Employers face high staff turnover in 2014, survey suggests

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Work/life balance a priority for employees in the New Year.

A fifth of employees plan to quit their job this year, according to a survey from the Institute of Leadership and Management (ILM).

The study, of 1001 workers, found that of the staff that are preparing to change job, 16 per cent want to leave because they do not feel valued.

Of this group, the vast majority would like a similar job (40 per cent) or a different post (39 per cent) at a new company, while one in 10 would like to start their own business.

However, in addition to the fifth of workers planning to leave, a further 31 per cent are unsure about whether they will stay in their current role, suggesting employers face a high staff turnover in the coming months.

Charles Elvin, ILM’s chief executive, said: “The New Year is always a popular time for workers to look ahead and think about how they can progress.  Our findings show that UK employees are beginning to reassess the job market and look into a range of new opportunities, from starting a new job to developing a new business.

“The survey illustrates just how critical it is that workers feel valued in the workplace.  As many workers like to make a change this time of year, it is important that organisations adapt to this phase by offering the chance to learn new skills and opportunities to progress wherever possible.”

The survey also asked employees, about their workplace resolutions for the New Year.  Most respondents, (31 per cent) said improving their work/life balance was a top priority for 2014, this was closely followed by a desire to receive more training or attain a new qualification (28 per cent), to become a better manager (13 per cent), and be more productive at work (11 per cent).

The ILM said that the findings revealed a desire to improve the standards of leadership in organisations, with 19 per cent hoping to improve their own leadership skills this year and 17 per cent hoping from more transparent leadership from their boss.

“The survey reinforces the importance of leadership to workers in the UK, and in particular the desire for greater transparency in the workplace,” Elvin added.  “This should be an important consideration for both current managers and those looking to improve their leadership skills.”

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