Credit: the Italian voice/Flickr

More than a third of your workers are planning to leave in 2015

Job movers are mainly motivated by prospects rather than pay, new figures suggest.

by Jack Torrance
Last Updated: 12 Jan 2015

If you're the kind of business that struggles with high staff turnover then brace yourself for a difficult 2015. More than a third (37%) of workers are planning to leave their jobs this year, up from 19% in 2014, according to a survey of 1,000 workers and managers by the Institute for Leadership and Management.

It’s best to err on the side of caution when looking at surveys of intent as many of us will say we want to do something, but fail to actually go through with it. Nonetheless, the big increase on last year suggests 2015 could be a big year of employee churn.  

‘The new year is always a popular time for workers to look ahead,’ said Charles Elvin, chief executive of the ILM. ‘With an improving economy and more fruitful job market, it is important that employers realise that it’s likely they will have to work harder to keep their talented employees.’

The key to minimising staff turnover isn’t as simple as throwing money at the problem. The biggest reason people cited as a motivator for leaving was greater opportunity for progression (59%), while 56% said better pay was important.
 
The ILM also suggests workers are feeling ‘increasingly undervalued by their managers.’ Of those planning to leave, 30% said it was because they wanted to work for better management and 25% said they felt undervalued in their current role. If you’re worried about your top performers jumping ship then perhaps it’s time to up your managerial game.

The eight biggest reasons why workers are planning to leave
1.    More opportunity for progression (59%)
2.    Better pay (56%)
3.    More interesting job (50%)
4.    Better management (30%)
5.    More opportunity for training/development (27%)
6.    More opportunity for flexible working (18%)
7.    Nicer people (5%)
8.    Better options for parental leave (3%)

Find this article useful?

Get more great articles like this in your inbox every lunchtime

A leadership thought: Treat your colleagues like customers

One minute briefing: Create a platform where others can see their success, says AVEVA CEO...

The ignominious death of Gordon Gekko

Profit at all costs is a defunct philosophy, and purpose a corporate superpower, argues this...

Gender bias is kept alive by those who think it is dead

Research: Greater representation of women does not automatically lead to equal treatment.

What I learned leading a Syrian bank through a civil war

Louai Al Roumani was CFO of Syria's largest private retail bank when the conflict broke...

Martin Sorrell: “There’s something about the unfairness of it that drives me”

EXCLUSIVE: The agency juggernaut on bouncing back, what he would do with WPP and why...

The 10 values that will matter most after COVID-19

According to a survey of Management Today readers.