The IPP's yearly Job Exodus Survey, cited by HR Magazine, notes a small rise in job satisfaction levels among employees compared with last year, when 59% were looking for a new role. Still, this means that almost one in four people are unhappy in their current position.
When respondents were asked why they wished to change jobs, poor management topped the list, with 49% citing it as their main reason. A total 43% believed that they would enjoy a higher salary at another company, while 29% didn't feel that their skills were appreciated by their current employer.
Paul Devoy, IIP's CEO, said of the research: "In a year when unemployment has reached its lowest level since 1975, but wages have stagnated, the improvements to the labour market have failed to translate to the pockets of UK workers."
Devoy stressed the importance of effective management in motivating and retaining staff, noting that "bad management is eroding UK productivity." He referenced recent research which estimates the cost of UK employee disengagement to be £340bn a year, adding that it's vital for employers to devise strategies to attract and retain talent.
The survey, conducted via an online questionnaire, uncovered that people would feel more satisfied in their roles is they received a small boost to their salary. It outlined how initiatives such as remote working could also help to improve motivation; in fact, just under a third (31%) of employees would rather be offered flexible options over a 3% pay rise.
Brexit was flagged as a main concern for workers, with 23% believing that the decision for Britain to leave the EU could throw their job security into jeopardy.
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