /2 The annual Investors in People employee sentiment poll reveals major trends across the UK workforce. By tracking the likelihood that people are looking to move jobs, the reasons for doing so, and the most attractive benefits that employers offer, this report helps organisations retain and recruit the best. Because good people make a great /investors-in-people /InvestorsInPeople

3 /3 Trends +10% Attrition Employees actively seeking a job and looking to move compared to % Confidence Employees that feel that the job market has improved compared to % Happiness Employees that feel very happy in their current job compared to 2014 As the UK economy warms up staff are thinking about where their career is headed and are aware of the opportunities out there. This poll should be a stark wake up call to many businesses. Paul Devoy, Head of Investors in People

4 /4 Workers are getting itchy feet 17.4 million people, or 57% of UK staff *, are considering moving jobs in This signals a 10% year on year increase against previous polls. Our 2015 poll of 2000 employees * reveals a major shift in employee sentiment, presenting a major opportunity for organisations looking to recruit, and a risk to those looking to retain. Which organisations will be able to diffuse this job exodus time bomb? Are you considering moving job in the next year? No Yes, but I am not actively job seeking Yes, and I am actively job seeking % 0 10 Do you feel the job market has improved? Yes, I feel it has improved significantly Yes, I feel it has improved slightly I think it has stayed the same No, I think it has got worse I don t know %

5 /5 Headline statistics: Headline statistics: 32% believe the jobs market has improved in the last year year olds are the most optimistic, with 39% seeing an improvement. Business in London, Brighton and Bristol face the biggest staff exoduses, with 66%, 64% and 63% staff considering a move. Who is saying it? The UK paints a varied picture in terms of job satisfaction across the country. Belfast, London and Edinburgh all have over 50% of their workforce looking to move in the next year. Unhappy league table by geography Glasgow Cardiff Edinburgh Newcastle Norwich London % of people who are unhappy in their current roles Men are more likely to change jobs than women, with 59% considering a move compared to 56%. Happy league table by geography Professional services is the most at risk sector with 68% employees thinking about changing jobs, followed by IT & Telecoms (67%) Belfast Manchester Plymouth Brighton Southampton % of people who are happy or very happy in their current roles

6 /6 Why are people looking to move? It s important to understand the key drivers behind employee s motivations. Interestingly, job satisfaction is deemed more important than pay (44 per cent), while feeling valued at work by leadership teams is also rated as one of the highest factors (30 per cent). Since 2014, we have seen some major shifts in happiness, job satisfaction and the view that other jobs might value employee s contribution more. 48% of potential movers now believe they can find better job satisfaction elsewhere and 30% believe they ll be valued more by another employer. Headline statistics: are unhappy in their current 33% roles, up from 24% last year. Poor management is the main reason for unhappiness amongst staff, cited by 46% of employees, followed by pay, not feeling valued and a lack of career progression. What are the main reasons for you not being happy in your job? Other Not getting on with colleagues/management Lack of benefits Not feeling I m making a difference Lack of authority and leadership Lack of training or development opportunities The hours I work Not enjoying the work itself No career progression Not feeling valued as a member of staff overall Poor Management Poor Management 46% Pay %

7 /7 What can businesses do to keep and attract the best? Our poll revealed the top three considerations for prospective employees are: Competitive pay 64% Work enjoyment 62% Having a good employer reputation 39% When looking for a new employer, what are the most important qualities that you look for?

8 /8 Recommended next steps Explore the free Investors in People guides to improve your attractiveness and effectiveness as an employer and diffuse the job exodus time bomb. Understand how to improve management practices, employer brand and progression opportunities for employees. Using Management Standards to improve performance For those looking for a simple structure to ensure that people management practices are world class. What is a best practice approach? Why benchmark yourself and use a Standard? Why people management excellence really matters The Investors in People continuous improvement journey and the process explained The difference Investors in People makes 30 Employee Engagement strategies for modern leaders For those looking to create the conditions for great employee engagement. The 30 strategies in this guide follow the areas of: Creating Purpose Supporting People Becoming a Modern Leader Learn from the leading best practice from over 5,000 IIP organisations to understand how the demands of a modern leader can be met in your organisation today Employee health and wellbeing guide For those looking to improve employee health and wellbeing: creating a positive workplace that values everyone s contribution. This 30 page guide covers: A quick checklist to understand where to focus Implementing the 7 enablers of healthy workplace culture Guide for supportive managers Practical ideas and solutions for workplace wellbeing How to manage return to work

9 /9 Going further Interested in understanding how your organisation s management practices actually compare? Take our online benchmark test to download your own personalised report against the internationally recognised Investors in People Standard. You ll be able to compare how you do to 9500 other organisations. Methodology * A poll of 2000 employed individuals in the UK was carried out between 11/12/14 and 16/12/14. Using exactly the same questions, the results were compared to responses from 2036 UK employed individuals collected between 5/11/13 and 13/11/13. For more information about this survey, or to access additional data sources and press information, please contact press@investorsinpeople.co.uk or call

10 /10 About us The Investors in People accreditation is the sign of a great business. Our leading people management standard is held by a community of 15,000 businesses across the UK and overseas. At Investors in People we believe that organisations succeed by realising the potential of people. We see people as the engine of success for responsible, sustainable and profitable businesses. The better they are the better you do. Our independent assessment process offers valuable insight, our world class methodology and the Investors in People Framework, provides access to leading people management practices and our accreditation signals to customers and employees a commitment to investing in people. Visit our site to download the full Framework today

11 /11 Get Recommended in touch today next steps In addition to this Good Practice Guide, Investors in People has also developed Call the 3033 following today Follow us on twitter: resources that are to employers before they are assessed against the Good Practice Go online: Award. They are available online at 1 Self Check Diagnostic Investors in People has developed a simple self-check tool to help you gauge how your organisation is doing. This will give you an overview of the health and wellbeing issues that Investors in People addresses, help you to review how your organisation currently supports the health and wellbeing of its people, and enable you to identify your organisation s strengths and development areas. 2 Health and Wellbeing resources Online resources available from the Investors in People website provide some additional good practice, practical examples and advice around many of the issues covered by the Good Practice Award. Alternatively... 3 Contact your centre To talk through how your organisation can benefit from the Health and Wellbeing Good Practice Award, contact your local Investors in People centre. and explore our resources, articles, tools and much more. Investors in People is strategically owned by the UK Commission for Employment and Skills, Sanctuary Buildings, Great Smith Street, Westminster, London SW1P 3BT The Investors in People mark and logo are protected by copyright and international trademark law. All photography by Mike Drummond and used with permission. All photographed are employees of IIP accredited organisations.