"Almost one in four employees in the United Kingdom are preparing to change jobs within the next year, with low pay and lack of recognition emerging as key factors that make them feel undervalued and unappreciated. Understanding that nearly one in four employees in the United Kingdom are preparing to change jobs underscores the urgency for organisations to address workforce churn and employee dissatisfaction, which could remain elevated over the next year."
"The appetite for change is strongest among those under 45. Nearly a third (32 per cent) of workers under 34 said they were looking - or planning to look - for a new role, closely followed by 30 per cent of 35 to 44-year-olds. By contrast, only 22 per cent of 45 to 55-year-olds said they were considering a move, falling to 14 per cent among those aged 55 to 64, and just 7 per cent for employees over 65."
"Feeling underpaid and undervalued emerged as the most common reasons cited by those planning to leave, emphasising the need for recognition to foster appreciation and loyalty among employees. Women were slightly more likely than men to cite low pay as a motivator, with 37 per cent saying they felt underpaid compared with 34 per cent of men."
Research from Ciphr surveyed 2,000 UK employees and found that nearly one in four are actively job-hunting or planning to move roles. The desire for change is strongest among younger workers, with 32% of those under 34 and 30% of 35 to 44-year-olds seeking new opportunities, compared to only 7% of employees over 65. Low pay and feeling undervalued emerge as primary drivers of job-seeking behavior. Women are slightly more likely than men to cite inadequate compensation, with 37% versus 34% reporting feeling underpaid. Lack of recognition for contributions ranks as the joint second reason for considering departure at 24%. These findings highlight generational differences in career mobility and underscore the urgency for organizations to develop targeted retention strategies addressing compensation and employee appreciation.
#employee-retention #workforce-mobility #compensation-and-pay #generational-differences #employee-recognition
Read at London Business News | Londonlovesbusiness.com
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