UK managers: resigned to the recession?

Never mind job cuts - an increasing proportion of British bosses are showing themselves the door.

Last Updated: 31 Aug 2010

In these tough economic times, you’d think people would be more determined than ever to cling on to their jobs. But an annual survey from the Chartered Management Institute has revealed that the number of managerial resignations actually increased last year. According to its 2010 National Management Salary Survey, resignations were at 4.7%, up from 4.5%, while the labour turnover rate jumped from 12.4% to 13.6%. Despite the economy being about as fertile as the moon, people are clearly still prepared to jack in their job in the hope of finding something better.

So what’s going on? It seems the recession may have encouraged people to jump ship, as opposed to clinging onto its railings. Indeed, more than half the employers questioned admitted that recent restructuring and job insecurity had caused people to go.

However, it sounds as though managers could be doing more to stop it. For 38.5% of employers, their ‘failure to offer career opportunities and training’ contributed to people leaving, while 61.5% admitted that head-hunters and recruitment consultants had worked their black magic in luring people away. Surely if things were being run correctly on the inside, then these calls to go elsewhere wouldn’t have quite the same appeal? It’s like blaming the milkman for your wife’s indiscretions.

The survey also revealed that there are still plenty of opportunities going begging. Some 46% of employers admitted to having vacancies they can’t fill. This seems barmy given the above, and the fact that the unemployment rate stands at nearly 2.5m.  By way of explanation, 77% of employers blame a lack of specialist skills among candidates. Perhaps what we need is a skills tsar. Or have we already got one of those?

Then again, almost a quarter of employers blame their recruitment troubles on the salaries they’re able to offer – and the bad news is that things don’t seem to be getting any better on that front. The CMI report, which surveyed more than 43,000 people, found the average salary increased by 2.5% across the UK last year, standing at £21,876 for junior staff, and £43,119 for team leaders. Although in a year when so many saw their pay frozen entirely, that’s arguably a lot better than nothing.

In today's bulletin:

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UK managers: resigned to the recession?
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