POSTED: January 04 2017
British workers more confident about jobs market with over half planning a move

British workers more confident about jobs market with over half planning a move

• National employee survey reveals a 10% year-on-year increase in staff looking to jump ship with over half of workers (59%) considering changing jobs in 2017
• Confidence in the jobs market has bounced with 10% now reporting it has significantly improved since last year, up from 5% in 2016 outlook
• Pay is the biggest gripe for workers, with 51% saying it is one of the main reasons they’re looking to move – a 7% increase on last year

The findings are outlined in Investors in People’s annual ‘Job Exodus Trends’ report, revealing that one in four employees are on the hunt for a new role in 2017. Amid recent concerns about wages stagnating in the UK, half of workers (47%) said a small pay rise was the one thing their employer could do to increase happiness in their job – a 7% increase on last year. Pay is closely followed by poor management as a major gripe for workers, 42% said their boss is causing them to be unhappy in their job.

Paul Devoy, Head of Investors in People, comments: “We were expecting to see British workers planning to stay put in the face of economic uncertainty. But we’ve seen exactly the opposite: a significant rise in people seeking to move employers in 2017 and a jump in jobs confidence. Workers are telling us they want to move for better pay, better management and flexible working. This sends a clear message to British business to invest in your people or risk losing them.”

When asked what the most important qualities are in a new employer, job seekers said competitive pay (67%), the work itself being enjoyable (64%), benefits (44%), followed by having a good reputation as an employer (42%). However, over a third (35%) said they would rather have a more flexible approach to working hours than a 3% pay rise.

Being part of an organisation that values its staff is particularly important to younger workers (16-29) with over a third (38%) saying it’s one of the most important qualities they look for in a new employer.

Paul continues: “With worker wages stagnating and a strong jobs market there is a clear imperative to address workers’ pay and tackle poor management.  Poor management (42%), not feeling valued (34%) and no career progression (33%) are critical factors for workers being unhappy in their jobs. Employers need to really invest in their people in 2017 to attract and retain the best talent.”

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