"The research explored why employees were moving, and despite the significant number who have had a pay rise recently, increased salary and improved job satisfaction are the two most cited reasons. A quarter (24%) claimed they were looking to leave because of a lack of appreciation. Flexible working was also a factor with 21% of remote workers looking to leave because of return to office policy."
"Those that are planning to stay explained the key factors in their decision were flexibility and feeling valued by their employer. However, there is a significant generational divide, Millennials and Gen X appreciate flexibility the most, whereas 'feeling valued' is most important to baby boomers and Gen Z. When asked what would increase loyalty, the survey found most employees are looking for more flexibility and increased salary."
"When asked what would increase loyalty, the survey found most employees are looking for more flexibility and increased salary. The third most impactful factor is meaningful recognition from a manager, which was prioritised over a promotion or improved company culture. The importance of positive recognition shouldn't be underestimated with 85% of employees stating they would view their employer more positively if given a small yet meaningful reward."
Two-fifths (39%) of UK employees plan to leave their role within the next twelve months, with 55% of Gen Z and 41% of millennials intending to change jobs. Sixty-one percent of HR professionals are actively looking to move despite 73% of employees having received a pay rise in the past year. Increased salary and improved job satisfaction are the top reasons for leaving, followed by lack of appreciation and return-to-office policies for remote workers. Employees who stay cite flexibility and feeling valued. More flexibility, higher pay and meaningful manager recognition are the strongest loyalty drivers.
Read at London Business News | Londonlovesbusiness.com
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