As the UK economy nears recession, a study by Beamery reveals a significant talent retention challenge as 80% of employees contemplate leaving due to unrecognized skills. Despite a strong desire to grow within their firms, many workers feel misunderstood in their potential. Key barriers include internal advancement limitations and lack of managerial support. With 88% open to new roles within their companies, the study suggests organizations need to better leverage existing talent to fill skills gaps and enhance workforce adaptability.
The findings highlight a disconnect between employees' skills and potential and how employers recognise and utilise those skills.
More than 70% of employees believe they are qualified to take on greater responsibility.
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