January 7, 2016
Future prospects rather than salary is the main motivator for employees 0
Nearly a third of workers are planning to quit their jobs this New Year, with most workers wanting to move because of poor future prospects. According to a poll conducted by the Institute of Leadership & Management (ILM) over a quarter (26 percent) said that lack of opportunity is the main reason they want a new job, while 17 percent say they are moving because they want more appreciation. A quarter are so desperate to leave that their current company could do nothing to keep them on; with 27 percent saying they wouldn’t stay where they are no matter what the company offered them. Financial reward is a low motivator, as only 15 percent of people say they want to move to get a better salary. Over a third of employees have been so fed-up that they have left without a new role to go to, with 34 percent of those who left their jobs in 2015, doing so without lining up a new job.
This is the second year in a row that ILM has found lack of progression as the main reason people want to move on. However, there’s been a 5 percent drop in the number of people planning to leave their jobs.
Kate Cooper, Head of Research and Policy ILM said “The beginning of a New Year, is a natural point for people to start thinking about their future job prospects and there are many steps managers can take to respond to this. Our research indicates it is the opportunity to progress and not the desire for a bigger pay packet that is the main motivation in looking for a new job.”
Why workers are planning to move in 2016:
- More progression – 26 percent
- More appreciation– 17 percent
- Career change – – 17 percent
- Better salary – 15 percent
- More enjoyment – 12 percent
Added Cooper: “Highlighting the progression opportunities that are available such as project leading, secondments and job shadowing will help demonstrate that there are development routes within the organisation. Ensuring staff feel part of the organisation and their achievements are recognised and appreciated will help to retain them and the talent the business needs”
