Employees are staying put despite the general pay restraint, according to a new labour survey.
With the job market still pretty dead, they’re clearly willing to put up with modest pay increases (if they get an increase at all.)
The research, by the Chartered Management Institute and XpertHR, suggests that just 3.9% of staff quit their jobs in the year to the end of January. This was a fall from 4.9% the year before.
But while this suggests staff are controlling their itchy feet and choosing to lie low until the job market picks up, it is rather at odds with research published by PricewaterhouseCoopers last October. According to PwC, UK staff resignations averaged 10.4% in 2010, costing business £42bn a year. We know which one sounds more likely to us…